Canada Life International Assurance (Ireland) DAC

We offer a variety of international solutions which are designed to grow your savings and investments. Tax-efficiency is at the heart of our proposition and our services include international investment, estate planning and protection solutions. It also has the flexibility to adapt to your changing needs. The use of international investments provides an opportunity to accumulate and manage wealth with the ability to take money from the investments in a tax-efficient manner. All of this is backed by our highly regarded service, technical expertise and financial strength.

Brexit – What’s happening?

The UK and the EU negotiated and approved a withdrawal agreement and the UK left the EU at 11pm on 31 January 2020. There is now a transition period which will last until 31 December 2020 and during this period, all EU rules and regulations will continue to apply to the UK.

We continue to monitor the situation closely, including ensuring that our international business can continue to offer the choice of Isle of Man and Ireland jurisdictions to advisers and clients, and be able to service our customers as we do now.

We have developed a Brexit Q&A based on our current understanding of the situation.

Strength and Stability

Canada Life International Assurance (Ireland) DAC CLAI is based in Dublin and is recognised as one of the world’s leading financial centres. It boasts a strong commitment to international financial standards and policyholder protection. Our aim is to provide sophisticated solutions. One of the key benefits for investors of Ireland is our competitive VAT rates. We also do not pay any capital gains tax or income tax in Ireland on investments held on behalf of policyholders. We’re proud that CLIAI is given five stars by Actuarial consultancy firm AKG.

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Further information about CLIAI can be found in our Solvency and Financial Condition Reports:

2019 CLIAI SFCR | 2018 CLIAI SFCR | 2017 CLIAI SFCR | 2016 CLIAI SFCR

Canada Life Limited is authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority.

Canada Life International Limited and CLI Institutional Limited are Isle of Man registered companies authorised and regulated by the Isle of Man Financial Services Authority.

Canada Life International Assurance (Ireland) DAC is authorised and regulated by the Central Bank of Ireland.

Stonehaven UK Limited and MGM Advantage Life Limited, trading as Canada Life, are subsidiaries of The Canada Life Group (U.K.) Limited. Stonehaven UK Ltd is authorised and regulated by the Financial Conduct Authority. MGM Advantage Life Limited is authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority.