Helping advisers capture 401(k) rollovers

John Hancock's new program is designed to help 401(k) plan advisers capture and retain rollover assets.
NOV 07, 2007
John Hancock announced a new program today designed to help 401 (k) plan advisers capture and retain rollover assets when participants leave 401 (k) plans. John Hancock Retirement Income & Rollover solutions, a unit of John Hancock Financial Services of Boston, launched the “Rollover Rewards” program this week. The program, available only to participants in 401 (k) plans provided by John Hancock, is designed to offer a process for rolling over a 401 (k) balance from an employer-sponsored plan to a new IRA account. Qualified participants will be referred back to the plan adviser. The company is also building a call center to assist participants with their rollovers. John Hancock Retirement Plan Services has more than $50 billion in funds under management. John Hancock Financial is a unit of Manulife Financial Corporation, a financial services group based in Toronto.

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