John Hancock Investments has cut the fees on its suite of target-date Retirement Living Portfolios, according to a release from the company.
The move follows an aggressive price cut announced in 2014, which reduced fees in the target-date series by 20 to 26 basis points. The latest announcement will reduce fees by another nine basis points across all share classes in the suite of target-date funds.
Morningstar's 2016 Target Date Fund Landscape report lists three series of John Hancock target-date funds: John Hancock Retirement Choices; the Retirement Living II series; and the Retirement Living Through series.
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Nick Thornton
Nick Thornton is a financial writer covering retirement and health care issues for BenefitsPRO and ALM Media. He greatly enjoys learning from the vast minds in the legal, academic, advisory and money management communities when covering the retirement space. He's also written on international marketing trends, financial institution risk management, defense and energy issues, the restaurant industry in New York City, surfing, cigars, rum, travel, and fishing. When not writing, he's pushing into some land or water.
