Welcome to our dedicated page for Manulife Finl news (Ticker: MFC), a resource for investors and traders seeking the latest updates and insights on Manulife Finl stock.
Manulife Financial Corporation reports developments across its international insurance, financial advice, health solutions, and wealth and asset management businesses. The company operates as Manulife in Canada and Asia and primarily as John Hancock in the United States, with news commonly covering insurance distribution, retirement services, investment solutions, customer health and longevity initiatives, and community programs.
Recurring updates also include quarterly and annual results, dividend announcements, annual meeting materials, management information circulars, shareholder voting matters, executive conference participation, and capital actions involving common and preferred shares. News from John Hancock adds detail on U.S. insurance sales, executive benefits, the John Hancock Vitality program, and longevity-focused research and planning tools.
On October 28, 2020, John Hancock Retirement released its seventh annual financial stress survey, highlighting significant increases in financial stress among U.S. and Canadian workers due to COVID-19. The survey revealed that those reporting high financial stress surged to 27%, up from 11% pre-pandemic. Despite this, interest in financial advice has grown, with 75% of respondents valuing employer-sponsored financial wellness programs. Notably, over a third of U.S. respondents rated their financial situation as fair or poor, while 90% deemed financial wellness programs vital from their employers.
Manulife Investment Management has been recognized in the PRI Leaders' Group 2020 for its excellence in responsible investment, particularly in climate reporting. The firm highlighted its ESG initiatives in its annual Sustainable and Responsible Investing Report, showcasing progress made in both public and private markets during 2019. Key achievements include earning top scores in various PRI assessments, formalizing governance structures, and winning the 2019 SDG Canadian Leadership Awards. With CAD$900 billion in assets under management, the firm continues to focus on integrating sustainability in investment strategies.
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On October 1, 2020, Manulife Investment Management's Strategic Fixed Income Strategy was awarded the Active Global Fixed Income Strategy of the Year by the Pension Bridge Institutional Asset Management Awards. The evaluation highlighted its strong performance, ranking in the top quartile for 1-year and the second quartile for 3 and 5-year periods compared to peers. The award considered various criteria, including performance returns, asset growth, and ESG integration. As of June 30, 2020, Manulife managed assets worth CAD$900 billion (US$660 billion), showcasing its robust capabilities in global fixed-income markets.
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Manulife Investment Management has achieved A+ scores from the United Nations-supported Principles for Responsible Investment (PRI) for the second consecutive year, recognizing its superior integration of ESG factors in investment practices across various asset classes. Significant improvements were noted in ESG engagement and analysis, with CAD$900 billion in assets under management as of June 30, 2020. The company aims to lead in sustainable investing, demonstrating commitment through enhanced transparency and active company engagement.
John Hancock Investment Management has appointed Frances G. Rathke as an Independent Trustee of the John Hancock Group of Funds Board of Trustees, effective September 15, 2020. With a solid background in corporate finance and experience in consumer brands, Rathke is expected to bring valuable insights to the board. She has held senior positions at companies such as Keurig Green Mountain and Ben & Jerry's, and is qualified as a certified public accountant. Additionally, she joins various committees including the Audit, Nominating and Governance, and Investment Committees.
John Hancock Retirement reports strong resilience among retirement savers amid the COVID-19 pandemic. As of July 2020, over 1 million participants maintained their savings allocations, with only a small fraction opting for coronavirus-related distributions. The company emphasizes the effectiveness of retirement plan design, highlighting that 63% of participants utilizing automatic enrollment and increases are retirement-ready. The data reveals that younger participants, especially those aged 30-39, exhibit higher retirement readiness rates, reinforcing the importance of proactive plan features.
John Hancock Retirement, a part of Manulife Investment Management, has been selected by U.S. Toray Group Companies to provide retirement plan services for nearly 2,400 participants. The plan, valued at approximately $250 million in assets, will enhance retirement planning for Toray's U.S. employees. John Hancock aims to create a personalized plan that reflects the unique needs of each participant. As of June 30, 2020, John Hancock managed over $177 billion in assets under management across more than 51,000 retirement plans.
On September 10, 2020, Roy Gori, the President and CEO of Manulife, will present at the 21st Scotiabank Financials Summit starting at 8:30 a.m. EST. Interested attendees can access the live audio webcast or find a replay available for three months after the event. As of June 30, 2020, Manulife had $1.2 trillion in assets under management and provided $30.6 billion in payments to customers over the past year.