Empower Retirement to acquire
MassMutual retirement business
"Empower is taking the next step toward addressing the complex and evolving needs of millions of workers and retirees. We are excited about the opportunity to reach new customers and serve even more Americans on their journey toward creating a secure retirement."
Firm driving additional scale and scope through strategic acquisitions, record sales.
Americans’ ability to replace their current income in retirement has improved.
Empower Retirement and Fifth Third bolster service to retirement plan clients with acquisition agreement
Empower acquires plan recordkeeping business; Fifth Third to continue to provide enhanced retirement plan services.
Financial market perspective and relief programs
1 As of August 31, 2020.
2 As of August 31, 2020. Individuals and organizations refers to all retirement business of Great-West Life & Annuity Insurance Company and its subsidiaries and affiliates, including Great-West Life & Annuity Insurance Company of New York marketed under the Empower Retirement brand.
3 As of August 31, 2020. Information refers to the business of Great-West Life & Annuity Insurance Company and its subsidiaries, including Great-West Life & Annuity Insurance Company of New York. Of the total $714B assets under administration, $16.8B represents the AUA of GWLANY. AUA is a non-GAAP measure and does not reflect the financial stability or strength of a company. GWLA assets total $47.7B and liabilities total $46.1B. GWLANY assets total $1.59B and liabilities total $1.48B.