Boston-based John Hancock Retirement Plan Services has partnered with investment benchmarking provider NextCapital to offer automated investment advice to its 401k and individual retirement account rollover businesses. The new service is available for a limited time only in the U.S. but will be rolled out globally over time. The new advice platform will be launched within a year, according to John Hancock CEO Peter Gordon.
Boston-based John Hancock Retirement Plan Services has partnered with investment benchmarking provider NextCapital to offer automated investment advice to its 401k and individual retirement account rollover businesses. By providing a digital platform for different channels of investment including IRA, differences between a plan participant and an IRA rollover are managed, and investors and advisers can complete rollovers more quickly. The new advice platform will be launched within a year, according to John Hancock CEO Peter Gordon.