Canada Life has added 430 funds from 20 different investment houses to its fund range available through its Retirement Account drawdown platform.

The platform now offers 1,550 funds through the adviser-facing platform and aims to include over 2,000 funds by the end of 2020 to make sure there are no remaining gaps in their investment proposition.

New funds include those from Tavistock Acumen, Sanlam, Rathbones, Tatton Investment Management, Close Brothers Asset Management and Harwood Discovery funds.

The platform has three ranges of investment options available to advisers and their clients. A core range with simple low-cost insured multi-asset funds, a governed range with single and multi-asset funds from established asset managers, and an extended range with more exposure across all investment sectors through direct access to collective investments.

The platform has also established links with Intelliflo and Origo Contract Enquiry Standard which will enable advisers to pull product valuations into 70% of back office systems.

Shelley Greenwood, head of investment proposition, wealth, at Canada Life UK said: “This is a major expansion of the funds available on the platform which will help us meet the needs of a much broader range of advisers and their clients’ needs. From simple, low cost insured passive investing and multi-asset approaches, to protected funds and direct access to collectives, we have most bases covered to help support advisers centralised investment propositions.

“With the heightened awareness and interest in sustainable investing, we’ve taken the opportunity to include some of the leading funds offering various ESG, impact and ethical approaches.”