Canada Life Defensive Managed Fund enhanced

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Canada Life Defensive Managed Fund enhanced

The Canada Life Defensive Managed Fund has seen changes today, with investors being offered an extra one per cent allocation on new investments.

This means that the increased value of a fund in which a customer invests has risen by one per cent.

For instance, if £100,000 were invested, previously this would have been allocated at 105 per cent, meaning that the fund value would have been £105,000. Now, however, the fund value after allocation would be £106,000 following the one per cent increase.

The offer is also available for customers who do not want to invest so much in one fund, as the money they put in can be split between the Managed Distribution and Index Linked funds, which have also had the offer placed on them, as well as other options.

Alain Wolffe, executive director of wealth management and marketing at the company, said that the offer made on the Canada Life Defensive Managed Fund was indicative of the fund's success.

"The Defensive Managed Fund has been a leader in its sector from the launch date. This offer of a one per cent uplift to customers celebrates the three-year anniversary of the fund and its excellent performance," Mr Wolffe said.

The only condition set on the new offer is that the customer retains their investment in the fund for at least 12 months.