According to Jeff Macoun, President and Chief Operating Officer of the Company, “We are building on our strong Canadian franchise to become a leading destination for entrepreneurial advisors and their clients. The addition of both Investment Planning Counsel and Value Partners makes our combined organizations among the preeminent wealth providers in Canada”.

The previously announced sale of Investment Planning Counsel (IPC) from IGM to Canada Life for roughly CAD$575 million has been completed, according to Canada Life Assurance and IGM Financial. IPC is an established independent wealth management business.

With 650 advisers, IPC is a prominent wealth dealer and investment organisation that operates on both mutual fund dealer and securities dealer platforms. With the closure of both the IPC and Value Partners Investments, Canada Life today has over 16,000 advisor connections and over $97 billion in Canadian independent wealth management assets under management.

According to Jeff Macoun, President and Chief Operating Officer of the Company, “We are building on our strong Canadian franchise to become a leading destination for entrepreneurial advisors and their clients. The addition of both Investment Planning Counsel and Value Partners makes our combined organizations among the preeminent wealth providers in Canada”.

Canada Life Investment Management Ltd. (CLIML) previously announced plans to consolidate 20 Canada Life mutual funds on or around January 26, 2024. These mergers will make navigating the Canada Life mutual fund portfolio easier for advisers and clients. Investors will benefit from any mergers on a tax-deferred basis.

Group formed an Executive Steering Committee in 2022 to promote coordination, cooperation, and performance around a defined sustainability and impact plan. By 2050, the company’s activities and investments will have achieved carbon neutrality and net zero greenhouse gas emissions. Canada Life is also focusing on diversity, with the goal of raising the presence of women in management roles to 50% by 2030 and underrepresented minorities in managing roles to 25% by 2030.

Earlier in 2022-23, Canada Life Reinsurance increased its worldwide footprint in new areas, notably Asia, while maintaining a focus on core markets through product expansion in Europe and the United States.

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