Manulife Investments partners with finance experts to help Canadians plan for retirement

    Boomers facing new challenges - product allocation is very important


    TORONTO, Sept. 29 /CNW/ - Manulife Investments is partnering with Dr.
Moshe Milevsky, a renowned personal finance expert, and Toronto-based QWeMA
Group to provide advisors with a new retirement income strategy focused on
product allocation for their clients.
    "Rules for managing your money change dramatically when someone retires,"
says Dr. Milevsky, author of the recently-released book Are You a Stock or a
Bond? published by Financial Times Press. "Success or failure in retirement
rests on what products they own, and specifically the types of protections and
guarantees they have to protect their income."
    Every eight seconds, a Baby Boomer hits retirement age across North
America, yet unfortunately many may not be well-prepared for the years ahead,
he said.
    "Many of us go through our lives saving money, and doing it well. But we
aren't necessarily ready to effectively use and protect those savings through
retirement," Dr. Milevsky explains. "Once the time comes to retire, a new set
of risks such as our longevity, inflation and market volatility can combine to
threaten our financial success."
    Manulife is launching a new Retirement Solutions Centre website for
advisors today, ( The site will include a
proprietary tool to be launched Oct. 27. The tool has been developed by
Manulife, Dr. Milevsky and the QWeMA Group, for financial advisors across
    Dr. Milevsky, a finance professor at the Schulich School of Business at
York University in Toronto, and the QWeMA Group have developed Canada's first
retirement income analysis tool based on Product Allocation for Retirement
Income (PrARI(TM)) algorithmic methods.
    "Manulife is consistently striving to find new ways to help Canadians
better plan their financial lives," says J. Roy Firth, Executive Vice
President, Manulife Financial.
    "This initiative complements what Canadians already have embraced -
including Manulife One, our flexible home line of credit account, and our more
recent initiative Manulife IncomePlus, Canada's first guaranteed minimum
withdrawal benefit product aimed to protect their retirement income."
    The new product allocation tool separates a client's portfolio into three
retirement product categories: immediate annuities; Guaranteed Minimum
Withdrawal Benefit products and traditional products, such as mutual funds
with systematic withdrawal plans.
    Advisors will have access to the tool to evaluate a client's current
portfolio mix based on those categories, then project how likely an ongoing
income stream will be sustainable. The tool can also be used to model product
allocation, to provide various product weighting scenarios that advisors can
adjust to their client's individual needs and goals.

    Investment products are key

    "Everything changes when someone starts to spend their savings in
retirement," explains Dr. Milevsky. "Their success or failure after they
retire will hinge more on the type of investment products they own - product
allocation - including protections and guarantees, rather than just what types
of assets they own."
    Investors need to allocate their assets among three basic different
categories, designed to meet the biggest financial risks that face boomers -
outliving their savings, inflation and market volatility.

    Product allocation

    Dr. Milevsky notes that asset allocation can account for 90-95 per cent
of investment performance and success when Canadians save for retirement. But
as they approach and move into retirement, the type of financial products
investors own will determine their financial health in their post-working
years. The best approach will ensure lasting income throughout retirement.
Manulife Investments believes product allocation plays a greater role in
retirement planning success or failure.
    To view a video of Dr. Milevsky discussing product allocation, please
click here:

    About Manulife Investments

    Manulife Investments is the brand name describing certain Canadian
subsidiaries and operating divisions of Manulife Financial Corporation that
offer personal wealth management products and services in Canada. As one of
Canada's leading integrated financial services providers, Manulife Investments
offers a variety of products and services including segregated funds, mutual
funds, annuities and guaranteed interest contracts.

    About QWeMA Group

    The QWeMA Group Inc., an abbreviation of Quantitative Wealth Management
Analytics Group, develops and licenses unique probability-analytic
intellectual property and educational software for the financial services &
retirement industry. QWeMA is privately owned and operated by a network of
University based financial engineers, computational scientists and applied
mathematicians. For more information please visit

    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 clients 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 Cdn$400 billion
(US$393 billion) as at June 30, 2008.
    Manulife Financial is one of two publicly traded life insurance companies
in the world whose rated life insurance subsidiaries hold Standard & Poor's
Rating Services' highest "AAA" rating.
    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: Media contact: Tom Nunn, Manulife Financial,
(519) 594-8578,

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