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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 Investment Management Ltd. announces changes to the Counsel Portfolios

London, ON, October 29, 2024 Canada Life Investment Management Ltd. (CLIML), fund manager for the Counsel Portfolios, today announced changes reflected in the renewal and newly consolidated simplified prospectuses for the Counsel and IPC funds.

The following funds are being renamed effective Oct. 29, 2024. There are no changes to their investment objectives or risk ratings.

Former fund name New fund name
IPC Monthly Income Portfolio Counsel Monthly Income Portfolio
IPC Conservative Income Portfolio Counsel Conservative Income Portfolio
IPC Essentials Income Portfolio Counsel Essentials Income Portfolio
IPC Essentials Balanced Portfolio Counsel Essentials Balanced Portfolio
IPC Essentials Growth Portfolio Counsel Essentials Growth Portfolio
IPC Focus Conservative Portfolio Counsel Focus Conservative Portfolio
IPC Focus Balanced Portfolio Counsel Focus Balanced Portfolio
IPC Focus Growth Portfolio Counsel Focus Growth Portfolio
IPC Focus Equity Portfolio Counsel Focus Equity Portfolio
IPC Global Income & Growth Portfolio Counsel Global Income & Growth Portfolio
IPC High Interest Savings Fund Counsel High Interest Savings Fund
IPC Multi-Factor Canadian Equity * Counsel Multi-Factor Canadian Equity
IPC Multi-Factor U.S. Equity * Counsel Multi-Factor U.S. Equity
IPC Multi-Factor International Equity * Counsel Multi-Factor International Equity
These funds are not offered under a simplified prospectus.


In addition, the following funds are now available for investors in Quebec:

English fund name French fund name
Counsel All Equity Portfolio Portefeuille toutes actions Counsel
Counsel Balanced Portfolio Portefeuille équilibré Counsel
Counsel Canadian Value Valeur canadienne Counsel
Counsel Conservative Portfolio Portefeuille conservateur Counsel
Counsel Global Dividend Dividende mondial Counsel
Counsel Growth Portfolio Portefeuille croissance Counsel
Counsel High Yield Fixed Income Revenu fixe à rendement élevé Counsel
Counsel International Growth Croissance internationale Counsel
Counsel International Value Valeur internationale Counsel
Counsel Money Market  Marché monétaire Counsel
Counsel Retirement Accumulation Portfolio Portefeuille accumulation de retraite Counsel
Counsel Retirement Foundation Portfolio Portefeuille fondation de retraite Counsel
Counsel Retirement Preservation Portfolio Portefeuille préservation de retraite Counsel
Counsel Short Term Bond Obligations à court terme Counsel
Counsel U.S. Growth Croissance américaine Counsel
Counsel U.S. Growth Equity Actions américaines de croissance Counsel
Counsel U.S. Value Valeur américaine Counsel


CIBC Mellon Trust Company has been appointed as the custodian for the Counsel Portfolios, replacing Canadian Imperial Bank of Commerce (CIBC).

These changes do not impact the management of the Counsel Portfolios. No action is required on the part of investors or advisors.

On Oct. 1, CLIML became the manager, trustee, portfolio manager and promoter for the Counsel Portfolios following the amalgamation with Counsel Portfolio Services Inc.

About Canada Life Investment Management Ltd.

Canada Life Investment Management Ltd. (CLIML) 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. 

For more information, contact:

Leezann Freed-Lobchuk
Director, Media Relations, Canada Life
Media.Relations@canadalife.com

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