LONDON, ON, Jan. 25, 2011 /CNW/ - The Great-West Life Assurance Company
today announced enhancements to its financial education services
offered exclusively in the group retirement market to Great-West Life's
group retirement plan sponsors and their plan members through Acquaint
Since 2004, Acquaint Financial Inc. has complemented Great-West Life's
financial education services with additional options for group
retirement plan sponsors to offer plan members. Over 200,000 plan
members currently have access to this service.
Great-West Life and Acquaint have now enhanced these services:
iAcquaint online financial education can now be extended to employees
who aren't eligible for, or haven't enrolled in, their sponsor's group
retirement plan. A web-based tool, iAcquaint provides general financial
education to help members better manage their personal finances.
Available 24-7, the tool gives members access to debt and credit
counsellors, interactive learning modules and more.
Plan sponsors can now provide members with one-on-one financial
counselling using Acquaint's CareerStagesTM programs. This new service allows plan members to customize the
counselling to suit their retirement plan's unique needs.
"The need for people to effectively manage personal finances has never
been greater," says Jeff Aarssen, Great-West Life's Vice-President,
Group Retirement Services, Sales & Marketing. "As provincial and
federal governments continue to focus on reforms to Canada's retirement
income system, more plan sponsors are requesting services to help plan
members take charge of their financial futures. Together with our
in-house retirement planning education resources and Acquaint's
financial education services, Great-West Life is providing solutions to
help plan sponsors achieve this goal."
Asaf Shad, President and CEO of Acquaint Financial Inc., says, "As
independent financial educators, our mandate is to provide effective,
interactive and reliable financial education. Educated members are
likely to make better financial decisions. Together with Great-West
Life, we can help members improve their personal financial plans and
take charge of their financial future."
About Acquaint Financial Inc.
Acquaint Financial Inc. is an independent provider of fee-for-service
financial education and counselling solutions for employees across
Canada. Acquaint provides dynamic financial education services to make
it easier for employers to fulfill their fiduciary responsibilities
while helping their members prepare for a financially secure future.
Acquaint is headquartered in Brampton.
About Great-West Life
Great-West Life administers over 17,000 group retirement plans and over
1.2 million member accounts, representing nearly 30 per cent of capital
accumulation plans (CAPs) in Canada.* In the United States, Great-West
Life is the fourth-largest group retirement plan record keeper based on
total participants and Putnam Investments adds to the organization's
North American presence in this market.
* As of September 30, 2010
SOURCE Great-West Lifeco Inc.
For further information:
Marlene Klassen, APR
Assistant Vice-President, Communication Services