financial security – Benefits Canada.com https://www.benefitscanada.com Canada's most influential pension and benefits publication for decision-makers Fri, 26 Apr 2024 20:02:31 +0000 en-US hourly 1 https://wordpress.org/?v=4.9.8 Meridian focusing on flexibility, mentorship to promote gender equity, female leadership https://www.benefitscanada.com/news/bencan/meridian-focusing-on-flexibility-mentorship-to-promote-gender-equity-female-leadership/ Fri, 19 Apr 2024 13:00:15 +0000 https://www.benefitscanada.com/?p=154449 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 […]

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]]> Canadians with rent, mortgage payments delaying retirement savings amid rising cost of living: survey https://www.benefitscanada.com/pensions/retirement/canadians-with-rent-mortgage-payments-delaying-retirement-savings-amid-rising-cost-of-living-survey/ Fri, 15 Mar 2024 13:00:05 +0000 https://www.benefitscanada.com/?p=153106 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 […]

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]]> Meridian continuing to support employee financial well-being with living wage https://www.benefitscanada.com/benefits/health-wellness/meridian-continuing-to-support-employee-financial-well-being-with-living-wage/ Tue, 05 Dec 2023 14:00:53 +0000 https://www.benefitscanada.com/?p=148223 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 […]

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]]> Head to head: Is there an ideal income replacement ratio at retirement? https://www.benefitscanada.com/archives_/benefits-canada-archive/head-to-head-is-there-an-ideal-income-replacement-ratio-at-retirement/ Fri, 17 Nov 2023 13:59:39 +0000 https://www.benefitscanada.com/?p=146668 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 […]

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]]> Survey finds 74% of workers say it’s important for employers to offer retirement savings options https://www.benefitscanada.com/benefits/health-wellness/survey-finds-74-of-workers-say-its-important-for-employers-to-offer-retirement-savings-options/ Mon, 30 Oct 2023 19:00:35 +0000 https://www.benefitscanada.com/?p=146106 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 […]

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]]> Employers play crucial role in supporting employees’ savings amid rising cost of living: expert https://www.benefitscanada.com/news/bencan/employers-play-crucial-role-in-supporting-employees-savings-amid-rising-cost-of-living-expert/ Wed, 04 Oct 2023 13:00:07 +0000 https://www.benefitscanada.com/?p=144495 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 […]

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]]> Men more likely than women to report reduced stress due to financial wellness programs: survey https://www.benefitscanada.com/news/bencan/men-more-likely-to-report-reduced-stress-due-to-financial-wellness-programs-survey/ Mon, 25 Sep 2023 13:00:48 +0000 https://www.benefitscanada.com/?p=143948 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 […]

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]]> More than half of U.S. women don’t feel financially secure: survey https://www.benefitscanada.com/pensions/retirement/more-than-half-of-u-s-women-dont-feel-financially-secure-survey/ Mon, 29 May 2023 13:00:35 +0000 https://www.benefitscanada.com/?p=138918 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 […]

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]]> Delta launching emergency savings program for U.S. employees https://www.benefitscanada.com/benefits/health-wellness/delta-launching-emergency-savings-program-for-u-s-employees/ Wed, 15 Feb 2023 14:00:22 +0000 https://www.benefitscanada.com/?p=133919 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 […]

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]]> 2022 IIC coverage: Protecting technology infrastructure critical for institutional investors https://www.benefitscanada.com/canadian-investment-review/post-event-coverage/2022-iic-coverage-protecting-technology-infrastructure-critical-for-institutional-investors/ Mon, 16 Jan 2023 12:50:06 +0000 https://www.benefitscanada.com/?p=130778 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 […]

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