Child saving plans

Apr 5 2006

Extra 1% on cautious fund

Canada Life is offering Flexible Investment Bond (FIB) holders an extra one per cent allocation on new investments.

The company is offering savers an extra per cent on its top-performing cautious fund and investors can take advantage of the offer from now until July 28th this year.

Cautious managed funds are designed to provide investors with partial exposure to the risks of the equity market but also allow them to participate in potential gains in equities and other variable-rate securities.

The only condition of this offer is that the customer keeps the money in the fund for a 12-month period.

Canada Life, which provides life insurance, saving plans, investment funds and solutions for retirement income, says the defensive managed fund has been leader of its sector since its launch date in February 2003.

"This offer of a one per cent uplift to customers celebrates the three-year anniversary of the fund and its excellent performance," said Alain Wolffe, an executive director from Canada Life.

"At the same time we are also offering a great introduction to the Managed Distribution fund, with its slightly greater exposure to UK Equities than the Defensive Managed fund, and our Index Linked fund."

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