A financial services giant has formed a new distribution relationship.
A unit of Morgan Stanley & Company Inc., New York, has agreed to market 401(k) plan services from John Hancock Retirement Plan Services, Boston, a unit of Manulife Financial Corp., Toronto, through 8,500 financial representatives.
The Morgan Stanley reps now can offer a variety of Hancock 401(k) plans, including the JH Signature plans and Hancock defined contribution plans with the Guaranteed Income for Life feature, Hancock says.
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