Implementing a wellness strategy during the pandemic helped Montreal-based automotive and heavy parts distributor UAP Inc. boost employee engagement, reduce the stigma around mental health for its predominantly male workforce and improve plan members’ financial well-being. In a session during Benefits Canada’s 2025 Healthy Outcomes Conference, Geneviève Hébert (pictured right), the organization’s senior director of […]
Wealthsimple Inc. is marking Financial Literacy Month with a two-part series of information sessions on how women can build financial confidence. The sessions cover estate planning, individual and joint money management, investing, wealth building and pre-retirement strategies, says Diana McLachlan, the organization’s chief people officer. She notes the company’s overall approach to financial literacy emphasizes […]
Many women approaching and entering retirement are seeking clearer financial guidance and more supportive environments for financial decision-making, according to a new survey by HomeEquity Bank. It found confidence in financial decision-making tends to increase with age, yet many women continue to encounter barriers rooted in literacy, confidence and cultural expectations. While 63 per cent […]
According to MFS Investment Management’s Sean Kenney, his three sisters would all fall within the same target-date age cohort, but their lifestyles and retirement goals are completely different. His oldest sister, married with three kids, makes a middle-class income, doesn’t have a lavish lifestyle and loves being at home. Kenney’s twin sister, single with no […]
KPMG in Canada is aiming to boost plan member engagement with its retirement savings programs with a host of changes, including a refreshed defined contribution plan investment lineup, a new first home savings account, financial education programming, digital tools and switching record keepers. The changes, launched in early October, stemmed from a review of the […]
Nearly six in 10 (59 per cent) Canadians fear they’ll outlive their retirement savings, according to a new survey by the Canada Pension Plan Investment Board. It found more than half (52 per cent) of non-retirees with a financial plan said it gives them confidence their money would last, making planning the top driver of […]
When Bell Canada was communicating defined contribution plan changes to members in 2024, it turned to artificial intelligence to help personalize its message to all of its 25,000 plan members. The redesign, which aimed to respond to members’ different financial priorities, enhanced the company’s savings options with a first home savings account, a tax-free savings […]
As employers and employees grapple with inflation, political turbulence and an economic slowdown, consultants are stepping up to offer support. That uncertainty also extends to broader business operations. Companies in the automotive and steel industries are particularly impacted by the tariffs, but many other sectors remain unsure of what the future holds more generally. The […]
The Canadian National Railway Co. is appointing Frederic Bessette as director of compensation strategy. Before taking a career break between October 2024 and May 2025, he was director of total rewards at Canfor Forest Products Ltd. In that role, he led the organization to a win at Benefits Canada‘s 2021 Workplace Benefits Awards in the […]
The majority (91 per cent) of Canadian employers are planning to benchmark their benefits plan against market practices to remain competitive, with half (49 per cent) prioritizing this for next year and 42 per cent for the next three years, according to a new survey by MercerMarsh Benefits. The survey, which polled nearly 350 employers […]