Voya Launches Financial, Health Dashboard
The data-driven personalization of the experience is intended to add to Voya’s employee wellness offerings.
Voya Financial Inc. announced Thursday the launch of a digital dashboard combining access to workplace and health benefits, including retirement plans and health savings accounts, in one location.
The addition to Voya’s employee wellness solutions is available to individual Voya customers in both health solutions and wealth solutions. All Voya workplace retirement plans and HSAs will be accessible on the new dashboard, along with workplace benefits, savings and retirement plans and the potential to integrate external accounts, according to the announcement.
Voya emphasized in the announcement that the dashboard was informed by behavioral finance research through its Voya Behavioral Finance Institute for Innovation. The dashboard provides digital “nudges” aimed at helping employees make better financial decisions about their spending, savings and debt activity. A personalized nudge might alert employees of how much they are spending, or overspending, in certain areas, providing insight on how they can reduce spending, according to Voya.
“We’re finding that there is a need for a more integrated approach, as many individuals crave more guidance when it comes to managing their current and future financial needs,” Rob Grubka, CEO of Voya’s workplace solutions, said in a statement. “Our new employee dashboard does just that by allowing individuals to view their full financial picture in one place, while providing tools and resources to help them achieve their goals.”
Voya’s updated customer homepage is now accessible on desktop and mobile web browsers, which were only recently introduced to Voya employees and select clients. It will be integrated into Voya’s mobile app in the coming year.
According to Voya, these latest enhancements build on the firm’s research findings that 79% of employed Americans express a strong interest in receiving support to optimize their workplace benefit dollars, covering retirement savings, health savings accounts, health care insurance and voluntary benefits.
“Voya’s vision for individuals is focused on aspiring to clear one’s path to financial confidence and a more fulfilling life,” Grubka said. “We believe that helping individuals understand their full financial picture can ultimately help employees achieve better outcomes.”