financial planning – Benefits Canada.com

Canadians with rent, mortgage payments delaying retirement savings amid rising cost of living: survey

Sadie Janes — Fri, 15 Mar 2024 13:00:05 +0000

Canadian employees who rent or who have mortgage payments are managing economic pressures — like high interest rates and the rising cost of living — by putting off saving for retirement, according to a new survey by Co‑operators Financial Services Ltd. The survey, which polled 1,500 Canadian employees, found 77 per cent of renters said they […]

The post Canadians with rent, mortgage payments delaying retirement savings amid rising cost of living: survey appeared first on Benefits Canada.com.

Desjardins using budget workshops, interactive game to support employee financial wellness

Sadie Janes — Fri, 24 Nov 2023 14:00:50 +0000

Desjardins Insurance is marking Financial Literacy Month with a series of budgeting workshops for employees and an interactive game to help improve financial literacy. The workshops cover topics such as using a budget to manage cash flow, how to plan for future goals and how to save on grocery bills amid rising inflation and food prices. […]

The post Desjardins using budget workshops, interactive game to support employee financial wellness appeared first on Benefits Canada.com.

Survey finds 74% of workers say it’s important for employers to offer retirement savings options

Sadie Janes — Mon, 30 Oct 2023 19:00:35 +0000

Roughly three-quarters (74 per cent) of Canadian employees say it’s important for their employer to offer a retirement savings option, according to the latest mental-health index by Telus Health. The survey, which polled 3,000 respondents, found 70 per cent reported not knowing or being unsure of how much savings they’ll need to maintain their desired […]

The post Survey finds 74% of workers say it’s important for employers to offer retirement savings options appeared first on Benefits Canada.com.

Employers play crucial role in supporting employees’ savings amid rising cost of living: expert

Sadie Janes — Wed, 04 Oct 2023 13:00:07 +0000

As Canadians struggle to save amid the rising cost of living, employers play a crucial role in facilitating savings options for their employees, says Doug Crowe, vice-president of RBC Group Advantage, the Royal Bank of Canada’s group retirement division. “The first important step employers can make is deciding to sponsor a group savings plan for employees, which […]

The post Employers play crucial role in supporting employees’ savings amid rising cost of living: expert appeared first on Benefits Canada.com.

Just 17% of workers aged 50+ confident they can maintain a comfortable lifestyle in retirement: survey

Sadie Janes — Tue, 03 Oct 2023 13:00:31 +0000

Only 17 per cent of U.S. employees aged 50-plus and 23 per cent of retirees are very confident they’ll be able to maintain a comfortable lifestyle throughout retirement, according to a new survey by the Transamerica Center for Retirement Studies in collaboration with the Transamerica Institute. The survey, which polled more than 10,000 U.S. employees, […]

The post Just 17% of workers aged 50+ confident they can maintain a comfortable lifestyle in retirement: survey appeared first on Benefits Canada.com.

Canadian women are 16% less confident about retiring than men: survey

Sadie Janes — Tue, 14 Mar 2023 13:00:48 +0000

Just over half (52 per cent) of Canadian women say they feel financially confident about retiring at their target age, compared to 68 per cent of men, according to a new survey by the Bank of Montreal. The survey, which polled more than 3,400 Canadian adults, found almost three-quarters (73 per cent) of women said […]

The post Canadian women are 16% less confident about retiring than men: survey appeared first on Benefits Canada.com.