Great-West Life, London Life and Canada Life announced July 23 the launch of two new fee-based, segregated fund series – the Partner series and the Preferred Partner series.

The Partner series will be available to retail investors, while the Preferred Partner series is for customers with more than $500,000 in assets.

“These new fee-based series are being introduced in response to demand from our clients and advisors and reflect our continued commitment to improving the financial well-being of Canadians and to put our customers at the centre of everything we do,” said Sam Sivarajan, Senior Vice-President, Wealth Solutions, Great-West Life, London Life and Canada Life.

Fee reductions

The insurers also announced fee reductions for customers with more than $100,000 in assets across several of their segregated funds, including Standard series, Partner series, Preferred series 1 and Preferred Partner series.