3 January 2018 11:30
Photo : Freepik
Canada Life, a subsidiary of Great-West Lifeco, has completed the acquisition of the Retirement Advantage, a provider of financial services in the United Kingdom. The terms of the transaction were not disclosed.
«This transaction increases the scope and capacity of the Canada Life on the expanding market of retirement income products in the United Kingdom and further strengthens the position of Canada Life as the leading insurer in the Uk,» stresses Paul Mahon, president and chief executive officer of Great-West Lifeco.
Great-West indicates that the transaction is not expected to have a material impact on its financial results, but she will nevertheless benefit.