Canada Life Investment Management Ltd. announces pricing changes for select Counsel Portfolios

LONDON, ON, Oct. 30, 2026 /CNW/ -- Canada Life Investment Management Ltd. today announced reduced management fees across certain series of select Counsel Portfolios together with changes to the Management Fee Reduction rates applicable to certain series of select Counsel Portfolios, effective November 2, 2026. The changes are intended to improve the pricing structure of these Counsel Portfolios, and are part of a broader effort to help provide advisors with competitively priced portfolio solutions and support transparent discussions with clients about cost and value.

The effect of these changes will depend on an investor's funds, series, aggregate eligible holdings and applicable Management Fee Reduction rate. The reduced management fees will apply to certain series of the Counsel ETF Portfolios, Counsel Visio Pools and Counsel Strategic Portfolios. In addition, the updated Management Fee Reduction rates are applicable to all eligible series of the Counsel Visio Pools and Counsel Strategic Portfolios. For some investors, a reduction in the stated management fee will be partially offset by a reduction in the Management Fee Reduction they receive. However, as a result of these combined changes, no investor will pay a higher net management fee.

"As enhanced reporting brings greater visibility to investment costs, advisors need more than competitively priced investments. They need portfolio services that help them demonstrate value, and we are here to help," said Sam Febbraro, President and CEO of Canada Life Investment Management Ltd. "By combining professional portfolio construction, specialized investment expertise, and ongoing oversight, we are aiming to help advisors build portfolios aligned to client investment objectives and prepare for more transparent conversations about cost and value."

The following reduced management fees will take effect November 2, 2026:

Counsel Portfolios

Counsel ETF Portfolios

Fund name	Series	Current management fee	New management fee
Counsel Income ETF Portfolio	A	1.35 %	1.25 %
	F	0.35 %	0.25 %
	FT	0.35 %	0.25 %
	I	0.35 %	0.25 %
	IT	0.35 %	0.25 %
	T	1.35 %	1.25 %
Counsel Conservative ETF Portfolio	A	1.35 %	1.25 %
	F	0.35 %	0.25 %
	I	0.35 %	0.25 %
Counsel Balanced ETF Portfolio	A	1.35 %	1.25 %
	F	0.35 %	0.25 %
	I	0.35 %	0.25 %
Counsel Growth ETF Portfolio	A	1.35 %	1.25 %
	F	0.35 %	0.25 %
	I	0.35 %	0.25 %

Counsel Visio Portfolios

Fund name	Series	Current management fee	New management fee
Counsel Visio Income Pool	A	1.75 %	1.55 %
	F	0.75 %	0.55 %
	I	0.75 %	0.55 %
Counsel Visio Balanced Income Pool	A	1.80 %	1.60 %
	F	0.80 %	0.60 %
	FT	0.80 %	0.60 %
	I	0.80 %	0.60 %
	IT	0.80 %	0.60 %
	T	1.80 %	1.60 %
Counsel Visio Balanced Pool	A	1.80 %	1.60 %
	F	0.80 %	0.60 %
	I	0.80 %	0.60 %
Counsel Visio Global Opportunities Balanced Pool	A	1.80 %	1.60 %
	F	0.80 %	0.60 %
	I	0.80 %	0.60 %
Counsel Visio Global Advantage Balanced Pool	A	1.80 %	1.60 %
	F	0.80 %	0.60 %
	I	0.80 %	0.60 %
Counsel Visio Balanced Growth Pool	A	1.80 %	1.60 %
	F	0.80 %	0.60 %
	I	0.80 %	0.60 %
Counsel Visio Growth Pool	A	1.85 %	1.65 %
	F	0.85 %	0.65 %
	I	0.85 %	0.65 %

Counsel Strategic Portfolios

Fund name	Series	Current management fee	New management fee
Counsel Conservative Portfolio	F	0.75 %	0.70 %
	I	0.75 %	0.70 %
Counsel Balanced Portfolio	F	0.80 %	0.75 %
	I	0.84 %	0.79 %
Counsel Growth Portfolio	F	0.85 %	0.80 %
	I	0.85 %	0.80 %
Counsel All Equity Portfolio	F	0.90 %	0.85 %
	I	0.90 %	0.85 %

The following Management Fee Reduction rates will be effective November 2, 2026:

Investors with holdings in Eligible Accounts, as defined in the most recent simplified prospectus of the Counsel Funds, may qualify for Management Fee Reductions based on the applicable investment thresholds, which are not changing, and rates set out below. The Counsel Visio Pools will also be included in the new chart set out below. For certain series of the Counsel Strategic Portfolios that are not receiving a reduced management fee, those eligible series will benefit from an increased management fee reduction rate after the first threshold. Rebateable investments exclude securities of all series of Counsel Money Market, Counsel High Interest Savings Fund and Counsel ETF Portfolios.  

	Management Fee Reductions on Rebateable Investments
	Counsel Strategic Portfolios		All other Counsel Funds and all other eligible series
Total holdings in Eligible Accounts	Series A / T*	Series F / I
The first $150,000 ($0 - $150,000)	Nil	Nil	Nil
The next $350,000 ($150,001 - $500,000)	0.10 %	Nil	0.025 %
The next $500,000 ($500,001 - $1,000,000)	0.20 %	Nil	0.05 %
The next $1 million ($1,000,001 - $2,000,000)	0.30 %	0.15 %	0.20 %
The next $5.5 million ($2,000,001 - $7,500,000)	0.30 %	0.20 %	0.25 %
The remaining value (over $7,500,000)	0.30 %	0.30 %	0.30 %

*Series T not available for all Strategic Portfolios.

About Canada Life Investment Management Ltd.
Canada Life Investment Management Ltd. is an investment management firm offering wealth management products and services for individuals, families and business owners. The funds are sub-advised by leading asset managers, providing access to specialized investment expertise from around the world. CLIML is a subsidiary of The Canada Life Assurance Company. Learn more.

About Canada Life
Canada Life is a leading insurance, wealth management and benefits provider focused on improving the financial, physical, and mental well-being of Canadians. For over 175 years, individuals, families and business owners across Canada have trusted us to provide sound guidance and deliver on the promises we've made. We proudly serve more than 14 million customer relationships from coast to coast. Canada Life is a subsidiary of Great-West Lifeco Inc. and a member of the Power Corporation of Canada group of companies. Visit canadalife.com to learn more.

Canada Life Mutual Funds and Counsel Portfolios are managed by Canada Life Investment Management Ltd. They are distributed by IPC Wealth Inc. and IPC Securities Corporation and may also be available through other authorised dealers in Canada.

Commissions, trailing commissions, management fees and expenses all may be associated with mutual fund investments. Please read the prospectus before investing. Mutual funds are not guaranteed, their values change frequently and past performance may not be repeated.

Canada Life Investment Management and design, and Canada Life and design, are trademarks of The Canada Life Assurance Company.  

SOURCE Canada Life Investment Management Ltd. (CLIML)

For more information contact: Colin Roy, Manager, Communications, Canada Life, 204-946-7380, [email protected]