RADNOR, Pa. -- (Business Wire)
To keep retirement top of mind, and literally at hand, Lincoln Financial
Group’s (NYSE: LNC) Retirement Plan Services business announced today
that the Lincoln Financial Mobile App is now available on the Apple
Watch through the Apple App Store. Participants can check their account
balances and view their retirement income projection, as well as see
their asset allocation and three most recent transactions on the watch.
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Lincoln Financial Group launches its Apple Watch app (Photo: Business Wire)
“With Apple Watch functionality, our goal is to make sure people keep
thinking about their retirement, and what they can do to ensure they
will have the retirement they envision,” said Jamie Ohl, president,
Retirement Plan Services, Lincoln Financial Group. “Now participants can
conveniently check if they’re on track, stay engaged with their plan and
keep other financial priorities from derailing their retirement savings
goals.”
Lincoln Financial’s 2017 Retirement Power® Participant
Study showed the more competing priorities a participant reports, the
less money they contribute to their retirement plan. Only 36 percent of
individuals with eight or more competing priorities are contributing 10
percent or more to their retirement plan.
“The Apple Watch gives us one more way to cut through the clutter and
connect with participants, to encourage them to take action to help meet
their retirement goals,” said Sharon Scanlon, head of customer
experience, Retirement Plan Services. “A participant could see the
income projection and decide to increase their contribution, or remember
that it’s time to schedule their annual meeting with a Retirement
Consultant — both positive actions that can help them save more for
their retirement.”
The app relies on a wirelessly connected iPhone. It represents the most
recent enhancement of the Retirement Plan Services’ customer experience,
which is focused on leveraging a combination of high-touch and high-tech
service to drive positive outcomes.
About Lincoln Financial Group
Lincoln Financial Group provides advice and solutions that help empower
people to take charge of their financial lives with confidence and
optimism. Today, more than 17 million customers trust our retirement,
insurance and wealth protection expertise to help address their
lifestyle, savings and income goals, as well as to guard against
long-term care expenses. Headquartered in Radnor, Pennsylvania, Lincoln
Financial Group is the marketing name for Lincoln National Corporation
(NYSE:LNC) and its affiliates. The company had $241 billion in assets
under management as of June 30, 2017. Learn more at: www.LincolnFinancial.com.
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About Retirement Plan Services
For more than 50 years, Lincoln Financial Group’s Retirement Plan
Services (RPS) business has been helping savers boost their retirement
readiness through employer-sponsored plans. Our retirement plans help
employers recruit and retain top talent, while our combination of
high-tech and high-touch service creates an engaging customer experience
that drives positive outcomes. The RPS business helps people understand
how steps they take today can help them get to and through retirement
tomorrow. The business serves approximately 1.4 million participants
through 21,000 plan sponsors with $63 billion in assets under management
as of June 30, 2017.
About the Lincoln Retirement Power®
Participant Study
The 2017 Lincoln Retirement Power® Participant
Study is based on a national survey of 2,509 full-time workers ages 21
to 70 who have been contributing to their current employer’s defined
contribution retirement plan for at least one year — with data weighted
by demographics to mirror the total population. Established in 2010, Retirement
Power is a platform for research and viewpoints on central issues
related to retirement planning. The program seeks to identify
forward-thinking ways to help plan sponsors, advisors, intermediaries
and participants. As part of the program, Lincoln sponsors both
proprietary and third party research with an emphasis on what drives
better retirement outcomes.
LCN-1895268-091317
View source version on businesswire.com: http://www.businesswire.com/news/home/20170919005313/en/
Contacts:
Lincoln Financial Group
Kelly DeAngelis
484-583-1491
kelly.deangelis@lfg.com
Source: Lincoln Financial Group
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