"New York Life handles pensions and retirement plans for labor unions and mid-size to large companies, such as the office supply chain Staples Inc. Until now, John Hancock has provided retirement planning services primarily to start-ups and smaller business. The acquisition will bring $135 billion in assets and 55,000 retirement plans under John Hancock's administration. As part of the purchase, John Hancock expects to offer positions to all 450 New York Life employees in Westwood who handle the retirement segment[.]"  MORE >>