Products September 7, 2011

John Hancock Annuities Launches Inflation-Adjusted Annuity

John Hancock Annuities has launched “Inflation Guard,” an annuity that combines a principal guarantee with the ability to help protect the purchasing power of retirement assets from the impact of inflation.
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The principal guarantee, backed by the claims-paying ability of the contract issuer, applies when the contract is held to term. Inflation Guard also provides the ability to help protect clients’ purchasing power from the impact of inflation.

Clients will receive a fixed guaranteed interest rate during the first year of the contract. For each subsequent contract year, the interest rate a client receives is a floating rate, based on the inflation rate determined by the year-over-year change in the Consumer Price Index-Urban (CPI-U), plus a guaranteed margin that is determined at issue. The interest rate will never be less than zero (the floor), and will be subject to a cap, which is also set when the contract is issued. Interest rates will be determined by John Hancock on a weekly basis. 

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“We believe inflation-protected investing is a separate and distinct asset class, and have observed the need for this type of product in the marketplace,” said Mike Treske, President, John Hancock Annuities Distribution.

To find out more about Inflation Guard, visit www.jhannuities.com.

Deals & People September 7, 2011

Forward Management Expands Sales and Marketing Teams

Forward Management has appointed Jason Clarke as a Vice President of Sales and Eileen McCarthy as a Senior Product Marketing Manager.
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Clarke has joined Forward’s Intermediary Sales team as a Regional Sales Director for the Eastern territory. He will focus on serving financial advisers in the Eastern region. Clarke has served as a Vice President in the Wealth Management division at Merrill Lynch, where he assisted in overseeing the Mid-East region of Ohio, Michigan, and West Virginia. He holds the Certified Investment Management Analyst designation and a B.S. in Business Administration from The College of New Jersey. 

McCarthy will develop marketing and communication programs and materials to support Forward’s growing alternative product lineup. In her previous position, McCarthy was Director of Marketing Communications at Mellon Capital Management in San Francisco. She supported multiple sales channels and client teams throughout the U.S. and abroad. She previously held senior marketing roles at Bank of America and Wells Fargo and holds a B.A. from San Diego State University.

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