Great-West buying Milliman's retirement plan and benefits administration business Great-West strikes deal with Milliman Jun 30, 2026 Jun 30, 2026 Updated 1 hr ago SMS Email The corporate logo for Great-West Lifeco Inc. is shown in an undated handout photo. THE CANADIAN PRESS/HO GAC SMS Email Print Copy article link Save WINNIPEG - Great-West Lifeco Inc. has signed a deal to buy Milliman Inc.'s retirement plan and benefits administration business for US$340 million.The business being acquired provides administration services for defined contribution and defined benefit pensions and health and welfare benefits.Great-West says the deal will help grow its Empower subsidiary, adding about US$130 billion in client assets and 1.5 million plan participants.The acquisition is expected to deliver about US$20 million of cost synergies within three years, the company says. Total integration costs are expected to be about US$50 million.The deal is expected to close in the second half of this year, subject to customary closing conditions and regulatory approvals.This report by ºÃÉ«tvwas first published June 30, 2026.Companies in this story: (TSX:GWO) The ºÃÉ«tv Press SMS Email Print Copy article link Save Tags Business Finance Insurance More Business Stories PepsiCo second quarter profits jump, but demand continues to slip with prices higher Toys "R" Us Canada facing another lawsuit from landlord claiming it's owed rent Doug Ford asks Mark Carney to prioritize 'nation-building' Highway 401 tunnel N.S. on track for 2030 green energy target, Wind West project not yet in development Bondi says human smuggling across the border with Canada is getting worse How a carjacking in Connecticut led back to a man known as the crypto ‘Godfather’ in California +2 Food inflation spiked 7.3% in January. Here's what's driving the increase Canada Post expects to lose 30K employees to retirement, voluntary departures by 2035 +5 A 'sea war' brews off Gambia as desperate local fishermen attack foreign vessels, and each other Alberta-Ottawa agreement on methane targets stokes dismay for some, relief for others You might be interested in Miller calls for rights museum to change wording in Palestinian displacement exhibit +2 Justin Trudeau's youngest son joins 'Son of a Critch' as an extra +6 Harvey Weinstein's New York rape charge dropped after accuser says she can't endure a fourth trial Gun control group renews call for end to sales of SKS rifles after Montreal shooting Sponsored Content +2 For credit unions, reconciliation is a true partnership For many Indigenous communities, access to financial services and economic opportu… Sending money abroad? Here’s how digital transfers work – and why ºÃÉ«tvs are using them Trust in international money transfers has long been tied to physical places: a ba… Similar Stories Canada announces $688M contract for RADARSAT replenishment satellite Poilievre shuffles critic roles in Conservative caucus, moves Chong to finance CRTC launches review into whether Big Three violated new ban on administrative fees
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