John Hancock Mutual Life Insurance Co.'s planned acquisition of Transamerica Corp.'s mutual fund business could take a promising player out of the business of marketing funds through banks.

Though Transamerica channels one-sixth of its fund sales through banks, John Hancock does only 5% of its business this way. And the chief of John Hancock's mutual fund unit doesn't see much value in changing that.

Limited Time Offer

Save $400 off your subscription. Special offer ends April 30, 2017.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.