John Hancock Recognized for Innovation in Financial Education
John Hancock Recognized for Innovation in Financial Education Company offers digital financial literacy tools to its retirement plan participants and their families and through its teen programs |
[28-June-2018] |
BOSTON, June 28, 2018 /PRNewswire/ -- John Hancock was honored with the 2018 Financial Capability Innovation Award presented by the nation's leading educational technology innovator, EVERFI, Inc. The award recognizes John Hancock's significant efforts to improve the financial capability of Americans through unique digital learning initiatives. While providing an array of financial wellness benefits, John Hancock received this award for its online financial education platform, My Learning Center, offered to all John Hancock retirement plan participants and their families; and the company's work to increase financial literacy among teens through its Michigan Scholars and MLK Scholars programs. Honorees are selected based on a set of criteria that included the scale and reach of their financial education initiatives, the scale of their commitment, and unique employee volunteering activities that supplement their programs. "Each year, we honor institutions that are truly dedicated to going above and beyond in service to their communities," said Ray Martinez, EVERFI President of Financial Education. "The Financial Capability Innovation Awards have given us the opportunity to share and celebrate the tremendous investment these institutions are making and continue to make in the communities where they live, work, and serve. For EVERFI, our time here reminds us just how critical the role innovation continues to play in empowering Americans to pursue economic opportunity and achieve financial security for themselves, their families, and their community." Improving Financial Literacy in Retirement Plan Participants and Their Families In addition, John Hancock also offers educational programs to family members of its participants, through My Learning Center with courses specifically designed to be appropriate for various age groups, from elementary school to college students and adults. "We're committed to financial wellness broadly and very pleased with the award and how well-received My Learning Center has been," said Patrick Murphy, CEO of John Hancock Retirement Plan Services. "Financial literacy allows individuals to lead more confident and fulfilled lives today while improving their ability to plan for a secure retirement in the future. Financial education is a core component of our financial wellness process that enables participants to use our tools and services more effectively and focuses on enabling better decision-making and making individuals' lives better. We're particularly proud that My Learning Center is available not only to retirement plan participants, but to their families as well, so we could engage the entire family." Helping Teens Get a Head Start with Financial Literacy "We are proud to partner with EVERFI to provide important financial literacy tools to young people and give them a good foundation for financial success in the future," said Thomas Crohan, AVP and counsel, John Hancock Corporate Responsibility & Government Relations. "John Hancock believes incorporating tools like this in programs like ours can make a difference in creating equity in our communities." About EVERFI About John Hancock Retirement Plan Services About John Hancock and Manulife 1John Hancock Retirement Plan Services 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. John Hancock Life Insurance Company (U.S.A.) (John Hancock USA), John Hancock Life Insurance Company of New York (John Hancock New York), and John Hancock Retirement Plan Services, LLC are collectively referred to as "John Hancock". John Hancock Retirement Plan Services, Boston, MA 02210. NOT FDIC INSURED | MAY LOSE VALUE | NOT BANK GUARANTEED ©2018 All rights reserved. MGR062518461558 PR-2018-29 View original content:http://www.prnewswire.com/news-releases/john-hancock-recognized-for-innovation-in-financial-education-300673206.html SOURCE John Hancock | ||
Company Codes: NYSE:MFC, HongKong:0945, Toronto:MFC, Manila:MFC |
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