Brookfield's Expansion into Retail Wealth Market Set to Dominate Retirement Accounts

Brookfield Corp. is expanding into the retail wealth world, targeting retirement accounts with annuities and private alternative-asset funds. The company aims to tap into the growing retirement market, as populations age and rules around defined contribution retirement plans change. Brookfield Wealth Solutions has acquired three US insurance companies and recently struck a deal to acquire UK insurer Just Group Plc.