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Plan participants get enhanced fund information from Manulife BOSTON – Manulife Financial is providing 401(k) plan participants with enhanced and redesigned fund sheets, in print and online, beginning in March 2002. The new fund sheets are available to all participants of group annuity contracts with The Manufacturers Life Insurance Company (U.S.A.). The revamped sheets more effectively present the quarterly information on underlying funds, such as top holdings, industry and sector classifications, portfolio statistics, and long-term performance compared to a benchmark. The new online fund sheets also include asset manager information and fund commentary. The new look and enhanced information are the result of feedback from focus groups with financial consultants and pension participants. “The enhanced fund sheets make it easier for both novice and sophisticated participants to determine which investment options in their company’s retirement plans best suit their needs,” said Kendall Kay, Chief Strategy Officer, U.S. Group Pension, Manulife Financial. “This can help build participants’ confidence about achieving retirement goals. It will also help plan sponsors select and monitor the Funds by providing more comprehensive information,” he added. “These enhancements to the retirement savings tools available online and in print reflect Manulife’s ongoing commitment to providing the kind of clear and useful communications that participants need,” said Kay. Recently, Manulife was awarded the 2002 DALBAR Communications Seal for excellence in meeting the needs of retirement plan participants, the “Best of Show” award from the Life Communicators Association (LCA) for superior 401(k) enrollment materials, and a "Top Rating" in communications materials and overall participant service from Plan Sponsor magazine. The 2002 DALBAR Communications Seal for excellence in meeting the needs of retirement plan participants; LCA award was in the “financial services products – 401(k), 403(b) and RRSP materials” class, topping 20 other entries; as cited in Plan Sponsor magazine (Nov. 2001) Plan Sponsor DC 2001 Survey. About Manulife Financial Manulife Financial is committed to offering the highest quality annuity, life insurance, pension and tax-deferred college savings products to its U.S. clients. Its family of products has been built around a powerful combination of investment options chosen with the goal of providing risk-adjusted returns and broad diversification across asset classes, investment styles, and asset managers. With its broad product lines, competitive underwriting, excellent ratings, and quality customer service, Manulife Financial is dedicated to providing quality products designed to help create and preserve wealth for its clients. Group annuity contracts are issued by The Manufacturers Life Insurance Company (U.S.A.). Product features and availability may differ by state. In New York, products are issued by The Manufacturers Life Insurance Company of New York (Manulife New York). Manulife Financial is a leading Canadian-based financial services group operating in 15 countries and territories worldwide. Through its extensive network of employees, agents and distribution partners, Manulife Financial offers clients a diverse range of financial protection products and wealth management services. Funds under management by Manulife Financial were U.S.$89.3 billion (Cdn$142.2 billion) as at December 31, 2001. Manulife Financial Corporation trades as ‘MFC’ on the TSE, NYSE and PSE, and under ‘0945’ on the SEHK. Manulife Financial can be found on the Internet at www.manulife.com. -30- Media Contact: Catharine Bufalino U.S. Communications 617-854-4342 catharine_bufalino@manulife.com |
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