Skip to main content

In the event of a national postal disruption, Canada Life is prepared to help lessen the impact and continue to serve our customers. What you need to know

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 Investment Management Ltd. (CLIML) today announced changes including the change in risk rating and investment strategy for select funds and the management fee reduction of Counsel Money Market, effective July 25, 2025.

Investment Planning Counsel Inc. (IPC), a wholly-owned subsidiary of Canada Life, today announced that it has entered into a definitive agreement to acquire the wealth assets of De Thomas Wealth Management Corp. (De Thomas), reinforcing IPC’s long-term vision of becoming a premier destination for entrepreneurial advisors.

Canada Life and Oak View Group welcomed campers from Boys and Girls Club of London (BGC London) to Canada Life Place and announced a $20,000 joint gift in support of local youth.