"His deep knowledge of the retirement market and Canada Life will be a great asset as we continue to grow and strengthen our proposition to consumers and advisers"
- Lindsey Rix-Broom, chief executive of Canada Life UK
Peter Maddern has returned to Canada Life UK as managing director of retirement. Peter will start his role from mid-February subject to regulatory approval.
Peter has had a long career at Canada Life, where he has held a variety of roles over 18 years. Most recently, he was vice president of capital management at Canada Life UK’s Canadian parent company. Prior to this, Peter spearheaded Canada Life’s Bulk Purchase Annuities (BPA) strategy and played a pivotal role in the development of Canada Life’s Wealth business during his six years in the wealth management leadership team.
He succeeds Tom Evans, who is leaving the business to pursue a new opportunity. Tom led Canada Life’s home finance business following the acquisition of Retirement Advantage in 2018 and played a key role in bringing together the individual annuity and home finance propositions to form Canada Life’s Retirement business.
Lindsey Rix-Broom, chief executive of Canada Life UK, said: “I am thrilled to welcome Pete back to the UK business as managing director of retirement. He is an exceptional leader, and his deep knowledge of the retirement market and Canada Life will be a great asset as we continue to grow and strengthen our proposition to consumers and advisers, and deliver on our mission to build better financial futures for our retirement customers.
“I would also like to thank Tom for his contribution to Canada Life over the last six years. He leaves the Retirement business in a very strong position, and I am grateful for his leadership and commitment to delivering positive outcomes for our customers, advisers and the business.”
Peter Maddern commented: “I am delighted to be returning to Canada Life UK as managing director of retirement. With increasing life expectancies and an evolving retirement landscape, the needs of our current and future customers are growing and changing. This presents exciting opportunities for Canada Life to further our mission, innovate for the future, and drive forward the business. I am looking forward to leading a talented team and working in partnership with advisers and intermediaries to realise this potential.”
