Investment - Articles - JLT acquire digital saving and investment service Moola


JLT Employee Benefits (JLT), one of the UK’s leading employee benefit providers, has acquired the award-winning digital saving and investment service Moola, subject to regulatory approval.

 Moola is an innovative, affordable and consumer-friendly investment service. It offers customers the opportunity to invest in Individual Savings Accounts (ISAs), Generalised Investment Accounts (GIA), as well as ethical and tax efficient portfolios. Moola provides free educational content to empower individuals with the knowledge to make smarter decisions with their money and enable them to cut through financial jargon.

 The acquisition of Moola is aligned to JLT’s strategy of helping UK businesses deliver better performance through the improved financial, emotional and physical wellness of its people. Moola complements this strategy by enhancing the financial wellbeing of its customers. Moola will become a core offering on Benpal, JLT’s rewards and benefits platform, as well as continuing to be accessible through the www.moo.la website and other channels.

 Following this acquisition, JLT will welcome the complete Moola team, including Gemma Godfrey, Founder and CEO.

 Bala Viswanathan, CEO, JLT Employee Benefits said: “Employee wellness is going to form an integral part of our UK Employee Benefits proposition, and Moola will enhance our financial wellbeing offering. Given this shared ethos we believe JLT provides the right home for Moola.

 “Employees of Benpal’s corporate customers stand to benefit enormously from the simplicity of Moola’s money management solution. We are confident that Moola will be a welcome addition to our Benpal proposition by offering a more flexible investment option.”

 Gemma Godfrey, Founder and CEO, Moola said: “At Moola we are focused on championing the consumer by providing the knowledge, tools and service to help more people save and invest more easily. We are delighted to be joining JLT and welcome the opportunity to work together to engage a broader customer base. With an increasing volume of people looking to their employer for financial wellbeing solutions, and JLT’s expertise and like-minded approach in this area, Moola’s existing clients will also benefit greatly from the scale and breadth of JLT.”
   

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