Two fee-based, seg fund series launched by group of insurers

Great-West Life, London Life and Canada Life have launched two fee-based, segregated fund series: the Partner series and Preferred Partner series.

The two series, which a press release says were introduced due to “advisor and client demand,” will cater to different audiences. The Partner series will be available to retail investors, while the Preferred Partner series is for investors with assets of more than $500,000.

The three insurance companies have also announced fee reductions for customers with more than $100,000 in assets across several of their segregated funds, the release says. Those include the Standard series, Partner series, Preferred series 1 and Preferred Partner series.

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Staff

The staff of Advisor.ca have been covering news for financial advisors since 1998.