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While U.S. employees say it takes $1.1 million in savings, on average, to retire comfortably, 56 per cent expect to have less than $500,000 saved, according to a new survey by Schroders. It found 36 per cent of respondents expect to save less than $250,000 and only 24 per cent expect to save $1 million […]

  • By: Staff
  • May 27, 2022 May 27, 2022
  • 09:00

Three-quarters (73 per cent) of U.S. employees said their employer needs to offer more resources to help them manage their personal finances, according to a new survey by personal finance platform Ramsey Solutions. The survey, which polled more than 3,000 full-time workers, found only 23 per cent had access to employer-provided financial wellness benefits. Among […]

  • By: Staff
  • March 17, 2022 March 16, 2022
  • 09:00

While 70 per cent of benefits-eligible U.S. workers said they’re more likely to work for an employer that offers employee-paid voluntary benefits, just 49 per cent said they’ve taken advantage of these offerings, according to a new survey by Voya Financial Inc. The survey, which polled around 1,000 respondents, found 31 per cent don’t fully […]

  • By: Staff
  • February 16, 2022 February 16, 2022
  • 09:00

As inflation hits a record high in Canada, employers are helping workers weather the storm through various benefits and compensation offerings, according to several experts. In October, the Canadian inflation rate increased year over year by a record 4.7 per cent, the largest increase since February 2003, according to Statistics Canada. The Bank of Canada […]


More than 19 months into the coronavirus pandemic, employers are focusing on enhanced mental-health offerings and streamlined communications for their benefits and pension plans. During a virtual roundtable on Oct. 14, the 2021 Workplace Benefits Awards finalists discussed the changes brought about by the pandemic and how they’ve adapted their benefits and pensions offerings, while looking […]


A majority (63 per cent) of U.S. employees said their employer doesn’t offer a financial wellness program, according to a new survey by the Defined Contribution Institutional Investment Association. It found only 18 per cent of respondents have access to financial wellness resources through their employer and, of these respondents, just eight per cent have […]

  • By: Staff
  • July 27, 2021 July 27, 2021
  • 15:00

With many employees struggling with finances since the coronavirus pandemic started last March, two experts weigh in on the viability of offering a workplace emergency savings benefit. Elizabeth Mulholland, chief executive officer of Prosper Canada Policy-makers should absolutely be considering ways to facilitate a wider range of affordable, quality workplace savings options and to more […]


Possibly getting rich quick with a few swipes on one’s phone certainly sounds appealing and based on recent statistics and news reports, more and more Canadians are diving headfirst into the choppy do-it-yourself investing waters. According to Investor Economics, a financial services research firm, Canadians opened more than 2.3 million gross new accounts between January […]

Canadians’ financial well-being on the decline: survey

The financial well-being of Canadians has declined over the last year, according to a new survey by Morneau Shepell Ltd. It rated Canadians’ overall financial health as of January 2021 at -2.8, indicating a decline from the previous year. Women reported a lower score (-5.1) than men (-0.6), with male respondents reporting improvement in some […]

  • By: Staff
  • February 11, 2021 March 24, 2021
  • 09:00
Arthritis Society focusing on responsive approach to financial education

With the ongoing coronavirus pandemic raising economic concerns, the Arthritis Society is taking a responsive approach with its Financial Literacy Month initiatives during the month of November. “We’re reading the pulse,” says Cheryl McClellan, the organization’s chief operating officer. “We haven’t seen a lot of people stressed directly in our organization, but generally, we understand […]

  • By: Blake Wolfe
  • November 16, 2020 November 16, 2020
  • 09:00