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Company Description

Contact Info

751 Victoria Square

Montréal, QC H2Y 2J3


Phone: 514-286-7430


Power Financial Corporation operates as a diversified management and holding company that has interests in companies that are active in the financial services sector in Canada, the United States, and Europe. It also has holdings in a diversified industrial group based in Europe. The company's principal subsidiaries are Great-West Lifeco Inc. (Lifeco) whose major operating subsidiary companies are Great-West Life & Annuity Insurance Company (GWL&A), London Life Insurance Company (London Life), The Canada Life Assurance Company (Canada Life), The Great-West Life Assurance Company (Great-West Life), and Putnam Investments, LLC (Putnam); and IGM Financial Inc. (IGM) whose major operating subsidiary companies are Investors Group Inc. (Investors Group) and Mackenzie Financial Corporation (Mackenzie). GREAT-WEST LIFECO Great-West Lifeco is a financial services holding company with interests in the life insurance, health insurance, retirement savings, investment management, and reinsurance businesses. The group has operations in Canada, the United States, Europe, and Asia through Great-West Life, London Life, Canada Life, Great-West Life & Annuity, and Putnam Investments. Canada Great-West Life and its subsidiaries, London Life and Canada Life, offer a portfolio of financial and benefit plan solutions for individuals, families, businesses, and organizations through a network of Freedom 55 Financial and Great-West Life financial security advisers, and through a multi-channel network of brokers, advisers, and financial institutions. In Canada, Great-West Life, London Life, and Canada Life serve the financial security needs of approximately 12 million people. Great-West Life’s products include a range of investment, retirement savings, and income plans, as well as life, disability, critical illness, and health insurance for individuals and their families. For large and small businesses and organizations, Great-West Life offers various benefit plan solutions featuring options, such as group life, healthcare, dental care, wellness and group disability, critical illness, and international benefits plans. Great-West Life also offers group retirement and savings plans that are tailored to the needs of businesses and organizations. London Life offers financial security advice and planning through its approximately 3,100-member Freedom 55 Financial division. Freedom 55 Financial offers London Life’s own brand of savings and investments, retirement income, life insurance, and mortgages. In addition, financial security advisers associated with London Life offer a range of financial products from other financial institutions. In Canada, Canada Life offers a range of insurance and wealth management products and services, as well as savings and investments, retirement income, life, disability, and critical illness insurance products. Canada Life provides creditor insurance in Canada for mortgages, loans, credit cards, lines of credit, and leases, through financial institutions, automobile dealerships, and other lending institutions. Europe Canada Life provides insurance and wealth management products and services in the United Kingdom, Isle of Man, Ireland, and Germany. In Europe, Canada Life provides individuals and their families with a range of insurance and wealth management products: payout annuities, investments and group insurance in the United Kingdom; savings and individual insurance in the Isle of Man; individual insurance and savings, as well as pension products in Ireland; and fund-based pensions and critical illness insurance in Germany. Canada Life provides traditional mortality, financial, and annuity reinsurance solutions to life insurers in the U.S. and in international markets, through its Canada Life Reinsurance division. The United States In the United States, Great-West Life & Annuity (GWL&A) provides employer-sponsored retirement savings plans backed by various services. It also provides annuity and life insurance products for individuals, families, and businesses. GWL&A offers various retirement plans for public, corporate, and non-profit employers, as well as private-label recordkee


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