John Hancock Retirement Plan Services Now Top 15 Provider in Mid Plan Market
“Manulife is a major player in the pensions business in
With the closure of the transaction, JHRPS’s retirement plan assets under administration have increased by approximately 60 percent to
“Retirement Plan Services is a significant portion of John Hancock’s wealth business, and having greater scale, added capabilities and talent, positions us as a major plan provider in the U.S. retirement plan business,” said
Highlights of the Transaction
- Accelerates Manulife’s growth strategy for wealth and asset management businesses around the world.
- Complements recent investments in similar businesses in
- Adds significant scale and new capabilities to JHRPS business in
the United States.
- Provides strong presence in
the United Statesmid-case and large-case retirement plan markets, and builds on leading position in the small-case market.
“Our entire organization is focused on knowing and serving our customers for the ultimate benefit of our retirement plan participants,” continued
The reinsurance transaction announced in
About John Hancock Financial and Manulife
Manulife is a leading
The John Hancock unit, through its insurance companies, comprises one of the largest life insurers in
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