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Meridian Credit Union is focusing on flexibility and mentorship to promote gender equity and female leadership in the historically male-dominated financial industry. According to the Canadian Credit Union Association, in 2023, only eight per cent of Fortune 500 chief executive officers were women. However, at Canada’s credit unions, 30 per cent of CEOs/general managers were […]


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 […]

  • By: Staff
  • March 15, 2024 March 14, 2024
  • 09:00

Meridian Credit Union Ltd. is continuing to support employee financial wellness by raising its guaranteed hourly wage to $23.74. In 2022, the financial company became the largest employer to be certified by the Ontario Living Wage Network and is adjusting its compensation to reflect new guidelines that were updated last month. Current economic conditions and […]

While one expert says replacement rates vary with income and age, another argues the longstanding 70 per cent benchmark doesn’t actually work. Bonnie-Jeanne MacDonald, director of financial security research for the National Institute on Ageing at Toronto Metropolitan University Retirement financial security has become critically important with population ageing — now, more than ever, is […]


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 […]

  • By: Staff
  • October 30, 2023 October 30, 2023
  • 15:00

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 […]

More than a quarter (28 per cent) of male employees in the U.S. report a reduction in their stress levels due to their employer’s financial wellness programs, compared to 18 per cent of women, according to a new survey by HerMoney Media Inc. and Principal Financial Services, Inc. The survey, which polled 900 U.S. employees […]

  • By: Staff
  • September 25, 2023 September 22, 2023
  • 09:00

More than half of U.S. women say they aren’t financially secure, a percentage that increases to 77 per cent among low-income women, according to a survey by Public Opinion Strategies and Lake Research Partners on behalf of the National Council on Aging and the Women’s Institute for a Secure Retirement. The survey, which polled more […]

  • By: Staff
  • May 29, 2023 May 26, 2023
  • 09:00

Delta Air Lines Inc. is launching an emergency savings program for U.S. employees. Once employees sign up for the program, they participate in roughly two to three hours of online financial education and three one-on-one sessions with a financial wellness coach. After they complete the education and coaching component, employees will receive US$750 from Delta […]

  • By: Staff
  • February 15, 2023 February 15, 2023
  • 09:00

The most important asset in the world is people’s personal information because every piece of data that we provide to the internet through social media or through interactions with pension funds and online banking are valuable information sources, said Darace Rose, co-founder and chief technology officer at Oppos Inc., during the Canadian Investment Review’s 2022 […]