Half (50 per cent) of Canadian employers are now offering financial planning services and 42 per cent are providing financial literacy resources, according to a new report by Arthur J. Gallagher & Co. This is a significant increase from 2024, notes Pat Leo, vice-president of Toronto retirement at Gallagher. “With carriers in Canada now offering some […]
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 […]
Eight in 10 (80 per cent) Canadian employees with a professional financial plan say they’re able to retire at their desired age, compared to 72 per cent who created their own plan and just 36 per cent of workers who don’t have a plan, according to a new survey by KPMG in Canada. The survey, […]
Nearly nine in 10 (89 per cent) Canadians with life insurance say it supports their mental well-being, particularly by providing peace of mind that their loved ones will be financially protected and reducing worry about debts and final expenses, according to a new survey by Blue Cross. The survey, which polled more than 2,100 Canadians […]
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 […]
Over the past 25 years, the pension industry has seen many significant shifts, from defined benefit to defined contribution, from accumulation to decumulation and from education and guidance to financial planning, said Chris Walker, regional vice-president of business development and investment strategy at Desjardins Insurance, during a session at Benefits Canada’s 2025 DC Plan Summit. […]
With climate change affecting the planet and artificial intelligence disrupting the concept of work, a profound generational shift is underway in how young people are thinking about their futures. “When previous generations worried about retirement, they mainly focused on financial risk, market turndown, inflation and health-care costs,” said Kelly Peters (pictured left), behavioural economics leader […]
In the early days of Bell Canada’s defined contribution plan, there was a lot of emphasis on information and big campaigns, but at that time, employers were reluctant to get too involved, according to Robert Marchessault, the telecommunications company’s director of pension and benefits, noting it was soon clear its members needed more guidance. Speaking […]
Two-thirds (67 per cent) of U.S. retirement savers are concerned about their income lasting their lifetime, while 30 per cent are extremely or very concerned, according to a new survey by Global Financial Atlantic Group. The survey polled individual investors between the ages of 55 and 75 with US$250,000 and $2 million in investable assets […]
As a financial institution that provides banking and wealth management services to customers, Meridian Credit Union ensures it also offers employees a comprehensive suite of services to support their financial wellness. This includes a defined contribution pension in which staff contribute a mandatory three per cent of annual earnings, with the employer contributing between three […]