Great-West buying Milliman's retirement plan and benefits administration business
Skip to contentBy: The Canadian PressPosted:9:08 AM CDT Tuesday, Jun. 30, 2026Last Modified: 9:46 AM CDT Tuesday, Jun. 30, 2026PrintEmailRead LaterWINNIPEG - Great-West Lifeco Inc. has signed a deal to buy. . .
Skip to contentBy: The Canadian PressPosted:9:08 AM CDT Tuesday, Jun. 30, 2026Last Modified: 9:46 AM CDT Tuesday, Jun. 30, 2026PrintEmailRead LaterWINNIPEG - Great-West Lifeco Inc. has signed a deal to buy Milliman Inc. 's retirement plan and benefits administration business for US$340 million. Read this article for free:To continue reading, please subscribe:*Billed as $5. 77 plus GST every four weeks. After 52 weeks, price increases to the regular rate of $19. 95 plus GST every four weeks. Offer available to new and qualified returning subscribers only. Cancel any time. WINNIPEG - Great-West Lifeco Inc. has signed a deal to buy Milliman Inc. 's retirement plan and benefits administration business for US$340 million. Read unlimited articles for free today: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 corporate logo for Great-West Lifeco Inc. is shown in an undated handout photo. THE CANADIAN PRESS/HOThe 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 The Canadian Press was first published June 30, 2026. Companies in this story: (TSX:GWO)PrintEmailRead Later