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.

January 11, 2022

Toronto, January 11, 2022 – Mackenzie Financial Corporation (“Mackenzie Investments” or “Mackenzie”) and Canada Life Investment Management Ltd. (“CLIML”) announced that investors approved the proposed reorganizations (each, a “Reorganization”) outlined below, at special meetings held earlier today.

As a result of the Reorganizations, investors who hold Canada Life series of each Mackenzie Fund indicated below will be transitioned to a corresponding and substantially similar mutual fund managed by CLIML.

The Reorganizations follow a larger set of transactions which occurred on December 31, 2020 whereby Mackenzie transitioned its responsibilities as manager and trustee of the Canada Life Mutual Funds (formerly the Quadrus Group of Funds) and the Canada Life Pathways Funds to CLIML. Further, the Reorganizations were not able to be initiated until a number of tax deferred mergers transitioned Canada Life Series investors to the Funds in July 2021.

Mackenzie Fund Canada Life Fund
Reorganization Date
Mackenzie Global Growth Fund
Canada Life Global Growth Opportunities Fund January 28, 2022
Mackenzie US Small-Mid Cap Growth Fund Canada Life U.S. Small-Mid Cap Growth Fund January 28, 2022
Mackenzie Emerging Markets Fund II Canada Life Emerging Markets Equity Fund January 28, 2022
Mackenzie Ivy European Fund Canada Life European Equity Fund March 11, 2022
Mackenzie Precious Metals Fund Canada Life Precious Metals Fund March 11, 2022

The changes outlined above will have no impact on Mackenzie series investors.

For more information on the Reorganizations, please refer to the management information circular dated December 2, 2021, which is available on the Mackenzie and Canada Life websites and at

About Mackenzie Investments

Mackenzie Investments is a leading investment management firm with approximately $210.3 billion in assets under management as of December 31, 2021. Mackenzie provides investment solutions and related services to more than one million retail and institutional clients through multiple distribution channels. Founded in 1967, Mackenzie is a global asset manager with offices across Canada as well as in Boston, Dublin, London, Hong Kong and Beijing. Mackenzie is a member of IGM Financial Inc. (TSX: IGM), one of Canada's premier financial services companies. For more information, visit

About Canada Life Investment Management Ltd.

CLIML is the fund management subsidiary of The Canada Life Assurance Company, a leading insurance, wealth management and benefits provider focused on improving the financial, physical and mental well-being of Canadians. For more than 170 years, individuals, families and business owners across Canada have trusted us to provide sound guidance and deliver on the promises we’ve made.

On January 1, 2020, Great-West Life, London Life and Canada Life became one company – Canada Life, and today, we proudly serve more than 12 million customer relationships from coast to coast to coast.

For further information, please contact:

Hilary Bassett
Mackenzie Investments

Lara Bergugli
Mackenzie Investments (Quebec)

Liz Kulyk
Canada Life

Featured news

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.

These awards recognize that we’re supporting advisors with the tools and products to help their clients achieve their financial goals.

Canada Life today announced the upcoming retirement of Jeff Macoun, President and COO of its Canadian operations, and the upcoming appointment of Fabrice Morin into the role.