Investment Processes and Options recognized for fourth consecutive year
Boston– John Hancock has earned a favorable Quality Evaluation for the fourth year in a row from Standard & Poor’s Investment Advisory Services LLC (“SPIAS”), a unit of Standard & Poor’s. The favorable Quality Evaluation was awarded to John Hancock for its investment options and manager selection and monitoring process as of December 6, 2006.
In a review of John Hancock’s lineup of investment options, SPIAS determined that they present “an acceptable basis for individuals to make more informed decisions as they seek to achieve their investment objectives and reach their long-term retirement goals.” SPIAS also reviewed John Hancock’s criteria, processes and procedures for selecting and monitoring investment options, and found them “to consistently adhere to industry standards for prudent selection and monitoring.”
“This evaluation from SPIAS signifies that our efforts to maintain a consistent, high level of investment excellence are on track and that our customers—whether they be financial consultants, 401(k) plan sponsors and participants, annuity contract holders, or insurance policyholders—can feel confident in the investment options that are made available,” said Bruce R. Speca, Executive Vice President, Investment Management Services at John Hancock. “With potentially thousands of investment options in the marketplace from which to choose, identifying the most appropriate vehicles for a portfolio can be a time-consuming process for financial consultants and their clients. At John Hancock, we address this challenge by providing access to best-of-class investment platforms built on a foundation of thorough research and ongoing diligence.”
In its review, SPIAS evaluated the entire line-up of investment options available in the John Hancock Trust platform, which is shared by John Hancock’s annuity, 401(k), and life insurance products, as well as the John Hancock Series platform, which is part of its
401(k) products. The review consisted of an analysis of the investment options offered in these products as of December 6, 2006. Each investment option was analyzed for consistency of performance, competitive level of costs, and sufficiency of manager tenure. Additional analysis was performed to review the diversity of investment options being offered in each product’s investment line-up.
“The goal of SPIAS’ Quality Evaluation is to provide an independent, third party review of the investment options John Hancock has selected,” explains Phil Edwards, Managing Director of Standard & Poor’s Investment Advisory Services. “SPIAS’ evaluation demonstrates that the portfolios in John Hancock’s program have met the tests outlined.”
About John Hancock and Manulife Financial
John Hancock is a wholly-owned subsidiary of Manulife Financial Corporation, a leading Canadian-based financial services group serving millions of customers in 19 countries and territories worldwide. Operating as Manulife Financial in Canada and Asia, and primarily through John Hancock in the United States, the Company offers clients a diverse range of financial protection products and wealth management services through its extensive network of employees, agents and distribution partners. Funds under management by Manulife Financial and its subsidiaries were Cdn$414 billion (US$355 billion) as at December 31, 2006.
Manulife Financial Corporation trades as ‘MFC’ on the TSX, NYSE and PSE, and under ‘0945’ on the SEHK. Manulife Financial can be found on the Internet at www.manulife.com.
The John Hancock unit, through its insurance companies, comprises one of the largest life insurers in the United States. John Hancock offers a broad range of financial products and services, including life insurance, fixed and variable annuities, mutual funds, 401(k) plans, long-term care insurance, college savings and other forms of business insurance.
John Hancock carries the highest—“AAA”—financial strength rating from Standard & Poor’s Ratings Services.
About Standard & Poor’s Investment Advisory Services LLC
In 1995, Standard & Poor’s Investment Advisory Services LLC (SPIAS) was established as a subsidiary of The McGraw-Hill Companies, Inc. for the express purpose of providing investment advice to the financial community. Today, SPIAS is widely used by brokerage firms, mutual funds, insurance companies, retirement plans, financial planners and other financial services professionals.
Standard & Poor’s Investment Advisory Services LLC (“SPIAS”) is a registered investment adviser and a wholly-owned subsidiary of The McGraw-Hill Companies, Inc. “S&P” and “Standard & Poor’s” are trademarks of The McGraw-Hill Companies, Inc.
Standard & Poor’s Investment Advisory Services LLC (“SPIAS”) is not affiliated with John Hancock USA and its affiliates. SPIAS does not provide advice to John Hancock USA’s underlying clients. SPIAS does not act as "fiduciary" or as an "investment manager", as defined under ERISA, to any investor. SPIAS is not responsible for client suitability.
The investment products sold by John Hancock are not endorsed, sold or promoted by SPIAS and its affiliates, and SPIAS and its affiliates make no representation regarding the advisability of investing in these products or as to the performance thereof. The review by SPIAS is not a recommendation to buy, sell or hold any investment option or security or to participate in any of John Hancock USA’s products.
SPIAS makes no warranties, express or implied, as to results to be obtained from use of information provided by SPIAS and used in this service, and SPIAS expressly disclaims all warranties of merchantability or fitness for a particular purpose or use with respect thereto. While SPIAS has obtained information believed to be reliable, SPIAS shall not be liable for any claims or losses of any nature in connection with information contained in this document, including but not limited to, lost profits or punitive or consequential damages, even if it is advised of the possibility of same.
Analytic services and products provided by Standard & Poor’s are the result of separate activities designed to preserve the independence and objectivity of each analytic process. Standard & Poor’s has established policies and procedures to maintain the confidentiality of non-public information received during each analytic process.
John Hancock Distributors LLC (“JH distributors”) is the principal distributor of the policies and the principal underwriter of the securities offered through John Hancock USA and of other annuity and life insurance products we and our affiliates offer. JH Distributors also acts as the principal underwriter of the John Hancock Trust, whose securities are used to fund certain investment accounts under the policies and under other annuity and life insurance products we offer.
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