Moola offers customers the opportunity to invest in Isas, generalised investment accounts and offers ethical and tax efficient portfolios.
JLT says the acquisition will help with its strategy of supporting UK businesses deliver better performance through the improved financial, emotional and physical wellness of its people because Moola will enhance 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.
The full Moola team, including Gemma Godfrey, founder and CEO, will join JLT.
JLT Employee Benefits CEO Bala Viswanathan says: “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.”
Godfrey says: “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.”
