Aon Hewitt launches employer aid
Aon Hewitt, the global talent, retirement and health solutions business of Aon, has partnered with HelloWallet, a financial guidance software company, to help US employers make the most of their benefits and strengthen the financial wellness of their workforce.
HelloWallet provides access to comprehensive, unbiased guidance to help workers manage their debt, spend wisely and make the most of their company benefits.
The collaboration with HelloWallet complements Aon Hewitt's robust suite of solutions that are designed to help employers support the financial security and health of their workers, said Aon.
HelloWallet's web and mobile financial guidance software will be paired with Aon Hewitt's benefits administration solutions to provide workers with access to their health and wealth data in an integrated way.
"Employees must balance many financial needs—from health to education to retirement—and they need tools and resources to look at the big picture when it comes to managing their benefits, long-term savings goals and day-to-day budgeting," said Alison Borland, vice president of Retirement Strategy & Solutions at Aon Hewitt.
"Our clients understand those demands and are looking beyond traditional retirement behaviors to focus on broad wellness objectives that cross traditional boundaries of employer-provided benefits. Our scale and expertise enable us to develop innovative solutions to address these demands."
Matt Fellowes, founder and chief executive officer of HelloWallet, said: "Poor financial health has become a barrier to the success of compensation and benefit investments. If workers do not know how much they spend on groceries and are spending more than they make every month, they certainly are not going to be able to save effectively for health or retirement. We are delighted Aon Hewitt shares our focus on improving the lives of workers."
Recent Aon Hewitt research found that 76 percent of US companies are somewhat or very likely to expand their financial wellness benefits beyond retirement in 2014.
