Strategic arrangement with Franklin Templeton offers additional fund flexibility to Manulife's Canadian group retirement clients
WATERLOO - Manulife Financial has confirmed a new strategic arrangement with Franklin Templeton Investments Corp. Under the terms of this agreement, Franklin Templeton LifeSmart Portfolios - a target date product with risk overlay options - will be made available to Canadian group retirement clients who are interested in adding a target date fund to their retirement programs, beginning September 1, 2010.
"LifeSmart Portfolios are a great addition to Manulife's investment platform, giving plan sponsors a choice between two different target date solutions - one with risk overlay and one without risk overlay." explains Mike Collins, Marketing Vice President of Group Retirement Solutions, Manulife.
LifeSmart Portfolios combine the benefits of target date, target risk and active portfolio management, providing strong performance potential with a simplified investment process for plan sponsors and their plan members.
"Franklin Templeton's reputation as a leading fund manager - with strong capabilities to provide a risk overlay on target date funds - positions the firm as an ideal collaborator with Manulife," said Duane Green, Senior Vice President for Institutional Investment of Franklin Templeton Investments.
The addition of LifeSmart Portfolios to Manulife's investment platform reflects Manulife's continuing commitment to easing plan management for plan sponsors while engaging plan members to plan actively for retirement.