According to a John Hancock RPS announcement, under this new agreement, 8,500 financial representatives from Morgan Stanley will now be able to offer 401(k) plans including John Hancock’s JH Signature line and defined contribution plans with the Guaranteed Income for Life feature.
“This partnership is a win-win, for John Hancock and Morgan Stanley. We’ve now got more reach, and they’ve got access to a top product. But it’s the business owners who benefit the most – they’ll get both a great retirement plan for themselves and their employees and an excellent team looking after their needs,” said Art Creel, Executive Vice President, Sales & Marketing, John Hancock RPS, in the announcement.
More information about John Hancock Retirement Plan Services’ offerings is at http://www.jhrps.com/us/ .