Thirty-eight financial wellness issues identified by
Corporate Insight, a financial
research service firm, reports most participants in their Retirement Plan
Monitor (RPM) group “recognize the importance of providing holistic financial
wellness education,” according to an article at planadviser.com. In
fact, 80% of the contribution plan providers Corporate Insights tracks provide
adequate financial education “to warrant coverage in its report.”
Corporate Insight’s study
identified 38 financial wellness issues; 63% of firms tracked the information made
available over at least at half of these topics.
Providing financial wellness
education is gaining traction in digital retirement services, “one of the past
year’s most prominent trends” as 75% of RPM companies contributed such content
to online sites while 40% began anew or made significant changes to preexisting
Percentages of survey
participants offering various wellness topics made available are:
Security/general investing suggestions;
on asset classes, debt management, estate plans, educational debt, and savings
- 69%--making budgets;
in health care;
and investing; and
for elderly family members.
About 56% of firms use at
least a few narratives in educational outreach; some also provide interactive
content in the form of worksheets, tests, lessons, games, and worksheets.
These companies strive to
provide easy access to digital financial wellness information; 75% centralize
it, 58% make it available via menu tab, and 33% by a subtab or menu link.
Content is typically
organized by topic (92%), and 42% will permit users to filter information by
categorize financial wellness data by medium offered, and 17% arrange it by
level of user’s acumen.
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