{"id":771527,"date":"2026-06-30T17:49:10","date_gmt":"2026-06-30T17:49:10","guid":{"rendered":"https:\/\/www.newsbeep.com\/ca\/771527\/"},"modified":"2026-06-30T17:49:10","modified_gmt":"2026-06-30T17:49:10","slug":"great-west-lifeco-buys-millimans-retirement-benefits-admin-business","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/ca\/771527\/","title":{"rendered":"Great-West Lifeco buys Milliman&#8217;s retirement, benefits admin business"},"content":{"rendered":"<p class=\"c-paragraph\">WINNIPEG \u2014 <a href=\"https:\/\/www.bnnbloomberg.ca\/stock\/GWO:CT\/\" target=\"_self\" rel=\"nofollow noopener\" title=\"https:\/\/www.bnnbloomberg.ca\/stock\/GWO:CT\/\">Great-West Lifeco Inc.<\/a> has signed a deal to buy Milliman Inc.\u2019s retirement plan and benefits administration business for US$340 million.<\/p>\n<p class=\"c-paragraph\">The business being acquired provides administration services for defined contribution and defined benefit pensions and health and welfare benefits.<\/p>\n<p class=\"c-paragraph\">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.<\/p>\n<p class=\"c-paragraph\">The acquisition is expected to deliver about US$20 million of cost synergies within three years, the company says. <\/p>\n<p class=\"c-paragraph\">Total integration costs are expected to be about US$50 million.<\/p>\n<p class=\"c-paragraph\">The deal is expected to close in the second half of this year, subject to customary closing conditions and regulatory approvals.<\/p>\n<p class=\"c-paragraph\">This report by The Canadian Press was first published June 30, 2026.<\/p>\n","protected":false},"excerpt":{"rendered":"WINNIPEG \u2014 Great-West Lifeco Inc. has signed a deal to buy Milliman Inc.\u2019s retirement plan and benefits administration&hellip;\n","protected":false},"author":2,"featured_media":771528,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[14],"tags":[45,49,48,133,5770,131,132],"class_list":["post-771527","post","type-post","status-publish","format-standard","has-post-thumbnail","category-personal-finance","tag-business","tag-ca","tag-canada","tag-finance","tag-insurance","tag-personal-finance","tag-personalfinance"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/posts\/771527","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/comments?post=771527"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/posts\/771527\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/media\/771528"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/media?parent=771527"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/categories?post=771527"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/tags?post=771527"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}