5 Ideas About the Great-West-MassMutual Deal, for Annuity Sellers
September 9, 2020 by Allison Bell
Empower Retirement shook up the retirement plan market today by agreeing to provide a total of $3.35 billion in ceding commissions and extra capital for the Massachusetts Mutual Life Insurance Company retirement plan business.
Empower — a Greenwood Village, Colorado-based arm of Great-West Lifeco of Winnipeg, Manitoba — is on track to acquire $167 billion in assets, 2.5 million plan participants, and about 2,000 employees.
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Originally Posted at ThinkAdvisor on September 8, 2020 by Allison Bell.
Categories: Industry Articles