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John Hancock Launches Streamlined Proposal

The new proposal and PRIME pitchbook are built around the five PRIME elements of retirement plan

John Hancock Retirement Plan Services (RPS), a unit of Manulife Financial, has introduced a streamlined proposal. It is designed to make it easier for plan sponsors to ensure that all the important elements of 401(k) plan are included in their considerations.

The company claims that the new proposal was launched with a new design, new content and new packaging. The new proposal and PRIME pitchbook are built around the five PRIME elements of retirement plan.

Andrew Ross, Senior Vice President of Marketing, RPS, said: We are very excited about the success of the PRIME Elements program and extending it to include a new proposal was a natural next step.

RPS said that the new proposal was built to be flexible. It is to allow financial advisors and plan consultants to highlight elements that are of particular relevance to a plan sponsor, while ensuring all important aspects of a 401(k) plan.