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The Great-West Life Assurance Company, London Life Insurance Company and The Canada Life Assurance Company have become one company – The Canada Life Assurance Company. Discover the new Canada Life

The Great-West Life Assurance Company, London Life Insurance Company and The Canada Life Assurance Company have become one company – The Canada Life Assurance Company. Discover the new Canada Life

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Canada Life enhances mutual and segregated fund line-ups with new investment solutions

Move will help investors build more resilient portfolios for changing market conditions, better aligning with their values

Winnipeg, MB, October 23, 2023… Today, The Canada Life Assurance Company (Canada Life) and Canada Life Investment Management Ltd. (CLIML) are announcing enhancements to their segregated fund and mutual fund line-ups.

In response to the increasing demand for more sustainable investment solutions, the companies are making five of the underlying funds from the Canada Life Sustainable Portfolios™ available as standalone responsible investment branded mutual and segregated funds.

“Whether through the products they buy or the companies they do business with, Canadians are telling us they want to make a positive contribution to the world, while also working towards their financial goals – so we’re helping them do exactly that with standalone, responsible investment solutions that seek to align with their values,” said Steve Fiorelli, Senior Vice-President, Wealth Solutions, Canada Life and Chief Executive Officer, CLIML. “It’s another way that Canada Life is affirming its commitment to responsible investing, while helping Canadians meet their financial planning needs.”

Also, effective today, Canada Life is announcing an enhancement to its segregated fund shelf with the addition of the Diversified Real Assets fund. This move follows a similar announcement for its mutual fund shelf earlier in 2023 and represents another step forward on Canada Life’s journey to build a leading wealth management offering that equips advisors with the right investment line-up to meet their clients’ evolving needs.

“Recently, we’ve seen inflation at 40-year highs, and experienced considerable market volatility. Given these changing market environments, offering diverse product options is more important than ever. With this new addition to our segregated fund shelf, we’re further bolstering the options for advisors and their clients. It means more investment opportunities to help meet clients’ unique long-term goals – no matter what the market brings.”

Other changes effective today include reopening Emerging Markets Equity segregated fund to new investors and the addition of Global Small-Mid Cap Growth to our segregated fund line-up. These changes provide further investment options and will help advisors meet clients’ evolving needs and long-term goals.

As Canada Life is constantly growing and adapting its segregated fund shelf to make it more cohesive and easier to navigate, effective today 12 segregated funds have been renamed to remove the Pathways brand name from the line-up. This move will make it easier for advisors to focus on what they do best – building client relationships and generating future sales.


These funds are available through a segregated funds policy issued by The Canada Life Assurance Company. Standalone responsible investment branded funds are also available as a mutual fund managed by Canada Life Investment Management Ltd. offered exclusively through Quadrus Investment Services Ltd.  Make your investment decisions wisely. Any amount allocated to a segregated fund is invested at the risk of the policyowner and may increase or decrease in value. Commissions, trailing commissions, management fees and expenses all may be associated with mutual fund investments. Please read the prospectus before investing. Mutual funds are not guaranteed, their values change frequently, and past performance may not be repeated.

About The Canada Life Assurance Company

Canada Life is a leading insurance, wealth management and benefits provider focused on improving the financial, physical and mental well-being of Canadians. For more than 175 years, individuals, families and business owners across Canada have trusted us to provide sound guidance and deliver on the promises we’ve made.

Today, we proudly serve more than 13 million customer relationships from coast to coast to coast.

Follow us on FacebookTwitterInstagramYouTube and LinkedIn.

About Canada Life Investment Management Ltd.

Canada Life Investment Management is an investment management firm offering wealth management products and services for individuals, families and business owners. The funds are sub-advised by leading asset managers, providing access to specialized investment expertise from around the world. CLIML is a subsidiary of The Canada Life Assurance Company. Learn more.

For more information, contact:

Liz Kulyk
AVP, Media & Public Affairs
The Canada Life Assurance Company

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Canada Life, IG Wealth Management and Power Corporation of Canada today announced a $500,000 donation to support the Health & Homelessness Fund for Change in honour of Jeff Macoun’s over 40 years of service to Canada Life.