About Retirement Advantage
Who we are
Retirement Advantage is a well-established company that can trace its roots back to 1852. We provide those who are in, at or approaching retirement with a range of simple, secure and flexible products to suit their needs.
Every year thousands of retirees rely on us for their income. We have over £2billion of funds under our management, and a heritage dating back over 160 years.
In January 2018 Retirement Advantage became part of the Canada Life Group (UK) Limited. Canada Life shares a similar heritage, and just as importantly, places the same emphasis on providing outstanding service to customers.
Canada Life has operated in the United Kingdom since 1903. Today the Group offers life insurance, critical illness cover, retirement planning, annuities, investments and inheritance tax planning, looking after the needs of thousands of individuals and companies. Canada Life is itself part of Great-West Lifeco, with over 30 million customers worldwide and £767 billion in assets under administration (1 January 2018).
As part of Canada Life, Retirement Advantage has more capability than ever before to help customers feel better equipped to make the most of their retirement. Canada Life is fully committed to the long-term future of The Retirement Account and our equity release products, and for this reason we are already hard at work on their future development.
The Retirement Account, our leading solution for customers who want to take control of their income in retirement, is the most innovative retirement product to appear in recent years. That’s why Retirement Advantage has ‘swept the board’ in industry innovation awards.
But we’re not just about innovation – Retirement Advantage also scooped the Financial Adviser 5 Star Service award for Life and Pensions, recognised throughout the industry as the gold standard measure of service.
And over the last ten years, our Equity Release products and services have been recognised time and again for their innovation, quality and value for money. View our awards page
Financial strength ratings are designed to provide some indication about the likelihood of a company defaulting on its liabilities at some point in the future. AKG, a respected provider of such ratings for the financial services industry, rated MGM Advantage Life Ltd’s financial strength as ‘B+’ in May 2018, which they class as ‘Very Strong’ - Read more
Meet the Board
The Retirement Advantage Boards of Directors are responsible for setting the Retirement Advantage business strategy and making sure the business is run efficiently, legally and for the benefit of Retirement Advantage policyholders - Read more