TSX/NYSE/PSE: MFC
SEHK:945
WATERLOO, ON, Sept. 17, 2013 /CNW/ - Manulife Investments today announced the launch of Manulife RetirementPlus™,
designed for people who are between five and 15 years from retirement.
Manulife RetirementPlus provides the opportunity for retirement savings
growth through equity participation, the potential to benefit from
rising interest rates, and the option to choose a future guaranteed
lifetime income - all within a single flexible contract.
"Manulife RetirementPlus is the first-of-its-kind in Canada to offer
clients the opportunity to benefit from market upside potential and
unprecedented flexibility to customize their retirement plan," said
Paul Lorentz, Executive Vice President and General Manager, Retail
Markets. "Manulife RetirementPlus is another example of our forward
thinking approach to the retirement solutions space."
Manulife RetirementPlus has three phases that help support clients
through the key stages of retirement preparation: Savings, Preservation
and Income.
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In the Savings Phase, clients participate fully in the markets and have
a broad range of investment options to choose from, with up to 100 per
cent equity. They also benefit from potentially rising interest rates
that can enhance their future guaranteed income.
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When clients choose to secure a future guaranteed income rate, they can
move some or all of their assets into the Preservation Phase, and have
the option of being in both Savings and Preservation phases at the same
time.
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Finally, in the Income Phase, clients can elect to draw a partial or
full retirement income when needed, starting as early as age 50.
Manulife RetirementPlus can adapt to changing market conditions and
offers clients the flexibility to design retirement plans that suit
their needs and timing - clients choose how long to participate in the
markets and if and when to draw a guaranteed income to meet their full
or partial retirement needs.
"Retirement at age 65 is no longer a foregone conclusion for most
Canadians" said Steve Parker, Assistant Vice President, Guaranteed
Investment Products, Retail Markets. "As a result, clients need
investment solutions that can adapt to their changing lifestyles.
Manulife RetirementPlus offers clients a flexible retirement solution
that can be customized to their individual needs."
Manulife RetirementPlus will be available for sale starting October 28,
2013.
About Manulife Investments
Manulife Investments is the brand name describing certain Canadian
subsidiaries and operating divisions of Manulife Financial Corporation
that offer personal wealth management products and services in Canada.
As one of Canada's leading integrated financial services providers,
Manulife Investments offers a variety of products and services
including segregated fund contracts, mutual funds, annuities and
guaranteed interest contracts.
About Manulife Financial
Manulife Financial is a leading Canada-based financial services group
with principal operations in Asia, Canada and the United States.
Clients look to Manulife for strong, reliable, trustworthy and
forward-thinking solutions for their most significant financial
decisions. Our international network of employees, agents and
distribution partners offers financial protection and wealth management
products and services to millions of clients. We also provide asset
management services to institutional customers. Funds under management
by Manulife Financial and its subsidiaries were C$567 billion (US$539
billion) as at June 30, 2013. The Company operates as Manulife
Financial in Canada and Asia and primarily as John Hancock in the
United States.
Manulife Financial Corporation trades as 'MFC' on the TSX, NYSE and PSE,
and under '945' on the SEHK. Manulife Financial can be found on the
Internet at manulife.com.
SOURCE Manulife Financial Corporation
