What’s Next for Financial Wellness?

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What’s Next for Financial Wellness?

Cynthia Hayes, President & Founder, Oculus Partners

Our research shines a light on how the top recordkeepers are investing in their ability to help participants achieve financial wellness through new service offerings, expanded delivery channels and improved economic models. There’s almost a universal desire among providers to help participants achieve financial wellness, but the way they’re each going about it varies significantly.

We believe that the winners will be those firms that can best match employer needs, achieve meaningful employee results, and realize a positive economic impact to the provider. This won’t be easy to achieve, but without results these programs may quickly become another failed experiment in improving the nation’s retirement system.

It begins to beg the question, “Whose job is financial wellness, anyway?”