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Financial wellness product delves deeper than retirement

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Financial wellness product delves deeper than retirement

Mercer L.L.C. on Thursday said it has launched Mercer Financial Wellness, a digital platform that allows employers to offer employees access to expert providers of financial services.

Mercer Financial Wellness includes tools to help manage financial accounts, retirement counselors, credit score management, and unsecured personal loans, Mercer said in a statement.

“Employees are increasingly interested in their employer providing benefits that help them with their overall financial wellness, moving beyond the focus on retirement to address a wide range of individual financial needs from individual coaching to challenges facing new families to better debt management,” Tom Murphy, Mercer's U.S. defined contribution and financial wellness leader, said in the statement. “Our goal is to provide an integrated experience that drives behaviors to optimize the financial well-being of individuals at every stage of their lives. This kind of holistic approach has the potential to dramatically strengthen and distinguish employer value propositions.”