While 84 per cent of employers with capital accumulation plans didn’t intend to make any changes in 2017, many anticipated increasing their provision of financial advice services after a couple of years of decline in that area, according to a new report from Great-West Life Assurance Co. According to the 2017 Capital Accumulation Plan Benchmark report, very few […]
While retirement may not yet be at the top of millennials’ priority lists, it won’t be long before they arrive on the pension scene. How can the industry prepare for their arrival? And what might the rejuvenation look like? Let’s start by examining the pension world as we know it today. On the workplace front, […]
Building on a wellness program that covers employees’ overall well-being, Allstate Insurance Co. of Canada is introducing a trio of programs in January. “January can be a stressful and a tough month for many,” says Adrianne Sullivan-Campeau, the organization’s vice-president of human resources. “So you’re coming down from the holiday high, you have large bills coming in from your holiday purchases, […]
While employers will continue to address areas such as mental-health awareness training and chronic disease management in 2018, the following five trends will also be on the horizon for Canadian workplaces. 1. Mindfulness High stress levels in the workplace are leading to decreased focus and efficiency among employees. As a result, low workplace morale erodes productivity, and […]
I have been watching Bitcoin’s price advance with trepidation. In just six months its value has quintupled and it has risen more than tenfold since last December. It started 2017 at just below $1,000 and by the end of November it hit $11,000, proceeding to surpass $16,000 a few days later. This, to me, is reminiscent of […]
The Workplace Safety and Insurance Board is taking a more holistic approach to workplace wellness by putting financial fitness on the same pedestal as physical well-being and mental health. “Traditionally, workplaces have focused on physical wellness and dedicated a lot of resources to it at the expense of overlooking the mental and financial aspects of […]
Poor financial well-being is a growing problem, impacting Canadian employees’ on-the-job performance, health and absenteeism rates, according to a new survey by Willis Towers Watson. Its survey found that 23 per cent of respondents identified themselves as struggling. Among that group, almost half said that worries about finances were preventing them from performing their best at work. More than […]
In its sixth year of offering employees educational workshops during Financial Literacy Month, Western University has changed its approach this time by delivering information on a range of topics rather than just the organization’s pension plans. In the past, the university has used the financial literacy focus to communicate the details of its two defined contribution plans, […]
More than three-quarters (79 per cent) of Canadians aged 35 to 54 are worried about not having enough money to retire when they want to, according to a new survey by CIBC. The survey, which polled more than 1,500 Canadian adults, found the vast majority (85 per cent) agreed they need to save more money, but 64 […]
More than 80 per cent of Canadian employees would be interested in an employer-provided financial education program, according to a new survey by the Canadian Payroll Association. The survey, published during Financial Literacy Month, indicates that Canadians are dealing with increased financial stress, and that 50 per cent feel it affects their on-the-job performance. “Financial stress […]