Canada Life has announced two new key appointments.

Peter Towers has been appointed Managing Director, Wealth Management, and Richard Priestley has joined Canada Life as Executive Director, Retirement Income.

Peter Towers will be responsible for the leadership and further development of Canada Life’s onshore and offshore wealth management businesses, including Isle of Man based Canada Life International. Richard Priestley will lead the company’s activities in the retirement income marketplace.

Ian Gilmour, Chief Executive of Canada Life, commented:

“Canada Life has seen strong growth in sales of its accumulation and income offerings in the pre and post retirement markets and we have ambitions to become even more successful. The appointment of Peter Towers and Richard Priestley to spearhead our growth plans signals our intent and they will be instrumental in exploring a range of exciting new opportunities.

“Our products, service and technical expertise are highly regarded by advisers and with this announcement we are making it clear that our strategy is to continue to build on our success to date and to take this to the next level.”