March 3, 2015 -
Earlier today, Great-West Lifeco Inc announced that its wholly-owned U.K. subsidiary, Canada Life Limited (Canada Life), has reached an agreement with The Equitable Life Assurance Society (Equitable Life) in the U.K. to acquire the assets and liabilities associated with Equitable Life's annuity business.
To clarify, the Equitable Life Assurance Society based in the U.K. is in no way associated with Equitable Life of Canada. Unfortunately, the company is also referred to as Equitable Life, which causes confusion as a result of media coverage about this transaction and other company news.
We hope this clarifies any confusion.
For further information,
Director, Corporate Communications
1.800.722.6615 ext. 8470