Total sales growth at Canada Life UK in 2025 climbed 17% to £5.2bn, the firm revealed in annual results published today.
It said the growth was driven by record sales within its international wealth and retirement businesses.
The firm said its international wealth business posted sales growth of 42% year-on year, driven by strong customer demand for international products and changes to the UK tax landscape.
In its retirement business, individual annuities made 17% growth, as customers and advisers increasingly incorporate annuities into wealth planning strategies, it said.
Its home finance business achieved 50% growth, driven by a growing market and a disciplined approach to pricing, it said.
Group protection sales growth was up 4% while assets under management were more than £39bn as of 31 December 2025.
Emma Watkins, chief executive of Canada Life UK, said: “2025 has been a year of significant strategic progress, underpinned by strong sales growth.
“Our strategic investment in core capabilities, technology and product enhancements, and customer experience ensures we are well positioned to seize the growth opportunities ahead.
“I am excited to lead Canada Life UK through this next phase of progress.”
The company said its investment within bulk purchase annuities (BPA) drove positive momentum, driving £800m in deals in Q4 2025.
It said deal sizes ranged from £40m to £330m in the quarter.