John Hancock Retirement Plan Services Expands Financial Wellness Resources to Help Participants Live Well Today and Prepare for a Secure Retirement…

John Hancock Retirement Plan Services Expands Financial Wellness Resources to Help Participants Live Well Today and Prepare for a Secure Retirement Tomorrow

By a News Reporter-Staff News Editor at Obesity, Fitness & Wellness Week -- John Hancock Retirement Plan Services (JHRPS) is enhancing its financial wellness resources with My Money Connector1, which will provide all JHRPS plan participants with the ability to view all their financial accounts together and tools to help manage their finances. It is the most recent addition to JHRPS' suite of financial wellness solutions, which includes holistic financial education and wellness tools, in addition to retirement planning resources (see also John Hancock Retirement Plan Services).

Integrated into the John Hancock participant digital experience, My Money Connector uses data aggregation to provide participants with a view of their liability and asset accounts, and provides personal financial management modules to help them optimize their finances. My Money Connector links to accounts at thousands of institutions, including brokerage/retirement accounts, 529 plans, HSA accounts, checking accounts, savings accounts, credit cards, mortgages, and personal loans. With this robust view of their finances, participants can use My Money Connector to build a budget, monitor spending, establish savings goals, and help manage their finances.

"At JHRPS, we're committed to helping participants manage their finances while on their personal journey to retirement," said Patrick Murphy, president and CEO, John Hancock Retirement Plan Services. "My Money Connector is a critical building block in our suite of personalized financial wellness solutions presenting participants with a view of their overall financial picture and providing them the tools to manage it. By providing personalized education, guidance and advice, we help people build a financially secure future, and when individuals control their spending and saving, it builds confidence and reduces stress, which can improve their health and productivity over time."

My Money Connector is targeted to be available for no additional cost to plan sponsors or participants on the JHRPS open architecture platform in August and its group annuity platform in November. In addition to helping individuals, My Money Connector also will provide JHRPS and plan sponsors access to enhanced participant data and insights.

Keywords for this news article include: Wellness, Health and Medicine, Finance and Investment, Investment and Finance, John Hancock Retirement Plan Services.

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