Welcome to Retirement Advantage

Retirement Advantage has joined the Canada Life Group

Retirement Advantage became part of the Canada Life Group (UK) Limited in January 2018. As part of Canada Life, Retirement Advantage is stronger and more capable than ever before, with greater potential to help our customers feel better equipped to make the most of their retirement.

Canada Life has operated in the United Kingdom since 1903. Today they offer 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 £760 billion in assets under administration.

If you are an existing Retirement Advantage customer please note there will be no changes to your policy as a result of our acquisition by Canada Life. We still have the same experienced and committed team of people and will strive to meet the highest standards in our dealings with you. Our company address and phone numbers are unchanged and you need take no action. We look forward to serving you as a customer for many years to come.

Retirement Advantage

Most of us only retire once and have no previous experience to draw on - yet the money we have built up in pensions, and increasingly property, can be more than we’ve ever accumulated before.

That’s why it’s so important to make the right decisions.

Whether you’re approaching retirement or already retired, we can help. As a company that specialises in retirement, we believe we know the needs of our customers better, so our products and services are designed to be simple, secure and flexible.

Retirement Income  

You have even more choice and flexibility about what happens to your pension pot than ever before. At Retirement Advantage we offer a full range of retirement income products, to suit your retirement needs. 

Based on the needs of our customers, The Retirement Account is designed to help you make the most of your pension freedoms. Combining a Guaranteed Annuity, Pension Drawdown and Pension Savings into one simple account. 

We also have our Guaranteed Annuity* which will pay you a guaranteed income throughout retirement that can never fall. The income paid takes account of an individual’s demographic, lifestyle and medical situation.

 Find out more about our products

Equity Release

Put simply, equity release is a way of releasing some of the money built up in your home, without having to move house. How much money you can release depends on your age, how much your home is worth and how much you choose to borrow.

There are two different types of regulated equity release plans – ‘Lifetime Mortgages’ and ‘Home Reversions’. At Retirement Advantage we only offer Lifetime Mortgages.

Our range of products allow you to tailor how you release cash from your home. What's more, the money released is tax-free and can be spent on whatever you choose.

Find out more about our lifetime mortgages  

*Our standalone Guaranteed Annuity will shortly be closing to new business. Customers with existing Guaranteed Annuity policies will not be affected  – Find out more 

Planning for retirement?

Our Retirement Planning help and guidance section has everything you need to help you plan for your future.

Visit our Retirement Planning hub