By: David I Gensler, MSPA, MAAA, EA
OK, so I am being a bit overly dramatic here. John Hancock is not an empire and they are not exactly striking back. However Manulife, the Canadian insurance company that owns John Hancock is ranked number 212 in Fortune magazine’s 2015 list of the Fortune Global 500. So they are a pretty big company. And on its own, insurance company John Hancock is not exactly chopped liver either.
Manulife and John Hancock published an open letter in response to John Oliver’s segment on Last Week Tonight https://www.youtube.com/watch?v=gvZSpET11ZY about its experience with John Hancock when it attempted to set up a 401(k) plan (you can get a copy of the letter here) for the show’s staff.