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New John Hancock Retirement report reveals surprising contradictions in how pandemic is affecting employees

New John Hancock Retirement report reveals surprising contradictions in how pandemic is affecting employees

Employees Improved Finances Mean More Demand for Financial Wellness Tools

A John Hancock Retirement report found that retirement plan participants are more engaged in financial decisions and that personal financial confidence has reached levels not seen since 2014.  

John Hancock s retirement planner marks first year of use with 23% of participants increasing payroll contribution rates

John Hancock Extends Personalized Retirement Advice Program to All Plan Clients

The firm is also launching an online experience to deliver personalized recommendations to participants. Reported by John Hancock Retirement has announced it is expanding its personalized retirement advice program to include all defined contribution (DC) plans. The retirement advice program is fully integrated into John Hancock’s online experience for all eligible participants, connecting a participant’s accounts with the program to deliver personalized advice. Understanding more investors are interested in receiving advice for their retirement plan, John Hancock is extending this benefit to all 401(k) participants and making it available to more than 45,000 plans. “In the most recent John Hancock Financial Stress survey, 87% of workers say that having their retirement savings professionally managed would have a significant impact on how prepared they feel for retirement,” says Lynda Abend, chief data officer, John Hancock Retirement. “As 2020 was one of the most challe

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