John Hancock Introduces Alexa Capabilities for Retirement Plan Participants
Its retirement plan participant clients can now access personalized information, including frequently-asked account queries, through their Alexa-enabled devices.
John Hancock Retirement Plan Services is providing its retirement plan participant clients access to personalized information, including frequently-asked account queries, through their Alexa-enabled devices.
Now, by saying, “Alexa, open John Hancock,” and providing a secure and personalized voice code, participants can hear their account and loan balances, fund allocations, personal rates of return, contact information for the plan, and more. Participants whose Alexa-enabled devices have a built-in display capability, such as the Echo Show, will also see the information displayed on screen.
In the interest of account security and data protection, the company incorporates a variety of safety measures to address potential issues into its program for Alexa. For example, a participant’s identity will be verified through multi-factor authentication during the account linking process. In addition, participants will be required to set up a secure voice code when first enabling the skill in the Alexa app, and recite it correctly before getting access to any account information. No participant account information is recorded or maintained on their Alexa-enabled device or in the hardware servers storing their Amazon account.
“Our goal is to make it easier for people in our plans to save more for retirement, and to do that we want to provide the personal information they need in the ways they want to receive it,” says Patrick Murphy, president and CEO of John Hancock Retirement Plan Services.