Peter Gordon is chief executive officer, John Hancock Retirement Plan Services, part of John Hancock Financial, the U.S. division of Toronto-based Manulife Financial Corporation. Previously he was the president of John Hancock Financial Network, the company’s national network of independent firms, and its broker-dealer, Signator Investors, Inc. John Hancock services over 56,000 plans and nearly 2.7 million participants. EBN recently spoke with Gordon about Hancock’s approach to serving the 401(k) market, as well as broader industry issues.
John Hancock is not currently offering a traditional annuity product for incorporation into defined contribution plans. Why not?
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