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Hancock To Guarantee Retirement Plan Fund Options

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John Hancock Retirement Plan Services is offering a warranty for 401(k) plan investment menus.[@@]

Hancock Retirement, Boston, a unit of Manulife Financial Corp., Toronto, says its new Fiduciary Standards Warranty program will protect all Hancock Retirement plan sponsors that offer plan members at least 5 lifestyle portfolios and at least 1 option from each of several different asset categories.

Hancock Retirement will “restore plan losses and pay litigation costs related to the suitability of this process or the investment options themselves,” the company says.