Suit alleges policyholder funds wrongly used for 1997 London Life purchase
Life insurer reports strong results across all three business segments
Exposure to Great-West Lifeco and IGM Financial, at a discount, make Power Financial a worthy consideration
Focus to be on its U.S. financial services businesses
Great-West Lifeco Inc. reported a drop in quarterly profit for the third quarter ended September 30, as the company took a $97 million provision for certain Canadian retirement plans.After markets closed Thursday, the life insurance company said Q3 net income was $461 million, or 51.6¢ a share, compared with a profit of $477 million or […]
Great-West Lifeco Inc. announced Friday that it has completed the acquisition of Putnam Investments Trust.“This acquisition allows Lifeco to achieve, with a single transaction, a major presence in the mutual fund and institutional asset management industry in the United States,” said Raymond McFeetors, Great-West Lifeco’s president and CEO. “This acquisition also broadens our operations in […]
Insurer hikes quarterly dividend
Agreement will transfer remaining services for approximately 340 plans
Stable outlook assigned to all ratings
Contracts take effect on conclusion of sale to Great-West Lifeco