Skip to main content

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

Your web browser is out-of-date. For the best experience, please update to a modern browser like Chrome, Edge, Safari or Mozilla Firefox.

Freedom 55 Financial is a division of The Canada Life Assurance Company and the information you requested can be found here.

Canada Life Investment Management Ltd. announces proposed mutual fund mergers

London, ON, November 15, 2024. . . Canada Life Investment Management Ltd. (CLIML), today announced its proposal to merge three mutual funds in its Counsel Portfolios lineup, subject to unitholder approval.

Fund Mergers

CLIML is proposing the following fund mergers:

Terminating Fund
Continuing Fund
Counsel Retirement Preservation Portfolio
Counsel Conservative Portfolio
Counsel Retirement Foundation Portfolio
Counsel Balanced Portfolio
Counsel Retirement Accumulation Portfolio
Counsel Growth Portfolio


Terminating Fund investors of record as of Dec. 5, 2024 will receive a notice of meeting of investors to be held on or about Jan. 22, 2025.  If approved, the mergers are expected to be executed on or about January 31, 2025.

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. Learn more.

For more information, contact:

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

Featured news

Canada Life and the Seven Oaks General Hospital Foundation announced a shared commitment to helping improving health outcomes for Manitobans. Canada Life will be contributing $100,000 over several years to support the Foundation’s commitment to improving the health and well-being of the community through innovative research, chronic disease prevention, treatment, rehabilitation, and wellness programming.

Canada Life is enhancing its participating (par) whole life insurance offering, building on its leadership in the market by increasing flexibility and supporting long‑term planning for advisors and their clients with improved early and long-term values.

Canada Life Investment Management Ltd. (CLIML) today announced the results of special meetings held on April 10, 2026, where investors approved the fund mergers set out below. The mergers are expected to be executed on or about April 24, 2026.