In an effort to expand integrated lifetime retirement solutions for consumers, John Hancock has formed a business unit that will create new solutions for retirement income goals. The Retirement Income and Rollover Solutions unit will complement the company’s Wealth Management business.

“This new business unit reflects our ongoing commitment to focus our expertise on developing products that meet the retirement income needs of our customers and the financial advisors who help them keep promises for a secure future,” said Hugh McHaffie, president of the Wealth Management group.