TORONTO, Jan. 8 /CNW/ - Manulife Financial Corporation today said a news
report yesterday that state regulators in the U.S. were investigating
accounting practices regarding investments made by the company's US. Division
was completely erroneous.
The company said it has not been advised by any regulators - and has no
reason to believe - that any of its accounting practices are being
"The report of an investigation of our accounting practices is false,"
said Peter Rubenovitch, Manulife's Chief Financial Officer. "We are extremely
disappointed that these false allegations made by anonymous sources made it to
About Manulife Financial
Manulife Financial is a leading Canadian-based financial services group
serving millions of customers in 19 countries and territories worldwide.
Operating as Manulife Financial in Canada and Asia, and primarily through John
Hancock in the United States, the Company offers customers a diverse range of
financial protection products and wealth management services through its
extensive network of employees, agents and distribution partners. Funds under
management by Manulife Financial and its subsidiaries were $385.3 billion
(US$363.5 billion) as at September 30, 2008.
Manulife Financial Corporation trades as 'MFC' on the TSX, NYSE and PSE,
and under '0945' on the SEHK. Manulife Financial can be found on the Internet
For further information:
For further information: Laurie Lupton, Phone: (416) 852-7792, E-mail: