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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 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 Investment Management Ltd. (CLIML) today announced a series of mutual fund mergers effective on or about April 24, 2026 (the “Proposed Mergers”), subject to unitholder approval. The Proposed Mergers are designed to streamline the fund lineups for advisors and their clients. All Proposed Mergers will be done on a tax-deferred basis.

The Canada Life Assurance Company and Canada Life Investment Management Ltd. (together, "Canada Life") had four mutual funds and 34 segregated funds recognized by Fundata at the 2025 FundGrade A+ Awards.

Investment Planning Counsel Inc. (IPC), a wholly-owned subsidiary of Canada Life, announced the closing of its purchase of the wealth assets of De Thomas Wealth Management Corp. (De Thomas).