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Great-West’s Empower closes purchase of Milliman pension administration business

PUBT·09/02/2026 12:06:42
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Great-West’s Empower closes purchase of Milliman pension administration business
  • Empower, a Great-West Lifeco unit, closed its purchase of Milliman’s retirement plan administration and benefits services business.
  • Deal, first disclosed on June 30, 2026, expands Empower’s defined-benefit administration capabilities and workplace benefits offering.
  • Transaction brings about 800 employees to Empower.
  • Assets added include about 400 defined-benefit plans with roughly 790,000 participants and USD 80 billion in client assets.
  • Empower also gained about 1,100 defined-contribution plans with roughly 750,000 participants and more than USD 50 billion in client assets.


Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Great-West Lifeco Inc. published the original content used to generate this news brief via CNW (Ref. ID: 202609020801CANADANWCANADAPF_C6648) on September 02, 2026, and is solely responsible for the information contained therein.