One of Canada’s largest life insurers, Canada Life, has gone live with Multifonds to support its UK investment accounting operations. The firm successfully migrated over 800 funds over a single weekend and will administer more than £40 billion of assets on the Multifonds platform. The implementation follows the successful migration of Canada Life’s Canadian business to Multifonds and consolidates both books of business totaling $160bn in assets onto a single, scalable global fund accounting platform.

The move to Multifonds frees us from legacy constraints to accelerate our digital transformation and increase operational efficiency.”

Daniel Shaughnessy, Director of Operations and Process Improvement at Canada Life UK