Home Financial well-being

Keyword: Financial well-being

192 results found
Copyright_rmarmion_123RF

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 […]

Copyright_123RF

A majority of Canadian employers believe providing workplace retirement savings plans can improve employee attraction and retention, according to a survey by Maru Group Ltd. on behalf of the Healthcare of Ontario Pension Plan. The survey, which polled 800 Canadian employers, found 88 per cent of those that offer a defined benefit pension plan said […]

Copyright_Sergey Tinyakov _123RF

A growing number of pre-retirees are planning to delay their retirement past age 65, according to a new survey by Fidelity Investments Inc. The survey, which polled more than 1,900 Canadians, found fewer than 38 per cent of respondents said they’re planning to retire by age 65, compared to about 42 per cent who said […]

  • By: Staff
  • November 15, 2021 November 16, 2021
  • 15:00

Three-quarters (75 per cent) of Canadians nearing or in early retirement said the coronavirus pandemic has them more concerned about their family’s financial security and well-being, according to a survey by Ipsos for Ryerson University’s National Institute on Ageing and HomeEquity Bank. Among respondents aged 55 to 69, 77 per cent expressed worry about their […]

  • By: Staff
  • November 5, 2021 November 5, 2021
  • 09:00

More than a third (35 per cent) of employees said they’re considering leaving their job or are unsure about whether to stay with their company, according to the latest monthly mental-health index by LifeWorks Inc. Additionally, the mental-health scores of these groups (negative 21.9 and negative 16.7, respectively) were more than three-times worse than for […]

  • By: Staff
  • October 28, 2021 October 28, 2021
  • 09:00

Nearly half (44 per cent) of employers that offer retirement benefits said employee productivity has been better than normal over the past year, compared to 29 per cent of employers that don’t offer retirement benefits, according to a survey by Maru Group Ltd. on behalf of the Healthcare of Ontario Pension Plan. The survey, which […]

  • By: Staff
  • October 7, 2021 October 7, 2021
  • 09:00

Canadians reported slightly higher levels of financial well-being in the summer of 2021, with many focusing on saving for retirement, according to a new survey by LifeWorks Inc. The survey, conducted among 3,000 respondents, found a financial well-being index score of negative 1.6 compared to the pre-coronavirus pandemic benchmark, up slightly from negative 2.8 in […]

  • By: Staff
  • October 5, 2021 October 5, 2021
  • 09:00
Copyright_Sergey Tinyakov _123RF

Nearly a quarter (23 per cent) of working Canadians say the coronavirus pandemic has delayed their — or their spouse’s — timeline to retirement, according to a new survey by Ipsos on behalf the Canadian Institute of Actuaries. The survey, which polled more than 1,500 Canadians aged 18 and up, found the top reason for the […]

  • By: Staff
  • September 30, 2021 September 30, 2021
  • 15:00
Canadians taking CPP at 60 losing $100,000+ in retirement income: study

About a third (36 per cent) of working Canadians and 21 per cent of retirees aren’t confident how much money their retirement income sources will provide them in the future, according to a new survey by Mackenzie Investments. Fortunately, a majority (79 per cent) of retirees said they’re very or somewhat confident their retirement income sources will […]

  • By: Staff
  • September 28, 2021 September 27, 2021
  • 09:00

Canada drops to No. 10 among developed nations for retiree well-being after spending two years in a row at No. 8, according to Natixis Investment Managers’ annual global retirement index. The index, which provides an overview of the relative well-being and financial security of retirees in 44 countries, examined several factors, including whether a country […]

  • By: Staff
  • September 23, 2021 September 22, 2021
  • 09:00