From today, the 25,000+ users of Exweb will be able to access client specific lifestyle annuity rates from Canada Life, adding to the existing service already supported by Just Retirement and Legal & General.

Key benefits of the Exweb annuity service include real-time and indicative rates, standard, smoker and enhanced annuities, comparative results, client specific illustrations and the facility to store and retrieve quotes. Alongside the real-time quote service, advisers also receive standard annuity quotes from 14 other providers.

John Occleshaw, executive director of Life & Pensions, Canada Life commented: "As one of the leading annuity providers in the UK, Canada Life is delighted to be supporting The Exchange. It means that advisers will have 'real time' access to Canada Life annuity quotations, significantly improving the advice process.
Opportunities in the annuity market continue to attract many advisers and this new facility will considerably improve the service on offer. It has already proved a popular and valuable resource for many advisers and now, with the inclusion of Canada Life's award-winning annuities, our competitive quotes will be at their finger tips."

David Child, managing director of The Exchange, added: "Since the launch of our new 'real time' pension annuity service in November last year we have had tremendous feedback. This is the first portal service to give advisers access to real-time rates on lifestyle annuities and we are delighted that more providers are coming on board to support it.