John Hancock-owned Maritime Life announced that it will form strategic alliances with four of Canada's leading mutual fund companies. The alliances are expected to add 16 new fund options to Maritime Life's segregated fund products -- the Canadian equivalent of a variable annuity.

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"Our primary consideration was to build on our existing fund family to further diversify the fund choices we provide to our investors," said David Star, Maritime Life vice president of investment product development.

The four companies with whom Maritime Life is partnering include: AGF Management Limited, Fidelity Investments Canada Limited, Global Strategy Financial Inc., and Talvest Fund Management Inc.

"Research shows that most Canadian investors want information, education and advice when it comes to investing. Fidelity is pleased to partner with Maritime Life and welcomes Maritime as a significant, new advice distributor of our funds," said Carol De Veau, vice president, Fidelity Investments Canada Limited.

For Talvest Fund Management, this venture marks a second phase to their strategic alliance with Maritime Life. In November of 1998, Maritime Life and Talvest partnered to create a family of five segregated fund portfolios marketed under the trademark of Synchrony Funds.

"We are pleased to further our relationship with Maritime Life and to offer investors a class of seg funds that goes beyond the standard seg offerings," says Sylvain Brosseau, vice president of Talvest.

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