BOSTON, May 14, 2019 /PRNewswire/ -- John Hancock's
retirement business ("John Hancock")
is upgrading its expansive set of participant financial education
content and tools via a new online learning management system.
My Learning Center tracks and rewards interaction and serves
up key content on the platform's homepage to help retirement plan
participants improve their financial literacy, assess their
personal finances, and work toward retirement readiness at all life
stages.
John Hancock's My Learning
Center offers a financial wellness assessment, retirement
calculators, webinar recordings, podcasts, videos, articles, and
other resources previously available in different areas of the
participant website, all in one location. It also has expanded
financial wellness resources in Spanish.
As participants interact with My Learning Center, they
earn "badges" through a new gamification and rewards system.
Interactions with My Learning Center prompt and advance a
personalized curriculum for the participant. Progression through
the curriculum is curated and the experience is paired with plan
level data to create key recommended actions to drive engagement
and encourage financial fitness and retirement readiness for the
individual.
John Hancock's most recent annual
Financial Stress Survey1 found that poor spending habits
and credit card debt each keep one third of workers from saving
more for retirement. In addition, only a quarter of participants
surveyed were confident in their ability to make the right
financial decisions. Even fewer feel they can plan successfully for
retirement without help.
"To enable people to save for retirement, we first need to help
them understand the obstacles that cause them not to save – and
then provide them with the information they need so they feel
confident about taking the actions that will help them live well
today and tomorrow," said Patrick
Murphy, CEO, John Hancock, US
Retirement. "Our new learning platform goes beyond investment and
benefits planning to identify specific financial stressors and then
builds a learning curriculum customized to the individual, designed
to help boost knowledge of financial topics and encourage action
through intelligent nudges."
My Learning Center is the latest evolution of
John Hancock's commitment to
financial wellness education and holistic financial services that
support advisors and plan sponsors to deliver retirement planning
guidance.
For more information about John
Hancock retirement products and services please click
here.
^ Fifth annual financial stress survey, John
Hancock Retirement Plan Services, Greenwald and Associates,
June 2018. A survey of more than
1,300 workers to learn more about individual stress levels, their
causes and effects, and strategies for relief.
About John Hancock and
Manulife
John Hancock
is a division of Manulife Financial Corporation, a leading
international financial services group that helps people make their
decisions easier and lives better. We operate primarily as
John Hancock in the United States, and Manulife elsewhere. We
provide financial advice, insurance and wealth and asset management
solutions for individuals, groups and institutions. Assets under
management and administration by Manulife and its subsidiaries were
CAD$1.1 trillion (US$849 billion) as of March 31, 2019. Manulife Financial Corporation
trades as MFC on the TSX, NYSE, and PSE, and under 945 on the SEHK.
Manulife can be found at manulife.com.
One of the largest life insurers in the United States, John Hancock supports more than 10 million
Americans with a broad range of financial products, including life
insurance, annuities, investments, 401(k) plans, and college
savings plans. Additional information about John Hancock may be found at
johnhancock.com.
About Manulife Investment Management
Manulife
Investment Management is the global wealth and asset management
segment of Manulife Financial Corporation. We draw on more than 150
years of financial stewardship to partner with clients across our
institutional, retail, and retirement businesses globally. Our
specialist approach to money management includes the highly
differentiated strategies of our fixed-income, specialized equity,
multi-asset solutions, and private markets teams—along with access
to specialized, unaffiliated asset managers from around the world
through our multimanager model1,2. Our personalized,
data-driven approach to retirement is focused on delivering
financial wellness in retirement plans of all sizes to help plan
participants and members retire with dignity.
Headquartered in Toronto, we
operate as Manulife Investment Management throughout the world,
with the exception of the United
States, where the retail and retirement businesses operate
as John Hancock Investment Management and John Hancock, respectively; and in Asia and Canada, where the retirement business operates
as Manulife. Manulife Investment Management had $837 billion in assets under management and
administration as of March 31,
20193. Not all offerings available in all
jurisdictions. For additional information, please visit our
website at manulifeinvestmentmgt.com.
1. Public Markets strategies managed by Manulife Investment
Management, formerly known as Manulife Asset Management and John
Hancock Asset Management. Manulife Investment Management's Private
Markets platform offers long term solutions across private equity
and private credit, real estate equity and debt, infrastructure
equity, timberland and farmland.
2. John Hancock Investment Management's multimanager approach
oversees a global network of over 30 unaffiliated asset management
firms, managing more than 100 investment strategies, in addition to
our affiliated asset managers.
3. Source: MFC financials. Global Wealth and Asset Management AUMA
at March 31, 2019 was $837 billion and includes $189 billion of assets managed on behalf of other
segments and $134 billion of assets
under administration.
About John Hancock US Retirement
As of March 31, 2019, John
Hancock serviced over 59,000 plans with over 2.8 million
participants and $166.5 billion in
AUMA. *
* John Hancock US Retirement consists of John Hancock Life
Insurance Company (U.S.A.) (not
licensed in New York), John
Hancock Life Insurance Company of New
York (licensed in New
York), Valhalla, New York
and John Hancock Retirement Plan Services, LLC. Approximate
unaudited figures for John Hancock Retirement Plan Services
division, provided on a U.S. statutory
basis.
MGR050919491859
John Hancock Retirement Plan Services, Boston, MA 02116.
NOT FDIC INSURED | MAY LOSE VALUE | NOT BANK GUARANTEED
© 2019 All rights reserved.
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