Canada Life Pension Review

Canada Life pensions are often held for many years and sometimes decades. While long standing providers offer stability, older pensions are particularly important to review.

A Canada Life Pension Review with Hilltop Finance gives you a clear understanding of how your pension is performing today.

Important information: Our website offers information about investing and saving, but not personal advice. If you’re not sure which services are right for you, please request advice from Hilltop’s independent financial advisers. Remember that investments can go up and down in value, so you could get back less than you put in.

What's Included With Our Canada Life Pension Review

Your Pension's Performance

Our advisers will check the performance of your Canada Life pension against its benchmark and across the market. This ensures you’re getting the right pension for you, that will potentially deliver for your retirement.

Check The Fees You're Paying

All pension providers charge a fee for managing your funds. Our advisers will check that your Canada Life pension or any other pensions you may have are not charging you excessive fees. Excessive fees could be affecting your pension’s growth.

Risk Check Your Funds.

All pension funds are subject to an element of risk. As part of our review service, we will carry out a full financial risk assessment to ensure your Canada Life pension is aligned to your attitude to financial risk.

Management Options

Does your Canada Life pension offer online access? Can you get up-to-date valuations instantly? During your Canada Life pension review, we will find out what’s important to you and ensure the personal pension you invest in can give you the functions you require.

Who are Canada Life?

Canada Life is a long-standing financial services provider with a strong presence in the UK pensions market. The company offers a wide range of pension solutions, including personal pensions, workplace schemes and legacy pension plans that may have been set up many years ago.

Because many Canada Life pensions were set up years ago, policyholders are often unsure how their money is invested or whether charges remain competitive. Reviewing an older or existing Canada Life pension can help uncover whether it remains suitable in today’s financial environment.

Why should you get your Canada Life pension reviewed?

Over time, pensions can become misaligned with both market conditions and personal goals. What worked well years ago may no longer be the most efficient or flexible solution for your retirement planning.

A Canada Life Pension Review can help you:

– Understand your current investment strategy

– Check whether your funds match your risk profile

– Assess whether your retirement plans remain realistic

– Consider whether consolidation or switching could help

Hilltop Finance provides independent advice, focusing on helping you make confident, well-informed decisions about your pension, without pressure or unnecessary complexity.

Are fees affecting your Canada Life pension growth?

Charges can have a lasting impact on pension outcomes, particularly with older or long-established pension plans, and overpaying in fees can have a noticeable impact on your pension value over time.

Canada Life pensions may include:

– Policy charges

– Fund management costs

– Ongoing administration fees

As part of your Canada Life Pension Review, Hilltop Finance will assess the full cost of your pension and explain how those charges affect long-term growth. If more cost-effective options exist, we’ll clearly outline the differences so you can decide whether changes are right for you.

What to expect

Expert advice in three simple steps

We’re committed to going the extra mile, holding your needs and requirements at the centre of our trusted advice. Everybody is different, and the financial advice we deliver reflects that. Our professional advice is always relevant, personalised and tailored to you.

Get in touch

Give us a call on 0161 413 7051 or let us know when you’d like us to call back. A friendly pension professional will discuss your enquiry to get a better understanding of your situation.

Analyse and report

As soon as you give us authority to work on your behalf, our team will get started analysing your pensions to produce an in-depth report and assess against the market.

The choice is yours

Your expert pension adviser will deliver their assessment and ensure you fully understand the advice given. Now you will be able to make informed decisions.

Arrange a callback

or call us now on 0161 413 7051

Frequently asked questions

Should you have any queries about our services, or if you can’t find what you’re looking for simply get in touch with our friendly team who are here to answer any questions you might have.

Consolidating your pensions from different employers is run in the same format as a regular pension consolidation service. It’s generally not recommended to combine out of your current workplace pension, but in some cases, you can combine and transfer your other funds into your current workplace pension. Please speak with our team to find out all of your options.

Retirement Income Planning is the process of assessing how much income you will need in retirement and then making decisions and actions on how to achieve the targeted income. Your financial adviser will work with you to make a detailed retirement plan to help achieve your goals.

To combine your pensions, a financial adviser will need your authority to speak with your pension providers and then your authority to act on your behalf to transfer your pensions into the recommended product.

By initially giving the financial adviser the power to speak with your providers (Letter of Authority) the financial adviser will request the relevant information they need to make any recommendations on if consolidation is right for you, where to combine and potentially transfer your pensions.

For the full process of combining your pensions, please speak with our team.

A 25% Tax-free lump sum is calculated on the total value of your defined contribution pensions, rather than specific to each policy. The advisers at Hilltop will be able to give you guidance on your options.

Tax treatment depends on the individual circumstances of each client and may be subject to change in future.

Capital at Risk.

Depending on your current pensions, you could lose money when combining your pensions, if they have exit fees included or any guaranteed rates included. By speaking with our advisers, they can check to see if any of your current pensions have any clauses attached and help you to make the right choices about pension consolidation. If we don’t think that pension consolidation is in your best financial interests, we will tell you that too.

Capital at Risk.

There are several ways of consolidating your pensions. But, we believe the best way to consolidate them and to ensure you’re getting the best pension policy for your circumstances is to speak to our team.

We will quickly assess your current pensions and offer advice and recommendations on where to consolidate your funds. The advice we give is always in your best financial interests, and by speaking with us, we can take some of the decision processes from you and guide you to a more suitable pension, rather than a fit for all pension you may see online.

Capital at Risk.

Combining your pensions could have many benefits. Putting your pensions into one policy can help you to keep track on the value of your funds, quickly see the performance of your fund and also you could benefit from lower management charges than having multiple pensions.

With all your funds in one place, you could furthermore reduce the chance of losing track or forgetting about that smaller pension pot that you accrued with an old employer. Pension consolidation isn’t for everyone, though, so please speak with one of our advisers before moving your pensions.

Capital at Risk

You could drawdown from a personal pension from your 55th birthday. In some circumstances i.e. ill health, your pension provider may allow you to take money from your pension, but this is at their discretion.

Capital at Risk

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We just need to take a few more details to understand what we can help you with and when is convenient for us to call you back. Gives you a chance to pop the kettle on ☕

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