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 […]
During the global financial crisis, certain real estate funds were suspended because of liquidity constraints, but during the coronavirus downturn, it’s valuation uncertainty that’s causing suspensions, says Steve Marino, senior vice-president of portfolio management at Great-West Life Realty Advisors Inc, a subsidiary of the Canada Life Assurance Co. On March 20, 2020, Canada Life announced […]
While the Canadian retirement industry has spent a lot of time focusing on the accumulation stage, the decumulation conversation is much further behind. For defined contribution pension plans, almost all jurisdictions across the country have now passed variable benefits legislation, including Ontario, which began allowing the option on Jan. 1, 2020. However, despite receiving legal […]
Target-date funds easier, simpler and secure: CAP Benchmark Report