Group Retirement Services, a division of The Great-West Life Assurance Co. and London Life Insurance Co., has selected Meritas Financial Inc. to be the investment advisor for four new socially responsible investment funds.

Group Retirement Services administers over 8,400 group retirement plans covering 400,000 members.

It has added four new SRI funds to its lineup with a balanced SRI portfolio fund, and three individual equity funds representing Canadian, U.S. and International equity asset classes.

“We have seen a growing demand for funds with a socially responsible mandate from our group pension clients and prospective clients,” said Bill Kyle, vice president of Group Retirement Services for Great-West and London Life. “Adding four funds allows members to choose from a variety of asset classes based on their investment style,” Kyle said.

The portfolio fund can be used in conjunction with the three individual funds to allow individuals to increase the equity component of their SRI portfolio up to 100%.

Gary Hawton, CEO of Meritas Mutual Funds said, “We are very pleased with this new relationship.”