Canadian windfall
Your support helps us to tell the story
From reproductive rights to climate change to Big Tech, The Independent is on the ground when the story is developing. Whether it's investigating the financials of Elon Musk's pro-Trump PAC or producing our latest documentary, 'The A Word', which shines a light on the American women fighting for reproductive rights, we know how important it is to parse out the facts from the messaging.
At such a critical moment in US history, we need reporters on the ground. Your donation allows us to keep sending journalists to speak to both sides of the story.
The Independent is trusted by Americans across the entire political spectrum. And unlike many other quality news outlets, we choose not to lock Americans out of our reporting and analysis with paywalls. We believe quality journalism should be available to everyone, paid for by those who can afford it.
Your support makes all the difference.Canada Life, the mutual life assurance company with more than 500,000 policyholders, of which 100,000 are in the UK, announced this week that it is to demutualise, with payouts to members worth an average pounds 2,200 each. No date has been fixed for the conversion, which is not expected until next year. The shares will be quoted on Toronto's Stock Exchange.
The flotation raises the stakes among UK mutual insurers which have steadfastly refused to contemplate a stock market listing. Among those thought suitable for flotations or ripe for takeover are Friends Provident, Scottish Provident, Scottish Widows, Liverpool Victoria and National Provident Institution.
Join our commenting forum
Join thought-provoking conversations, follow other Independent readers and see their replies
Comments