Student Loan Repayment Program Added to UBS Workforce Suite
The investment firm has also added personalized financial wellness digital capabilities.
UBS Global Wealth Management has expanded its Workplace Wealth Solutions suite by collaborating with FutureFuel.io to enable companies to help their workers consolidate and/or pay down their student loan debt. It has also launched a user-friendly financial wellness digital experience that can be personalized and added a new Retirement Plan Advisor program to make its guided, fiduciary solutions available to smaller businesses.
“The expanded tools and capabilities will help meet the needs of our current and prospective clients across all generations and income levels, providing financial wellness guidance and innovative workplace solutions on a user-friendly platform,” says Michael Barry, head of workplace wealth solutions at UBS Global Wealth Management. “These advancements further our strategic objective to continue to increase the value we can provide to the workplace—and businesses of all sizes—while helping employees understand their corporate benefits and improve the relationship with their money.”
The partnership with FutureFuel.io includes the following tools: Round Up, Giveback, Refinance and Roll Up. UBS notes that the average FutureFuel.io user saves $15,000 on accrued interest and shaves four years off their loan.
The Retirement Plan Advisor platform integrates a fiduciary platform from Morningstar to offer these services to the small market.
The digital financial wellness platform combines human guidance and digital resources.