Empower Retirement to acquire Personal Capital
"Empower and Personal Capital are joining forces to take the next step forward in the evolution of an integrated platform to deliver personalized advice, financial wellness and comprehensive financial planning to millions of individual investors and retirement plan participants."
Americans digging deep, would cut spending or sell valuables before reaching into retirement savings
New Empower research finds that Americans are determined to keep their hands off their retirement savings, even when faced with financial difficulties.
Data shows most plan participants want to avoid taking money out of their retirement accounts.
Empower Retirement, the nation’s second largest retirement plan provider, was named 2020 Retirement Leader of the Year in the annual Mutual Fund Industry Awards.
Financial market perspective and relief programs
1 As of June 30, 2020.
2 As of June 30, 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 June 30, 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 and GWFS Equities, Inc. GWLA’s consolidated total assets under administration (AUA) were $679.8B. AUA is a non-GAAP measure and does not reflect the financial stability or strength of a company. GWLA’s statutory assets total $50.1B and liabilities total $48.8B. GWLANY statutory assets total $1.68B and liabilities total $1.57B.