Canada Life has reported a 59 per cent increase in new business to £73 million (€92.7 million) in 2000 compared with £46 million (€58.4 million) in the previous year. This includes a 48 per cent rise in annual premium business and a 82 per cent increase in single premium business during the 12 month period. The company said yesterday that pension business was up by 57 per cent to £34 million.