CanRetire - Canada Life Financial

1 CanRetireProduct range summary Pension Investment Plan For professional advisers use onlyThe following summary explains the key elements of the CanRetire product range including the full list of product charges. For details of the investment charges please visit Pension Investment PlanMinimum age at issue 18 years attainedMaximum age at issue Age 75 Selected retirement age From age 55 onwardsContribution types Single contributions and transfers in from other pension schemes.

2 We will also accept single contributions from employersTransfers in Accepted from UK registered pension schemesTransfers out Yes, to another registered pension schemeMinimum single investment 5,000 Minimum additional single 500 Minimum transfer in 5,000 (can accept multiple smaller amounts so long as the total transfer amount is 5,000 or greater)Maximum investment Subject to annual and lifetime allowance limitsAllocation rates 100%Death benefits 100% of fund value payable to nominated beneficiary as a lump sum or as pension income Tax free lump sum Up to 25% of entire fund value of policy when transferring to a retirement income product (Pensions commencement lump sum) (such as, a Canada Life flexible drawdown Plan)Income options Uncrystallised Fund Pension Lump sums (UFPLS)

3 Income payment frequency Ad-hoc or regular payments (monthly, quarterly, half-yearly, annually)Charges Annual Management Charge Our charges are applied monthly at a rate of 1/12th of the annual management charge based on the fund value at the time. Set-up fee None Fund switching charges None Other fees including withdrawals NoneAdviser remuneration Adviser charges Initial, ongoing and one-off adviser charges can be accommodated Commission Not availableInvestment choices Approximately 150 funds to choose from Maximum funds for each plan Maximum of 10 for each investment into the plan Band Annual Management Charge (AMC)

4 0 to 25,000 Over 25,000 to 50,000 Over 50,000 to 100,000 Over 100,000 to 500,000 Over 500,000 to 1 million Over 1 million Example: 75,000 will attract an AMC of 325 each year (first tier 25,000 is , second tier 25,000 is and third tier 25,000 is )CanRetireProduct range summary flexible drawdown Plan flexible drawdown PlanMinimum age at issue 55 years attainedMaximum age at issue NoneContribution types Transfers onlyTransfers in Accepted from UK registered pension schemesTransfers out Yes, to another registered drawdown schemeMinimum initial investment 10,000 Minimum transfer in 5,000 (can accept multiple smaller amounts so long as the total transfer amount is 5,000 or greater)

5 Maximum investment Subject to lifetime allowance limitsAllocation rates 100%Death benefits 100% of the fund value payable to nominated beneficiary as a lump sum or as pension income Beneficiary s drawdown available Yes, please ask for further details Tax free lump sum Up to 25% of uncrystallised fund value being transferred. Partial tax free cash amounts (Pensions commencement lump sum) cannot be facilitated.

6 Applied before payment is made into the planIncome options No limitation on amounts withdrawn subject to fund value held in the plan. Partial and phased drawdown cannot be facilitatedIncome payment frequency Ad-hoc or regular (monthly, quarterly, half-yearly, annually)Charges Annual Management Charge Our charges are applied monthly at a rate of 1/12th of the annual management charge based on the fund value at the time. Set-up fee None Fund switching charges None Other fees including withdrawal charges NoneAdviser remuneration Adviser charges Initial, ongoing and one-off adviser charges can be accommodated Commission Not availableInvestment choices Approximately 150 funds to choose from Maximum funds for each plan Maximum of 10 for each investment into the plan Band Annual Management Charge (AMC)

7 0 to 25,000 Over 25,000 to 50,000 Over 50,000 to 100,000 Over 100,000 to 500,000 Over 500,000 to 1 million Over 1 million Example: 75,000 will attract an AMC of 325 each year (first tier 25,000 is , second tier 25,000 is and third tier 25,000 is )CanRetireProduct range summary Fixed Term Income Plan Fixed Term Income PlanMinimum age at issue 55 years attainedMaximum age at issue 94 Contribution types Transfers onlyTransfers in Accepted from UK registered pension schemesTransfers out Only at end of term.

8 Yes, to another registered drawdown schemeMinimum initial investment 10,000 Maximum investment Subject to lifetime allowance limitsTerms 1 year to 20 years. The plan must mature before policyholder s 96th birthdayDeath benefits 100% of original investment less any payments made up to date of death, including any adviser charges Tax free lump sum Up to 25% of uncrystallised fund value before payment into the plan (Pensions commencement lump sum) Income options Income must be arranged at the outset and cannot be changed during the term.

9 The plan can be purchased with zero incomeIncome escalation Income can be set-up as level amounts or at fixed escalation at each policy anniversary. Escalation can be anything from to 10% each yearIncome payment frequency Regular (monthly, quarterly, half-yearly, annually)Charges Implicit and reflected in the income and or guaranteed maturity values offered Annual Management Charge Not applicable Set-up fee Implicit charge reflected in the income and or maturity value offered Fund switching charges Not applicable Other fees NoneAdviser remuneration Adviser charges Initial adviser charges can be accommodated Commission Only available for non-advised sales.

10 Standard initial commission payable is 1%Investment choices None Maximum funds for each plan Not applicableCanada Life Limited, registered in England no. 973271. Registered office: Canada Life Place, Potters Bar, Hertfordshire EN6 : 0345 6060708 Fax: 01707 646088 Member of the Association of British Insurers. Canada Life Limited is authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority. ID6820 1016 RCanRetireProduct range summary Lifetime Annuity Lifetime AnnuityMinimum age at issue 55 years attainedMaximum age at issue 99 Life basis Can be sold on single or joint life last survivor basisContribution types Transfers from other pension schemes or from Open Market OptionTransfers in Accepted from UK registered pension schemesTransfers out Not availableMinimum initial investment 10.