Canadian plan sponsors aren’t yet ready to offer financial wellness programs and don’t believe there’s a need for them. They also don’t want to be responsible for giving debt management and financial advice to their employees.

Janick Chouinard, national director, customer relations with Desjardins Insurance, shares the best ideas from the topic discussed at the 2015 DC Plan Summit.


Key takeaways for employers:

  • Potentially, a financial wellness program could be provided by a company’s retirement services provider, which could offer not only retirement planning education but also other services, such as education on debt management, budgeting and estate planning.
  • In the U.S., offering financial wellness programs in the workplace is a growing trend.
  • Employers are satisfied with the support they’re currently providing to employees who are in financial crisis or require financial support. They feel that, along with providing retirement services planning and employee assistance programs, they are supporting employees well in terms of financial wellness.

View more videos from the 2015 DC Plan Summit.

Also read: