The Globe and Mail

Go to the Globe and Mail homepage

Jump to main navigationJump to main content

Great-West Lifeco’s world headquarters is based in Winnipeg.
Great-West Lifeco’s world headquarters is based in Winnipeg.
(JOHN WOODS/THE CANADIAN PRESS)

Great-West deal digs deeper into U.S. retirement market

Insurance and investment company Great-West Lifeco Inc. has shaken up management at its U.S. subsidiaries, and now its zeroing in on retirement plans as a key way to build its business for the long term.

Denver-based Great-West Financial will pay an undisclosed sum for J.P. Morgan’s Retirement Plan Services unit, the company said Thursday. It’s a large-market, defined-contribution plan record-keeping business.