Manulife Wealth & Asset Management

Manulife Wealth & Asset Management is a global investment and financial planning service provider that is part of Manulife Financial Corporation. The firm specializes in delivering personalized wealth management solutions and investment strategies tailored for individual and institutional clients.

CCI Score

-47.58

0.03% April 18

Latest Event

Manulife Global Staff Layoffs Impact Worker Rights

Manulife Wealth & Asset Management announced a reduction of approximately 2.5% of its global wealth and asset management staff as part of a restructuring aimed at focusing on high growth priorities. The decision, reported on October 30, 2024, raises concerns regarding the company's labor relations and its impact on employee job security.

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QUISLING

Manulife Wealth & Asset Management is currently rated as a Quisling.

-44 to -59 CCI Score

These companies are fully aligned with authoritarian regimes. They not only support but also enforce oppressive policies, playing a significant role in the regime’s operational apparatus and contributing directly to its consolidation of power.

Latest Events

OCT

30

2024

Manulife Global Staff Layoffs Impact Worker Rights
-38.17

Manulife Wealth & Asset Management announced a reduction of approximately 2.5% of its global wealth and asset management staff as part of a restructuring aimed at focusing on high growth priorities. The decision, reported on October 30, 2024, raises concerns regarding the company's labor relations and its impact on employee job security.
-40

Labor Relations and Human Rights Practices

April 8

The staff reduction undermines worker rights and job security. Although presented as part of a strategic restructure, laying off 2.5% of the workforce reflects negatively on Manulife's commitment to fair labor practices and the well-being of its employees.

Manulife cuts 2.5% of its global wealth and asset management staff
DEC

31

2023

Manulife Lobbying Expenditure 2023
-43.90

Manulife Financial spent $1,030,000 on lobbying efforts during 2023, as reported by OpenSecrets. This expenditure highlights the firm's active engagement in political influence, raising concerns over corporate interference in democratic policymaking.
-50

Political Contributions and Lobbying Efforts

April 8

The reported lobbying expenditure of $1,030,000 in 2023 suggests that the company is heavily involved in political lobbying. Such significant financial influence can facilitate regulatory capture and support policies that favor corporate interests over democratic accountability, reflecting an activity that is concerning from an anti-fascist perspective.

Manulife Financial Lobbying Profile • OpenSecrets
NOV

14

2023

Manulife Cuts 250 Jobs in Asset Management and Wealth Unit
-60.68

Manulife Financial Corp. reduced its workforce by cutting 250 jobs in its asset management and wealth unit across offices in the US, Canada, the UK, and Asia as part of cost-cutting measures in response to market volatility and rising interest rates.
-70

Labor Relations and Human Rights Practices

April 8

The mass layoffs directly impact worker rights and employment stability. From an anti-fascist, pro-worker perspective, reducing 250 jobs across multiple regions undermines labor relations and worker security, reflecting a broader trend of prioritizing cost-saving measures over employee welfare.

Manulife Cuts 250 Jobs in Asset Management and Wealth Unit