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    • Great-West Unit Closes on MassMutual’s Retirement Plan Business

    January 6, 2021 by Allison Bell

    Great-West Lifeco Inc.’s Empower Retirement unit is expanding its retirement plan business in the United States.

    The firm announced Monday that it has completed a previously announced acquisition of a large retirement plan business from Massachusetts Mutual Life Insurance Company.

    The deal involved a $2.35 billion ceding commission, and Empower Retirement said it will be supporting the retirement plan business with $1 billion required capital.

    Click HERE to read the full story via ThinkAdvisor

    Originally Posted at ThinkAdvisor on January 5, 2021 by Allison Bell.

    Categories: Industry Articles
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