The company dealt with the request to provide draw down funds efficiently. Took longer than anticipated which caused some concern in case the completed form hadn’t been received. If an email or text... See more
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At Canada Life, we provide retirement, investment and protection solutions to individuals, families and businesses. We work in partnership with financial advisers to help customers to make more of life. Because we understand that financial security gives our customers the financial freedom and wellbeing that comes with it. We’re proud of our heritage, our values and our people. In 1903 we opened our first office in London, and in over a century we’ve built a strong and resilient business in the UK. Let’s build financially secure futures together.
Level 37, 22 Bishopsgate, EC2N 4BQ, London, United Kingdom
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Reply from Canada Life UK
An elderly family member took out a loan with this company independently, and overall the service must have been fine, as we later found out the elder had actually taken out 5 loans against the property with this company.
All the loans have been fully repaid, but it's been over 5 months and the company is still holding the title deed and hasn't released it yet. This has caused a lot of hassle and certainly a very high solicitor bill (by chasing up the title deed).
That said, we've contacted customer service, and they have always been polite. We're just hoping the title deed issue gets sorted out soon so this matter can finally be resolved.

Reply from Canada Life UK
Very good communication. When I emailed several times, I always had a prompt email back.

Reply from Canada Life UK
Everything was explained and ensured I did understand what was going on, I was fully aware of what was happening and the first payment arrived as assured on time.
Thinking it would be a daunting task to sort out my pension but it ended up a much easier process which was much appreciated.

Reply from Canada Life UK
1 you listen to people
2 you act straight away
3 nothing too much troublr

Reply from Canada Life UK
What an impressive experience we have just had with Retirement Line and Canada Life. Buying an Annuity with hard-earned pension savings is a daunting prospect. We've been very impressed with the prompt and caring approach of the Retirement Line team, and the follow-up with Canada Life, who provided a very competitive quote. Alison and Lucy at Retirement Line kept us updated constantly through the process and immediately dealt with any queries we had. The process can take some time, but was efficiently handled, taking a week less than anticipated. I'd recommend it to anyone.

Reply from Canada Life UK
Sorry, I can't give assessment because I'm in long term holiday until 20 of October!

Reply from Canada Life UK
I actually arranged this through the Retirement Desk. However Canada Life provided the product I wanted.

Reply from Canada Life UK
The letter advising me that the annuity had been set up was misleading, incorrect and missing vital information. I had to wait about 30 minutes to speak with an advisor who was able to clarify things - to a point- I still had to check my bank account twice before the money actually came in. Not a good start with this company.

Reply from Canada Life UK
Their payments are always made on time and have done for a few years.

Reply from Canada Life UK
It is taking far too long for Canada Life to release funds, up to 30 days, and form are sent by post, it is archaic in the 21st century. I am very disappointed

Reply from Canada Life UK
If all companies were this good life would be a lot easier!

Reply from Canada Life UK
Moved over to Canada life through my finacial adviser so at the moment still early days but so far quick and easy to deal with and offer good value . No problems at all so far , so on my experience would highly recommend

Reply from Canada Life UK
very simple to make payments. professional and flexible product

Reply from Canada Life UK
I spent a long time on the phone as the process was not explained clearly, and I did not really understand what was happening throughout.
After eventually receiving the paperwork, I discovered that someone else’s Key Facts document had been included, which was very concerning from a data protection and confidentiality perspective.
Overall, the experience was confusing and poorly handled.

Reply from Canada Life UK
Awful experiance, Canada Life use an emergy tax code dispite having your correct code, I suspect it's easier for them than to do their due diligence. HMRC send them your tax code each year so even if only a small part of your drawdown should be subjected to tax they charge you the upper tax limit using the emergency tax code. One has to ask does this save them money ?.Also to send a simple email takes them three weeks from request. I would never advise anyone to use Canada Life.

Reply from Canada Life UK
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