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Through Empower Retirement and Great-West Investments, we will have Fiduciary Trust Company, a wealth adviser and investment management. National Trust have a number of different properties and gardens along the Great West Way throughout the Thames, Berkshire, Wiltshire, Bath and Bristol. CNW/ - Great-West Lifeco Inc. ("Lifeco") announced today that it intends to proportionate share of the Limited Recourse Trust's assets.

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Great-West Life Real Estate Fund

Established in 1981, the Great-West Life Real Estate Fund is one of Canada’s largest real estate segregated funds. The Great-West Life Real Estate Fund (also known as the Canadian Real Estate Investment Fund No. 1 (or CREIF)) invests in a portfolio of high-quality, income-producing properties diversified by type and location. The objective is to provide investors with strong income returns and the opportunity for long-term capital appreciation. 

 

Fund Performance

as of  September 30, 2021 

$6.0B

in real estate assets

Source of Return

2012201320142015201620172018201920202021
Income5.2%4.7%4.8%4.5%4.5%4.5%4.3%4.2%3.8%2.8%
Capital14.5%6.1%2.6%0.1%0.9%1.8%2.7%4.9%(1.3)%4.9%
Total19.7%10.8%7.4%4.7%5.4%6.3%7.1%9.2%2.5%7.7%

Compound rates of return

(gross of investment management fees)
Three Month - Q33.16%
Year-to-date 7.69%
One Year9.20%
Three Year6.95%
Five Year6.84%
Ten Year8.49%

Diversification by property type

Retail10.1%
Office33.2%
Industrial26.2%
Residential24.6%
Other5.9%

By property type (millions)

Retail10.1%$594
Office33.2%$1,960
Industrial26.2%$1,547
Residential24.6%$1,451
Other5.9%$347

Diversification by region

British Columbia10.6%
Alberta10.6%
Prairies1.4%
Ontario67.6%
Quebec8.5%
Atlantic1.0%
U.S.0.3%

By region (millions)

British Columbia10.6%$623
Alberta10.6%$624
Prairies1.4%$82
Ontario67.6%$3,997
Quebec8.5%$502
Atlantic1.0%$56
U.S.0.3%$15

Quarterly Highlights

Q3 2021 Great-West Life Real Estate Fund Bulletin

The Canadian Real Estate Fund No.1 capped off the third period of 2021 by posting a gross quarterly return of 3.2%, raising the year-to-date figure to 7.7% and the trailing twelve-month mark to 9.2%.   Income returns remained steady as occupancy in the portfolio improved to better than 91% while the Industrial component of the Fund continued to drive robust capital performance.  Key takeaways from the third quarter follow.

 

Home Depot Distribution Ctr, Calgary, AB
1 Adelaide Street, Toronto, ON
Vancouver Centre II, Vancouver, BC

Located in South East Calgary, AB, and leased to Home Depot on a long-term basis, the Fund completed a $70M, ten-year loan on the 1.1 million square foot distribution centre at a fixed interest rate of 2.6%.  The facility features interest only payments for the full term, preserving efficient leverage and improving the Fund’s LTV by 70 bps to 18.3%. 

 

GRESB is the global environmental, social and governance (ESG) benchmark for real assets. The 2021 benchmark covers more than 1,520 property companies, representing US $5.7 trillion in real asset value.

In Q3, the Fund made its fourth submission into the Global Real Estate Sustainability Benchmark (GRESB), and it was recognized as a top performer. The Fund earned a GRESB ‘5 Star’ (top quintile) rating and placed among the top 11% of participants in the ‘Diversified/Non-listed/Core’ category. The Fund attained full marks in GRESB’s ‘Management Component’ for its robust ESG leadership, policies, reporting, risk management, and stakeholder engagement activities.

Located at the southeast corner of Yonge and Adelaide in Toronto, ON, the property includes 1 Adelaide Street East, a 30-storey LEED® Gold certified office tower, 20 Victoria Street, a nine-storey boutique office building, and 85 Yonge Street, a three-storey retail building.  In Q3 the asset was awarded the “The National Outstanding Building of the Year (TOBY)” for Office Buildings in the 500,000 sq ft to 1 million sq ft category.  Judging is based on building standards; community impact; tenant relations; energy conservation; environmental, regulatory and sustainability practices; emergency preparedness and security standards. 

Also in Q3, the building participated in the Rick Hansen Foundation’s ‘Buildings Without Barriers Challenge’ and attained the Rick Hansen Foundation Accessibility Certification (RHFAC). Through participation in the Challenge, the Fund manager was able to demonstrate to employees and tenants its commitment to creating accessible spaces for all.  

 

After a pause through the first couple of quarters of the pandemic, Q3 Canadian investment activity picked up where it left off and produced the third highest volume on record*.   Development forms a key component of Fund strategy as it provides the ability to deliver premium risk adjusted returns in an otherwise extremely competitive investment market.  From recently completed projects such as Livmore at High Park Village (https://livmorehighpark.com) to active sites like Vancouver Centre II  (https://www.vancouvercentre.com ) and a significant long-term pipeline, the Fund is well positioned to continue to grow in prioritized markets and asset classes through its market leading development platform. 

*CBRE

The Segregated Funds described in this bulletin are offered through a variable insurance contract issued by The Canada Life Assurance Company.

Please note that unit values and investment returns will fluctuate, and past performance is not necessarily indicative of future performance.

For IVIC investors: A description of the key features of the segregated fund policy is contained in the information folder.

Downloads

Past Performance Reports

Quarterly Bulletins

Annual Reports

Canadian Real Estate Investment Fund - Annual Report 2020PDF (6 MB)
Canadian Real Estate Investment Fund - Annual Report 2019PDF (5 MB)
Canadian Real Estate Investment Fund - Annual Report 2018PDF (4 MB)
Canadian Real Estate Investment Fund – Annual Report 2017PDF (4 MB)

Want to Invest?

Contact a Great-West Life advisor to invest in the Great-West Life Real Estate Fund.

Источник: https://www.gwlrealtyadvisors.com/invest-with-us/great-west-life-real-estate-fund/

The Faceoff: Manulife and Great-West Lifeco provide many types of insurance, but is either a good investment?

Manulife triples its net income in the second-quarter fiscal 2021

Named after the previous governor of Massachusetts, and a slang term for a signature, John Hancock is a life insurance company based in Boston that was acquired by Manulife in 2004. John Hancock was founded in 1862 and currently offers insurance, investment and retirement solutions.

Manulife and its subsidiaries provide financial products and services around the world through its wealth and asset management, insurance and annuity, corporate and other segments.

In its second-quarter fiscal 2021 results released Aug. 4, Manulife reported revenue of $25.8 billion, down from $27.5 billion in 2020. Net income for the quarter is up to $2.7 billion, from $839 million the prior year driven by a reduction in net benefits and claims to $18.1 billion, from $22.7 billion in 2020.

Kenneth Lester, retired finance lecturer at the Desautels Faculty of Management at McGill University, said that insurance companies thrive with high interest rates, which is opposite to Canada’s current environment.

“The big game in insurance is that you collect premiums and invest it before you have to pay out claims. The higher the interest rate environment the better it is for insurance companies as they are reinvesting the premium,” Lester said.

“Insurance companies also have an obligation to match liabilities. They are not allowed to play the market (too much) as the have to buy virtually risk-free bonds to match future liabilities,” Lester said, adding that “if you look at a chart of fixed income, the 30-year (bonds) are lower than they should be as there is huge demand for 30-year bonds by insurance companies that want to lock in gain for their long-term liabilities.”

As for the risk of an insurance company going belly-up, Lester notes that “even if an insurance company does go bankrupt, the policies have to support themselves by the matched liabilities.”

Great-West Lifeco’s subsidiary acquires ClaimSecure

While no two insurance companies are exactly the same, the reluctance to pay out claims is systemic. In a press release on Sept. 1, Great-West Lifeco subsidiary, Canada Life, announced it completed its acquisition of ClaimSecure. This increases Canada Life’s plan members by more than 1.25 million individuals with more than $1.2 billion in annual claim payments.

Great-West Lifeco is a subsidiary of Power Financial Corp. and is engaged in life and health insurance, reinsurance, retirement and investment services and asset management in Canada, the United States and Europe.

In its second-quarter fiscal 2021 results, the company reported total revenues of $18 billion, down from $19.7 billion in 2020. Overall net income was $817 million for the quarter, down from $897 million due to an increase in earnings attributable to noncontrolling interests.

David Soberman, a professor of marketing at the Rotman School of Management at the University of Toronto, notes there are three trends in the insurance industry: amalgamation and one-stop shopping, digital communication and connectedness, and price comparison and pressure.

“Many of the insurance companies that consumers deal with now provide different types of insurance,” Soberman said, adding that “mergers have allowed insurers to engage in one-stop shopping, which is referred to in the insurance industry as cross-selling. When you have a relationship with a customer, (cross-selling) allows (insurers) to deepen its relationship by selling more things to them.”

In terms of digital connectedness, “social media has become very important in the insurance industry as a way of informing people of products that may be relevant to them and creating links (targeted at) the right people,” Soberman said.

“One of the things that has changed in (the insurance business) is how easy it is to get competitive quotes. (Further to this), some insurance companies only offer their products online,” Soberman said, adding that insurance companies now face pressure to compete online and to ensure the privacy of sensitive information transmitted via the internet.

Bottom line

With a net income more than three times that of the prior year, Manulife’s second-quarter fiscal 2021 got a boost from a decrease in net benefits and claims. Great-West Lifeco, on the other hand, experienced a decrease in its net income in the second-quarter fiscal 2021 compared to the prior year as the earnings attributable to noncontrolling interests increased. Manulife gets the thumbs-up this week for its ability to increase its bottom line, despite a reduction in revenues.

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Источник: https://www.thestar.com/business/opinion/2021/09/25/the-faceoff-manulife-and-great-west-lifeco-provide-many-types-of-insurance-but-is-either-a-good-investment.html

Empower's $3.4 billion deal ups total assets to $1.4 trillion, a distant second to Fidelity's $3.2 trillion in administered assets.

Robert Reynolds and Edmund F. Murphy III both left long careers at Fidelity Investments with an eye on recreating the magic of the Boston giant's retirement business at deep-pocketed Great-West Lifeco of Canada. 

But despite a near decade-long spending spree that saw the merger in 2014 of Great-West Financial, JPMorgan Chase, and Putnam Investments record-keeping units into a single subsidiary--Empower Retirement-- their chief rival has proved to be an elusive target. See: Bob Reynolds strikes again in his 401(k) quest -- this time buying JPMorgan's retirement recordkeeping business

Empower this week announced its fifth acquisition in a little over a year, a $3.55 billion deal for Prudential's record-keeping business that will add more than 4,300 workplace savings plans, about 4 million plan participants and $314 billion in assets. 

“[Prudential has]  been looking to sell their recordkeeping business because they didn’t see it as an attractive business to retain," says Shawn O'Brien, senior analyst with Boston-based Cerulli Analysts. 

Firms are getting rid of their 401k recordkeeping units because a ban on revenue sharing killed their margins and limitations on pushing proprietary products hurt their viability as loss leaders, he adds. 

"Record-keepers can't deploy these revenue-sharing arrangements as they could five years ago." 

Scale game

Empower spokesman Stephen Gawlik says Prudential is plenty attractive for its ability to solidly serve a mature clientele.

"We believe it's highly regarded in the industry. It's a very robust retirement plan. They have a terrific tenure of clients and the average was 17 years."

The latest deal brings the Greenwood, Colo 401(k) record-keeper up to $1.4 trillion under administration, or just about where Fidelity's retirement service was in... 2015. Fidelity has since grown to $3.2 trillion, an inside source says.

That leaves Empower still a distant second in what has become a purely scale game.

"There is very little differentiation in the services or in the pricing. The result is that 'scale' is the only growth path," says Louis Harvey, president of Boston-based Dalbar Inc.

Time to reassess?

Reynolds is now president and CEO of Putnam Investments and Murphy is president and CEO of Empower Retirement. After 24 years, Reynolds left behind his job as Fidelity Vice Chairman and Fidelity Investments COO to join Putnam in 2008.

Lou Harvey

Murphy, a 17-year Fidelity veteran, followed a year later. 

Great-West Lifeco began its acquisition spree 2003 when it purchased Canada Life Financial for $4.7 billion and Putnam Investment Trust four years later for $3.9 billion. It added a health network in the mix but sold it to CIGNA in 2008.

Since 2014, the modern iteration of Empower Retirement has been an indirect wholly-owned subsidiary of Great-West Lifeco US.

If wholesale acquisitions are the linchpin of its strategy to add scale; then it may have to reassess. 

Fidelity has added $500 million of 401(k) and 403(b) assets in just the past six months alone (ended June 30), mostly through organic growth. 

While market gains added an estimated $115.5 billion in new assets to its platform in 2020, Fidelity still has 30,000 plan sponsors. See: Fidelity Investments flies past staggering $10T milestone, but Schwab, finally fully loaded with Q1 results from TDA merger, steals some of the Boston giant's thunder

Mike Alfred, co-founder of Brightscope, a 401(k) plan tracker, says Empower has at least one distinct advantage. 

"Empower is the more focused and hungry player," he notes. 

Indeed, since June last year, it has acquired  Personal Capital, an investment and wealth management adviser, for $825 million; the retirement plan business of MassMutual for $4.4 billion, Trust Bank's SunTrust 401(k) recordkeeping business and Fifth Third Bank's recordkeeping business. See: IPO dreams die, but Personal Capital gets '$1 billion' price tag from life insurance giant's 401(k) unit that includes a de facto discount from early-bird VC dollars

Size counts

Empower's success has been creating a giant company by merging these tiny firms, says Alfred. 

Mike Alfred

"After rolling together the retirement businesses of Great-West, Putnam, JPM, MassMutual, Fifth Third and Prudential, Empower has bulked up to become the most formidable player in the record-keeper ecosystem." 

In comparison, Fidelity's path has been organic for decades building out its retirement business but also its wealth management business and all of its lines of business, O'Brien says.

Fidelity, by dint of its business lines and size ($10.4 trillion in total assets), has the ability to grow organically as part of a grander mosaic that is all but impossible to replicate.

"Fidelity can do virtually anything," O'Brien says.

"They can do recordkeeping; they can do IRAs; they're a custodian. They can provide wealth management, financial planning. They're a reputable asset manager. They cover virtually all areas of the retirement landscape and not many providers can do that."

Fidelity also wins because it pours resources into its business to insure it has a bigger, better offering, says Michael Shamrell, a Fidelity spokesman.

Empower's leaders offer another advantage because of their ingrained knowledge of the Fidelity way, Alfred says.

"Bob and Ed's vision to build a true competitor to Fidelity is coming to fruition," he says. 

"With scale comes cost savings and advantages; larger technology investments; stronger participant-facing capabilities and more effective rollover capture.

It's a two-horse race at this point, and Empower seems hungrier," he adds.

Distruptive change

The retirement business has been fragmented for years. Trailing Fidelity and Empower are TIAA-CREF with $656.5 billion as of Sept. 30, 2020, and Vanguard Group Inc., with $592.7 billion in assets, according to Pensions and Investments. 

The wholesale exodus of long-time players is also opening the door to upstarts, O'Brien says.

New York-based startup Vestwell, an online recordkeeper, just raised $70 million in its latest venture capital raise. See: Third-party investors throw another $70 million at Vestwell, after 401(k)-type plans using its administration and recordkeeping services tripled over the past year

One thing that is certain more consolidation will occur, says Harvey.

The outcome of the Empower/Fidelity horse race will be determined by one of two factors: Market disruption or more acquisitions." 

"Both firms have the ability to be disruptive by changing the service/pricing model. My guess is that this will come in the form of in-plan retirement services and changing from an investment-based revenue model," Harvey adds. 

No people referenced

Great West

Great-West Trust Drive Balanced Fund Fund

Sortino Ratio 1 Year8.29 Trailing Return YTD - Year to Date11.33 Tracking Error 3 Years2.27 Sortino Ratio 3 Years1.55 Tracking Error 5 Years1.91 R-Squared (R²) 3 Years97.68 Capture Ratio Up 3 Years102.89 Sortino Ratio 1 Year8.29 Trailing Return 2 Years10.08 Trailing Performance 1 Week-2.39 Beta 1 Year1.06 Trailing Performance 3 Years41.79 Capture Ratio Down 5 Years111.04 R-Squared (R²) 1 Year95.67 Trailing Return 1 Year26.29 Beta 1 Year1.06 Sortino Ratio 5 Years1.45 Average Gain 5 Years2.08 Risk adjusted Return 3 Years10.71 Average Gain 3 Years2.73 Information Ratio 3 Years-0.14 Average Loss 1 Year-1.44 Beta 5 Years1.11 Risk adjusted Return 3 Years10.71 Risk adjusted Return Since Inception9.56 Average Loss 1 Year-1.44 Information Ratio 1 Year1.25 Trailing Return 6 Months4.29 Batting Average 3 Years52.78 Batting Average 1 Year58.33 Average Gain 1 Year2.59 Trailing Return Since Inception8.84 Batting Average 5 Years53.33 Trailing Performance 6 Months1.01 Maximum Loss 5 Years-15.80 Low 1 Year12.73 Average Gain 3 Years2.73 R-Squared (R²) 1 Year95.67 Beta 1 Year1.06 Tracking Error 1 Year2.04 Treynor Ratio 5 Years9.11 Capture Ratio Down 5 Years111.04 Maximum Loss 1 Year-2.80 Alpha 1 Year0.91 Capture Ratio Up 1 Year106.17 Tracking Error 3 Years2.27 Trailing Return 2 Years12.32 Capture Ratio Up 5 Years103.53 Trailing Return 2 Months2.40 Information Ratio 5 Years-0.11 Average Loss 5 Years-2.73 Correlation 3 Years98.84 Capture Ratio Up 5 Years103.53 Trailing Return 1 Month1.16 Alpha 5 Years-1.22 Information Ratio 5 Years-0.11 R-Squared (R²) 5 Years97.67 Trailing Return 3 Months2.56 Maximum Loss 1 Year-2.80 Maximum Loss 3 Years-15.80 Tracking Error 5 Years1.91 Trailing Return 3 Months4.24 Average Loss 3 Years-3.13 Trailing Return 2 Years14.39 Batting Average 5 Years53.33 Information Ratio 1 Year1.25 Treynor Ratio 3 Years11.36 Treynor Ratio 5 Years9.11 Low 1 Year13.46 High 1 Year15.84 Information Ratio 5 Years-0.11 Risk adjusted Return Since Inception9.56 Correlation 5 Years98.83 Maximum Loss 1 Year-2.80 Treynor Ratio 5 Years9.11 Trailing Return 3 Years13.60 Trailing Return 2 Months0.38 Average Loss 3 Years-3.13 Maximum Loss 5 Years-15.80 Trailing Return 2 Months0.13 Treynor Ratio 1 Year24.01 Trailing Return 6 Months8.29 Correlation 1 Year97.81 Trailing Return Since Inception9.25 Trailing Return 1 Year25.08 Trailing Return Since Inception10.64 Capture Ratio Down 1 Year83.39 Trailing Return YTD - Year to Date15.08 Capture Ratio Down 1 Year83.39 Trailing Performance 1 Year13.39 Alpha 5 Years-1.22 Trailing Return 9 Months16.95 Information Ratio 1 Year1.25 Correlation 1 Year97.81 Average Gain 5 Years2.08 Average Loss 5 Years-2.73 Trailing Return 5 Years11.26 Alpha 1 Year0.91 Tracking Error 1 Year2.04 Average Gain 5 Years2.08 Alpha 3 Years-1.52 Capture Ratio Down 3 Years109.62 Risk adjusted Return 5 Years8.80 R-Squared (R²) 3 Years97.68 Trailing Return 1 Month3.28 Average Gain 3 Years2.73 Trailing Return 4 Years7.62 Beta 3 Years1.11 Correlation 1 Year97.81 Trailing Performance 4 Years41.34 Performance since Inception79.50 Trailing Return 9 Months11.40 Alpha 5 Years-1.22 Capture Ratio Up 5 Years103.53 Capture Ratio Up 1 Year106.17 Correlation 5 Years98.83 Trailing Performance 3 Months-1.43 Capture Ratio Up 1 Year106.17 Performance Current Year9.32 Trailing Return YTD - Year to Date17.71 Risk adjusted Return 5 Years8.80 R-Squared (R²) 5 Years97.67 Treynor Ratio 3 Years11.36 High 1 Year16.75 Batting Average 1 Year58.33 Beta 3 Years1.11 Tracking Error 5 Years1.91 Batting Average 3 Years52.78 Trailing Return 5 Years10.07 Batting Average 5 Years53.33 Beta 5 Years1.11 R-Squared (R²) 1 Year95.67 Sortino Ratio 3 Years1.55 Trailing Performance 5 Years65.44 Capture Ratio Down 3 Years109.62 Capture Ratio Down 5 Years111.04 Trailing Performance 2 Years26.59 Batting Average 3 Years52.78 Beta 3 Years1.11 Average Loss 1 Year-1.44 Alpha 3 Years-1.52 Maximum Loss 5 Years-15.80 Treynor Ratio 1 Year24.01 Alpha 3 Years-1.52 Trailing Return 4 Years9.99 R-Squared (R²) 3 Years97.68 Risk adjusted Return 3 Years10.71 Trailing Return 4 Years10.17 Trailing Return 3 Years12.80 Capture Ratio Down 1 Year83.39 Average Loss 5 Years-2.73 Information Ratio 3 Years-0.14 Correlation 3 Years98.84 Capture Ratio Up 3 Years102.89 Capture Ratio Up 3 Years102.89 Trailing Return 5 Years9.52 Treynor Ratio 3 Years11.36 Average Gain 1 Year2.59 Maximum Loss 3 Years-15.80 Average Loss 3 Years-3.13 Average Gain 1 Year2.59 Sortino Ratio 3 Years1.55 Trailing Return 1 Month3.43 Sortino Ratio 5 Years1.45 Tracking Error 1 Year2.04 Trailing Return 3 Years10.02 Trailing Return 9 Months14.42 Risk adjusted Return 5 Years8.80 Tracking Error 3 Years2.27 R-Squared (R²) 5 Years97.67 Sortino Ratio 1 Year8.29 Sortino Ratio 5 Years1.45 Information Ratio 3 Years-0.14 Trailing Return 1 Year25.46 Capture Ratio Down 3 Years109.62 Trailing Return 3 Months1.73 Correlation 3 Years98.84 Risk adjusted Return Since Inception9.56 Treynor Ratio 1 Year24.01 Batting Average 1 Year58.33 Trailing Return 6 Months4.10 Maximum Loss 3 Years-15.80 Beta 5 Years1.11 Low 1 Year14.73 Alpha 1 Year0.91 Correlation 5 Years98.83 Trailing Performance 1 Month-1.81 High 1 Year18.33
Источник: https://markets.businessinsider.com/funds/great-west-trust-drive-balanced-fund-us3914103706

Leavitt Great West Insurance

Insurance the Great West Trusts

Leaving Nothing You Value to Chance

We're experienced insurance advisors who live, work, and give back - right here in Montana. You need insurance to fit your unique company and we'll help you leave nothing you value to chance. We focus on employee benefits, farm, crop, and energy insurance.

Office locations
Billings, Bozeman, Choteau, Conrad, Cut Bank, Great Falls, Helena, Kalispell, Livingston, Shelby

Trusted by our local friends

  • Roy Strong Client Portrait

    “The team at Leavitt Great West has done an outstanding job of meeting the business insurance needs of Ortho Montana for many years. Their character, enthusiasm and in-depth knowledge of insurance products makes all the difference when navigating the many options in this industry. They have done a tremendous job for Ortho Montana.”

    Roy Strong — CEO of Ortho Montana

  • Dave Beigel Client Portrait

    “The decision to switch was easy and I’ve never regretted it. Since 2004, the team at Leavitt Great West has provided insurance options that help our company and bring down our costs. Over the years they have provided general liability insurance, performance bonding, and all our health insurance needs. They also facilitated a self-funded health insurance program that will benefit our company and employees greatly. I would not hesitate to recommend Leavitt Great West for all forms of insurance.”

    Dave Beigel — Vice President of Precision Plumbing

  • Gary Fields Client Portrait

    “I've been working with Leavitt Great West for seven years.  Before that time, I had never considered how my insurance agency could make a difference, or that I could really have an "experience" with them.  They understand that retaining long standing relationships means taking responsibility for the protection of their clients.  It has been a very encouraging working relationship, and one that has taught me a ton about what being properly insured really means. ”

    Gary Fields — Owner of Diesel Pros

  • Matt McCallum Client Portrait

    “Leavitt Great West's customer service is beyond top notch. Their responses to my emails and phone calls always come within 24 hours. No matter what problem I have, the team at LGW fixes it. They turn any stressful situation into an easy fix because they care about their jobs, and even more about their clients.”

    Matt McCallum of Signs of Montana

  • Vince Blanton Client Portrait

    “Making the transition to Leavitt Group Great West was not merely changing insurance companies for us. Instead, we were able to create a business partnership. The team spends the time to educate and ensure that we understand all our policies while continuing to monitor on a day-to-day basis that we are covered for any venture.”

    Vince Blanton — President of Blanton Contracting

We Are Local, Independent Agents

Our experienced team understands your business. With national and industry professionals, we manage your total cost of risk.

Leavitt Risk Management Center

Protect your company with Leavitt Group’s Risk Management Center. This unique web-based suite of safety and risk management tools is designed to empower your organization’s risk prevention efforts.

RMC LoginAbout Leavitt RMC

Источник: https://www.leavitt.com/greatwest/

The nine-member Governor-appointed Colorado State Banking Board is the policy and rulemaking authority for the Division. The Banking Board consists of five members who are executive officers of state-chartered commercial banks, an executive officer of a trust company, an executive officer of a money transmitter company, and two public members who possess expertise in finance through their current experience in business, industry, agriculture, or education. (Section 11-102-103 (2), C.R.S.)

Commercial Bank Representatives

Jonathan R. Fox, Board Chairman
President/CEO, The Fowler State Bank​​​​​​

Megan Harmon
COO/ Branch President, The Eastern Colorado Bank

Glen Jammaron
President, Alpine Bank

David A. Kelly
Chief Risk Officer, FirstBank

Richard E. Martinez, Jr.
President/CEO, Young Americans Bank

Trust Company Representative

Laura G. Miller
Associate General Counsel, Great-West Trust Company LLC

Money Transmitter Representative

Tim Daly
Senior Vice President, Western Union Financial Services Inc.

Public Members

Sarah Auchterlonie

Elle Bruno

To contact Banking Board members, please email Charles Siler.

Источник: https://banking.colorado.gov/banking-home/about-us/state-banking-board

Who is Great-West Investments?

Great-West Investments™ (GWI) is an investment manager focused on delivering investment solutions for retirement investors. Through our affiliation with Empower Retirement, the nation’s second-largest retirement recordkeeper, we have unique insights into the needs and behaviors of more than 67,000 plans and more than 12 million retirement investors.1

With more than $69 billion under management or advisement2, GWI’s comprehensive suite of retirement investment products and services include:

  • Great-West Funds featuring carefully selected investment firms as subadvisers.
  • Target date funds combining leading investment firms managing the majority of underlying funds and blending active and passive strategies across the spectrum of asset classes and market capitalizations.
  • Capital preservation products offering principal preservation and attractive yields.
  • Retirement income solutions providing guaranteed retirement income for life.

Empower Retirement

Empower Retirement provides retirement savings products and services for public, corporate, and nonprofit employers, as well as private-label recordkeeping and administrative services for other providers of defined contribution plans. It also offers individual retirement accounts and advisory services through Advised Assets Group, LLC an affiliated registered investment adviser.

Great-West Life & Annuity Insurance Company is an indirect, wholly owned subsidiary of Great-West Lifeco Inc. and “A Member of the Power Financial Corporation Group of Companies”® .

As of January 4, 2021. Information refers to all insurance and retirement business of Great-West Life & Annuity Insurance Company and its subsidiaries.

Assets under management refers to investment products managed by Great-West Capital Management, LLC and general account products managed by Great-West Life & Annuity Insurance Company or Great-West Life & Annuity Insurance Company of New York, as applicable. RIA assets as of 12/31/2020 and insurance company AUM is as of the publicly available reporting period of 09/30/2020. AUM is a non-GAAP measure and does not reflect the financial strength of the company. GWLA’s statutory assets total $54.8 billion and liabilities total $51.8 billion. GWLA of NY's statutory assets total $1.69 billion and liabilities total $1.57 billion.

Empower Retirement refers to the products and services offered by Great-West Life & Annuity Insurance Company and its affiliates.

"A Member of the Power Financial Corporation Group of Companies" is a registered mark of Power Corporation of Canada.

Источник: http://www.greatwestinvestments.com/about-us/who-we-are.shtml
great west trust

Great-West Life Ebc brake pads amazon Estate Fund

Established in 1981, the Great-West Life Real Estate Fund is one of Canada’s largest real estate segregated funds. The Great-West Life Real Estate Fund (also known as the Canadian Real Estate Investment Fund No. 1 (or CREIF)) invests in a portfolio of high-quality, income-producing properties diversified by type and location. The objective is to provide investors with strong income returns and the opportunity for long-term capital appreciation. 

 

Fund Performance

as of  September 30, 2021 

$6.0B

in real estate assets

Source of Return

2012201320142015201620172018201920202021
Income5.2%4.7%4.8%4.5%4.5%4.5%4.3%4.2%3.8%2.8%
Capital14.5%6.1%2.6%0.1%0.9%1.8%2.7%4.9%(1.3)%4.9%
Total19.7%10.8%7.4%4.7%5.4%6.3%7.1%9.2%2.5%7.7%

Compound rates of return

(gross of investment management fees)
Three Month - Q33.16%
Year-to-date 7.69%
One Year9.20%
Three Year6.95%
Five Year6.84%
Ten Year8.49%

Diversification by property type

Retail10.1%
Office33.2%
Industrial26.2%
Residential24.6%
Other5.9%

By property type (millions)

Retail10.1%$594
Office33.2%$1,960
Industrial26.2%$1,547
Residential24.6%$1,451
Other5.9%$347

Diversification by region

British Columbia10.6%
Alberta10.6%
Prairies1.4%
Ontario67.6%
Quebec8.5%
Atlantic1.0%
U.S.0.3%

By region (millions)

British Columbia10.6%$623
Alberta10.6%$624
Prairies1.4%$82
Ontario67.6%$3,997
Quebec8.5%$502
Atlantic1.0%$56
U.S.0.3%$15

Quarterly Highlights

Q3 2021 Great-West Life Real Estate Fund Bulletin

The Canadian Real Estate Fund No.1 capped off the third period of 2021 by posting a gross quarterly return of 3.2%, raising the year-to-date figure to 7.7% and the trailing twelve-month mark to 9.2%.   Income returns remained steady as great west trust in the portfolio improved to better than 91% while the Industrial component of the Fund continued to drive robust capital performance.  Key takeaways from the third quarter follow.

 

Home Depot Distribution Ctr, Calgary, AB
1 Adelaide Street, Toronto, ON
Vancouver Centre II, Free epic games gift card, BC

Located in South East Calgary, AB, and leased to Home Depot on a long-term basis, the Fund completed a $70M, ten-year loan on the 1.1 million square foot distribution centre at a fixed interest rate of 2.6%.  The facility features interest only payments for the full term, preserving efficient leverage and improving the Fund’s LTV by 70 bps to 18.3%. 

 

GRESB is the global environmental, social and governance (ESG) benchmark for real assets. The 2021 benchmark covers more than 1,520 property companies, representing US $5.7 trillion in real asset value.

In Q3, the Fund made its fourth submission into the Global Real Estate Sustainability Benchmark (GRESB), and it was recognized as a top performer. The Fund earned a GRESB ‘5 Star’ (top quintile) rating and placed among the top 11% of participants in the ‘Diversified/Non-listed/Core’ category. The Fund attained full marks in GRESB’s ‘Management Component’ for its robust ESG leadership, policies, reporting, risk management, and stakeholder engagement activities.

Located at the southeast corner of Yonge and Adelaide in Toronto, ON, the property includes 1 Adelaide Street East, a 30-storey LEED® Gold certified office tower, 20 Victoria Street, a nine-storey boutique office building, and 85 Yonge Street, a three-storey retail building.  In Q3 the asset was awarded the “The National Outstanding Building of the Year (TOBY)” for Office Buildings in the 500,000 sq ft to 1 million sq ft category.  Judging is based on building standards; community impact; tenant relations; energy conservation; environmental, regulatory and sustainability practices; emergency preparedness and security standards. 

Also in Q3, the building participated in the Rick Hansen Foundation’s ‘Buildings Without Barriers Challenge’ and attained the Rick Hansen Foundation Accessibility Certification (RHFAC). Through participation in the Challenge, the Fund manager was able to demonstrate to employees and tenants its commitment to creating accessible spaces for all.  

 

After a pause through the first couple of quarters of the pandemic, Q3 Canadian investment activity picked up where it left off and produced the third highest volume on record*.   Development forms a key component of Fund strategy as it provides the ability to deliver premium risk adjusted returns in an otherwise extremely competitive investment market.  From recently completed projects such as Livmore at High Park Village (https://livmorehighpark.com) to cox login pay bill sites like Vancouver Centre II  (https://www.vancouvercentre.com ) and a significant long-term pipeline, the Fund is well positioned to continue to grow in prioritized markets and asset classes through its market leading development platform. 

*CBRE

The Segregated Funds described in this bulletin are offered through a variable insurance contract issued by The Canada Life Assurance Company.

Please note that unit values and investment returns will fluctuate, and past performance is not necessarily indicative of future performance.

For IVIC investors: A description of the key features of the segregated fund policy is contained in the information folder.

Downloads

Past Performance Reports

Quarterly Bulletins

Annual Reports

Canadian Real Estate Investment Fund - Annual Report 2020PDF (6 MB)
Canadian Real Estate Investment Fund - Annual Report 2019PDF (5 MB)
Canadian Real Estate Investment Fund - Annual Report 2018PDF (4 MB)
Canadian Real Estate Investment Fund – Annual Report 2017PDF (4 MB)

Want to Invest?

Contact a Great-West Life advisor to invest in the Great-West Life Real Estate Fund.

Источник: https://www.gwlrealtyadvisors.com/invest-with-us/great-west-life-real-estate-fund/

Great-West Lifeco

Canadian insurance company

Great-West Lifeco Inc. is a Canadian insurance-centered financial holding company that operates in North America (Canada and United States), Europe and Asia through five wholly owned, regionally focused subsidiaries. Many of the companies it has indirect control over are part of its largest subsidiary, The Canada Life Assurance Company; the others (Great West Life & Annuities Financial Inc. and Putnam Investments, LLC) are managed by Great-West Lifeco U.S. LLC, a U.S. based subsidiary. Great-West Lifeco is indirectly controlled by Montreal billionaire Paul Desmarais through his stake in the Power Corporation of Canada (owned by the Desmarais family since 1968), which owns 72% (down slightly from 74.6% in 2005) of Great-West Lifeco.[7][8] The hyphen in the company's name was originally a typesetter's error.[9]

For the three months ended June 2013, 63% of revenue originated in Canada, 26% from the U.S., and 10% from Europe. Group retirement products (Canadian sales up 49%) and 401k markets (U.S. Great West Financial sales up 34%) remain key areas of growth for the company.[2] Lower U.K. wealth management single premiums negatively affected growth. Boston-based Putnam Investments accounts for nearly a quarter of all assets under administration. Approximately half great west trust company profit comes from Canada, a third from Europe and the rest from the United States. In the first half of 2011, premium income made up 63.99% of total revenue, up from 56.07%.[10] In the third quarter of 2010, British sales outpaced all other regions with 45% growth, followed by the U.S. financial services business (up 41%).[11] In 2009, 100% owned subsidiary London Life ranked 14th among Canada's largest private companies.[12]

History[edit]

Great-West Life was founded in Winnipeg in 1891 by Jeffry Hall Brock, a local insurance agent. The company was incorporated on August 28, 1891, with locals such as James Ashdown on its board.[13] It built its head office in the exchange District in Winnipeg on the corner of Rorie Street and Lombard Avenue. In 1912, two policyholders who died on the Titanic were covered by the company, after its first death payout in 1893.[13]

The earliest roots of any of the companies under its management were set in 1847 Hamilton, Ontario by subsidiary Canada Life (then known as Canada Life Assurance Company); it was later acquired by The Great-West Life Assurance Company.[14] The original name of Canada Life included the word Assurance in place of insurance, something that was more common among British companies.[15] Its second oldest company London Life was founded in 1874 and taken over by Great-West in 1997, one year after it purchased the Canadian operations of the Prudential Insurance Company of America[14]

When created in 1890–1891, thirty-one of the 40 insurance companies in Canada were foreign-owned and none of the Canadian-based ones were managed from Western Canada. Great-West's founder started the company as an attempt to raise capital needed locally to develop farm land and retail businesses.[1] Great-West's first president was Winnipeg mayor Alexander Macdonald who took on that role in 1892; the founder Jeffry Hall Brock was managing director. Its first death claim was in 1893 for $1000, and in 1912 two Titanic policyholders were covered.[16] In 1906 Great-West entered the American market starting in Fargo, North Dakota, followed by Michigan and Minnesota in 1920 and later Indiana, Missouri, Ohio, Kansas, California, and Pennsylvania in the early 1940s. Within its first decade it successfully entered Eastern Canada, had market exposure in every Canadian province and became one the industry's leading companies in terms of growth and size; by 1896 it was present throughout Canada. Brock got sick and was forced to leave Great-West great west trust 1912, three years before he died. He was succeeded as CEO by C.C. Ferguson in 1915. During the next twenty years the company's finances were negatively affected by World War I, the 1918 flu epidemic and the great depression but its market position remained strong; the stock market crash of 1929 and World War II had a positive impact on the company. The company was highly diversified, with investments spread amongst mortgages and government bonds. Great-West's early success in Western Canada was due in part to high insurance rates and a lack of financing available to farmers.[16]

In 1942, it was the first Canadian company "to enter the accident and health insurance business."[13] In 1960, the company moved to Osborne Street North, where it had constructed a new building on the site of the old Osborne Stadium. In 1983, the company expanded again into a building on Broadway and Osborne.[13] In 1979, US and Canadian operations became separate due mostly to rapid US growth. In 1969, Great-West was purchased by Power Corporation, which made it into a wholly owned subsidiary. In 1982, Great-West began offering a universal life policy which differed from those offered by competitors. Two years later, in 1984, the Power Financial Corporation was created to be a holding company for Great-West and its numerous businesses.[9] In 1997, Great-West Lifeco took over London Life, acquiring Canada Life Financial in 2003.[13]

Great-West Lifeco began an acquisitions spree on February 17, 2003 when it purchased Canada Life Financial for US$4.7 billion followed by Indiana Health Network incIHN three years later in 2006 and Putnam Investment Trust on August 3, 2007 for $3.9 billion (from Marsh & McLennan Companies).[17] On April 1, 2008 subsidiary Great-West Life & Annuity Insurance Company www bankofamerica com moneynetwork sign in Denver based Great-West Healthcare to CIGNA for about US$1.9 billion.[18] With the transaction Great-West Lifeco lost about 1.9 million customers (about three quarters of their medical employers).

Other acquisitions include the 2006 takeover of US Bancorp's retirement plans business which added $104 billion in assets at the time[19] and more retirement plans the same year but from MetLife.[20]

Irish Life, based in Dublin as a life assurance, pensions, and investments group, was acquired by Great West Lifeco in 2013 from the Irish government.[21] On July 18, 2013, Canadian subsidiary Roslyn savings bank east meadow Life Limited completed the takeover of Irish Life Assurance.[2]

Great-West Lifeco in 2018 acquired Invesco (Ireland), an Irish company.[22] In October 2018, Stefan Kristjanson retired and was replaced by Jeff Macoun as COO of Great-West Lifeco Inc.[23] In January 2019, Protective Life Insurance Co. bought part of Great-West Life & Annuity Insurance Co. for $1.2 billion.[24] A merger of several divisions and subsidiaries to be renamed, the Canada Life amalgamation received approval from the Canadian government in November 2019. They officially begin operating as The Canada Life Great west trust Company on January 1, 2020.[25] After the merger into Canada Life, employees of the merged companies will work from company's five main offices in Winnipeg, London, Toronto, Montreal and Regina, with no cuts to employment.[26]

Companies[edit]

  • Great West Life & Annuity Insurance Company is a company that provides individuals and businesses in all of the USA's states with life insurance, retirement benefits (which are paid for by employers) and annuities distributed by its own brokers and institutions. This division began operations in the USA on May 28, 1997.[8]
  • Empower Retirement is a retirement plan recordkeeping company based in Greenwood Village, Colorado.[27] It is the second-largest retirement plan provider in the US.[28]
  • The Great West Life Assurance Company is Canada's biggest insurance company. The subsidiary became Canada's leader in 2003 when it paid Cdn$7.3 billion (US$4.7 billion) for Canada Life Financial.[7][29] Products include trust securities. Great-West Life, Canada Life, and London Life were rebranded as the new Canada Life on January 1, 2020
  • Canada Life was founded in 1847 and operates in Ireland, Canada, the UK, Germany, and the Isle of Man. Business focusses on insurance (life, disability, creditor and critical illness) and wealth management. European business goes back to 1903 and provides different regions with different products (insurance and savings are offered in every region except the UK (where annuities and group insurance are provided) and Germany (where business comes from pensions and critical illness).
  • London Life is a 140-year-old business currently serving 2 million Canadians. Operates under the banners Great-West, Freedom 55 (savings, investments, retirement, insurance and mortgages), Quadrus Investment Services Ltd. (mutual funds), London Reinsurance Group (international business).
  • Putnam Investments Money manager in the business of fixed income equity, asset allocation in addition to other types of equity. customers include institutional investors. Putman accounts for 44.4% of total assets in the USA (in the form of mutual funds and institutional assets)[11] and $124B worth of American mutual fund and institutional account assets under administration.[10]
  • Irish Life, acquired in 2013 for €1.3 Billion

References[edit]

  1. ^ ab"Jeffry Hall Brock (1850-1915)". Retrieved January 8, 2011.
  2. ^ abc"2020 4Q Report". December 31, 2020.
  3. ^"2020 Annual Information Form".
  4. ^ abc"Great-West Lifeco Inc. Hoovers". Retrieved December 31, 2019.
  5. ^ ab"Organization Chart". Power Corporation of Canada. Retrieved August 23, 2020.
  6. ^"Our companies". Great-West Lifeco Inc. Retrieved August 23, 2020.
  7. ^ abSimon, Bernard (February 18, 2003). "Great-West Lifeco to acquire Canada Great west trust for 4.7 billion". The New York Times.
  8. ^ ab"Variable Annuity I Serr Acc of Fir Grt West Li & Annu Ins Co, Form 485APOS, Filing Date Feb 25, 2005". secdatabase.com. Retrieved May 15, 2018.
  9. ^ ab"Power Corporation of Canada Business Information". Retrieved January 8, 2011.
  10. ^ ab"Great-West Lifeco 2011 Second Quarter Report"(PDF). August 2011.
  11. ^ ab"Great-West Lifeco 2010 Third Quarter Report revenue, income on page 31 of 33"(PDF). November 10, 2010.
  12. ^"Rankings of Canada's 350 biggest private companies". The Globe and Mail. Toronto. June 18, 2010.
  13. ^ abcdeHow Great-West Life became an insurance titan, CBC
  14. ^ ab"London Life – More Than 130 Years of Service". Retrieved January 8, 2011.
  15. ^"Urban Myths:Great-West Life". Archived from the original on February 15, 2008. Retrieved January 15, 2011.
  16. ^ ab"Winnipeg's Insurance Company". April 12, 2009. Archived from the original on July 18, 2011. Retrieved January 15, 2011.
  17. ^"Great-West Lifeco's U.S. subsidiary announces agreement". October 31, 2006.
  18. ^"Great-West Life & Annuity Insurance Company". April 1, 2008.
  19. ^"Great-West to buy U.S. retirement plan business". Reuters. November 30, 2006.
  20. ^Desloge, Rick (July 16, 2006). "Great-West buys MetLife unit".
  21. ^Irish Life contributes €42m to Canadian parent in third quarter, The Irish Times
  22. ^Great-West Life buys into Irish company Invesco, CBC
  23. ^Great-West Lifeco announces succession of the President and Chief Operating Officer, Canada, Barron's
  24. ^Protective Life acquires part of Great-West Life for $1B, AP News
  25. ^Canada Life amalgamation receives government approval, Advisor's Edge, November 25, 2019
  26. ^Great-West Lifeco consolidating, rebranding as Canada Life, CBC
  27. ^"Broncos, Empower Retirement agree to deal for stadium naming rights". Denver Post. September 4, 2019. Retrieved November 14, 2019.
  28. ^"Broncos agree to terms with Empower Retirement on 21-year deal to name stadium 'Empower Field at Mile High'". Denver Broncos. Retrieved November 14, 2019.
  29. ^"Insurance Companies in Canada". Retrieved January 7, 2011.

External links[edit]

Источник: https://en.wikipedia.org/wiki/Great-West_Lifeco
Empower

Leavitt Great West Insurance

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Источник: https://riabiz.com/a/2021/7/24/empower-climbs-to-14-trillion-on-fifth-acquisition-prudentials-record-keeping-business-but-fidelity-hit-the-14-trillion-mark-in-2014-and-is-pulling-away-on-organic-growth-alone

The Faceoff: Manulife and Great-West Lifeco provide many types of insurance, but is either a good investment?

Manulife triples its net income in the second-quarter fiscal 2021

Named after the previous governor of Massachusetts, and a slang term for a signature, John Hancock is a life insurance company based in Boston that was acquired by Manulife in 2004. John Hancock was founded in 1862 and currently offers insurance, investment and retirement solutions.

Manulife and its subsidiaries provide financial products and services around the world through its wealth and asset management, insurance and annuity, corporate and other segments.

In its second-quarter fiscal 2021 results released Aug. 4, Manulife reported revenue of $25.8 billion, down from $27.5 billion in 2020. Net income for the quarter is bank of america edd money transfer to $2.7 billion, from $839 million the prior year driven by a reduction in net benefits and claims to $18.1 billion, from $22.7 billion in 2020.

Kenneth Lester, retired finance lecturer at the Desautels Faculty of Management at McGill University, said that insurance companies thrive with high interest rates, which is opposite to Canada’s current environment.

“The big game in insurance is that you collect premiums and invest it before you have to pay out claims. The higher the interest rate environment the better it is for insurance companies as they are reinvesting the premium,” Lester said.

“Insurance companies also have an obligation to match liabilities. They are not allowed to play the market (too much) as the have to buy virtually risk-free bonds to match future liabilities,” Lester said, adding that “if you look at a chart of fixed income, the 30-year (bonds) are lower than they should be as there is huge demand for 30-year bonds by insurance companies that want to lock in gain for their long-term liabilities.”

As for the risk of an insurance company going belly-up, Lester notes that “even if an insurance company does go bankrupt, the policies have to support themselves by the matched liabilities.”

Great-West Lifeco’s subsidiary acquires ClaimSecure

While no great west trust insurance companies are exactly the same, the reluctance to pay out claims is systemic. In a press release on Sept. 1, Great-West Lifeco subsidiary, Canada Life, announced it completed its acquisition of ClaimSecure. This increases Canada Life’s plan members by more than 1.25 million individuals with more than $1.2 billion in annual claim payments.

Great-West Lifeco is a subsidiary of Power Financial Corp. and is engaged in life and health insurance, reinsurance, retirement and investment services and asset management in Canada, the United States and Europe.

In its second-quarter fiscal 2021 results, the company reported total revenues of $18 billion, down from $19.7 billion in 2020. Overall net income was $817 million for the quarter, down from $897 million due to an increase in earnings attributable to noncontrolling interests.

David Soberman, a professor of marketing at the Rotman School of Management at the University of Toronto, notes there are three trends in the insurance industry: amalgamation and one-stop shopping, digital communication and connectedness, and price comparison and pressure.

“Many of the insurance companies that consumers deal with now provide different types of insurance,” Soberman said, adding that “mergers have allowed insurers to engage in one-stop shopping, which is referred to in the insurance industry as cross-selling. When you have a relationship with a customer, (cross-selling) allows (insurers) to deepen its relationship by selling more things to them.”

In terms of digital connectedness, “social media has become very important in the insurance industry as a way of informing people of products that may be relevant to them and creating links (targeted at) the right people,” Soberman said.

“One of the things that has changed in (the insurance business) is how easy it is to get competitive quotes. (Further to this), some insurance companies only offer their products online,” Soberman said, adding that insurance companies now face pressure to compete online and to ensure the privacy of sensitive information transmitted via the internet.

Bottom line

With a net income more than three times that of the prior year, Manulife’s second-quarter fiscal 2021 got a boost from a decrease in net benefits and claims. Great-West Lifeco, on the other hand, experienced a decrease in its net income in the second-quarter fiscal 2021 compared to the prior year as the earnings attributable to noncontrolling interests increased. Manulife gets the thumbs-up this week for its ability to increase its bottom line, despite a reduction in revenues.

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Источник: https://www.thestar.com/business/opinion/2021/09/25/the-faceoff-manulife-and-great-west-lifeco-provide-many-types-of-insurance-but-is-either-a-good-investment.html

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