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Industrial Alliance Insurance and Financial Services Group (iA Financial Group) has acquired BMO Group Retirement Services Inc., which provides recordkeeping and administrative services for group retirement plans.
Group retirement plan transfers began on Mar. 22 2016, the day of the acquisition, and are being carried out over a 12o-day transition period, after which BMO Group Retirement Services’ business operations will be wound up.
This article was originally published on Benefits Canada‘s sister publication, Advisor.ca
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