Canada Life Investments cuts fees on Portfolio Funds range

Marchant David Canada Life Investments 2015

Canada Life Investments has reduced the management charges for its multi-asset CF Canlife Portfolio Funds range “to further support the needs” of investors, the firm has announced.

Annual management fees will drop from 0.675 per cent to 0.45 per cent bringing ongoing charges to a range from 0.81 per cent to 1.03 per cent according to the risk profile of each fund.

The five-strong globally diversified range of funds of funds invest primarily in global equity, global fixed income and UK property markets. The portfolio uses digital risk profiler Dynamic Planner to assign risk profiles, which range from three to seven.

The range marked its three-year anniversary in November, with each fund delivering “solid returns” in “challenging environments”, the firm says.

Canada Life chief investment officer and fund manager of the range David Marchant says: “Canada Life Investments’ Portfolio Funds offer a simple, cost-effective way of meeting the long-term needs of investors. Our diversified range of five multi-asset portfolios is designed to provide peace of mind and ongoing suitability to investors.

“By strictly adhering to Dynamic Planner’s asset allocation and reviewing daily and rebalancing as necessary, our risk target managed Portfolio Funds don’t stray from their risk profile; they remain aligned to the client’s risk appetite from the time of making their initial investment and at each subsequent review.”