Empower Retirement – Benefits Canada.com https://www.benefitscanada.com Canada's most influential pension and benefits publication for decision-makers Fri, 22 Nov 2024 17:04:24 +0000 en-US hourly 1 https://wordpress.org/?v=4.9.8 Great-West Lifeco subsidiary acquiring Prudential Financial’s retirement business for $4.45BN https://www.benefitscanada.com/news/bencan/great-west-lifeco-subsidiary-acquiring-prudential-financials-retirement-business-for-4-45bn/ Thu, 22 Jul 2021 13:00:26 +0000 https://www.benefitscanada.com/?p=104487 Empower Retirement, the U.S. subsidiary of Great-West Lifeco Inc., is purchasing Prudential Financial Inc.’s full-service retirement business for $4.45 billion in a bid to deepen its presence in the U.S. market. The deal made by the Winnipeg-based company includes about $2.6 billion of capital to support the business and will reinforce its position in the […]

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]]> Great-West Lifeco subsidiary buys MassMutual retirement services business https://www.benefitscanada.com/canadian-investment-review/investments-other/great-west-subsidiary-buys-massmutual-retirement-services-business/ https://www.benefitscanada.com/canadian-investment-review/investments-other/great-west-subsidiary-buys-massmutual-retirement-services-business/#respond Tue, 08 Sep 2020 04:52:44 +0000 https://cumulus.benefitscanada.com/uncategorized/great-west-subsidiary-buys-massmutual-retirement-services-business/ Great-West Lifeco Inc. subsidiary Empower Retirement has signed an agreement to buy the retirement services business of Massachusetts Mutual Life Insurance Co. in a transaction valued at about $4.4 billion. The company says the deal will strengthen Empower’s position as the second largest player in the U.S. retirement market. The deal follows an announcement in […]

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