Manulife Financial has launched Health Management Services, a new service to help plan sponsors manage their benefits costs. The new service offers employers a “unique and practical solution that takes the traditional approach of promoting employee health and wellness two steps further,” according to a release from the company. Health Management Services creates an analysis […]
State Street Corp. has been appointed by Manulife Asset Management Ltd. of Toronto to provide investment services for Manulife Asset Management Pooled Funds and Manulife Canadian Real Estate Funds totalling $2.2 billion in assets. State Street will provide custody, investment accounting, financial reporting, transfer agency and record keeping for Manulife Asset Management’s 26 pooled funds, […]
Peter Bethlenfalvy has joined Manulife Financial in the role of senior vice-president, financial regulations. He will be responsible for strategy and monitoring of financial regulatory systems throughout the world. “We are delighted to have Peter join Manulife,” said Michael W. Bell, senior executive vice-president and chief financial officer. “His global financial expertise and strong capital […]
Manulife Financial Corp. has announced significant progress on its goal of reducing its underlying earnings sensitivity to equity market and interest rate movements in the fourth quarter of 2010. Manulife has a goal of executing additional hedges so that approximately 60% of its underlying earnings sensitivity to equity market movements is hedged by the end […]
Manulife Financial Corp. is hosting its annual Institutional Investor Day in Toronto today, where Manulife senior management will present Manulife’s strategic direction and objectives to increase net income to $4 billion in 2015 and improve return on common shareholders’ equity (ROE) to 13% by 2015. Over the past several quarters Manulife has been repositioning its […]
Canada’s largest life insurance provider posted a C$947 million loss in the third quarter, which has been blamed on low interest rates and a C$1 billion writedown on Manulife’s U.S. insurance business. Group retirement solutions sales were down in the third quarter. The company’s 2009 third quarter sales were boosted by strong results in the […]
Manulife Financial has rolled out a new long-term disability program designed for executives and professionals. The Executive LTD program is available as a group benefit for high-income employees. “Employers across Canada have told us they need an enhanced and integrated benefit to provide their executives and professional staff with a higher level of long term […]
Manulife has announced an exclusive arrangement with personal finance writer Gail Vaz-Oxlade to provide group retirement plan members with expert advice. The host of the television series, Til Debt Do Us Part, Vaz-Oxlade’s practical approach has earned her a loyal following. “We’re really pleased about forming this relationship with Gail,” said Sue Reibel, senior vice-president […]
Manulife Financial Corp., and members of its pensions and benefits plans, have nothing to fear if there’s another financial crisis, CEO Don Guloien told an industry conference on Thursday. There has been ongoing concern about Manulife’s exposure to unpredictable equity markets, but the insurance company has taken steps to hedge its portfolio of guaranteed variable […]
Under a new strategic arrangement with Franklin Templeton Investments Corp., Manulife Financial will offer Franklin Templeton LifeSmart Portfolios, a target date product with risk overlay options, to Canadian group retirement clients beginning September 1, 2010. According to Franklin Templeton, LifeSmart Portfolios combine the benefits of target date, target risk and active portfolio management with a […]