John Hancock Retirement Launches Dynamic Default Investment Feature
John Hancock Retirement has launched a dynamic investment feature available to new clients converting from an existing plan.
With the new feature, participants older than an age set by the plan sponsor will be transitioned automatically from a target-date fund to the John Hancock Personalized Retirement Advice managed account program, which uses Morningstar Investment Management LLC’s advice methodology.“Managed account programs, such as Retirement Advice, are designed to provide customization and adapt to a participant’s evolving financial needs and goals,” said Wayne Park , John Hancock Retirement’s CEO, in a statement. “Nearly […]
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