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Keyword: Financial wellness

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A majority (72 per cent) of plan sponsors believe their retirement savings plan is meeting its goals this year, up from roughly 66 per cent in 2020, according to a new survey by Fidelity Investments Inc. While 68 per cent said their employees are saving enough for retirement — up from 59 per cent in […]

  • By: Staff
  • July 29, 2021 July 29, 2021
  • 09:00
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A majority (63 per cent) of U.S. employees said their employer doesn’t offer a financial wellness program, according to a new survey by the Defined Contribution Institutional Investment Association. It found only 18 per cent of respondents have access to financial wellness resources through their employer and, of these respondents, just eight per cent have […]

  • By: Staff
  • July 27, 2021 July 27, 2021
  • 15:00
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SAP Canada Inc. is accelerating the expansion of virtual wellness offerings through its benefits package amid the coronavirus pandemic. “The pandemic has essentially pressed fast-forward on a direction that the market was already going,” says Megan Smith, vice-president and head of human resources at the software company. “It forced the issue of remote work, causing employers […]

The majority (64 per cent) of consulting and advisory firms said their plan sponsor clients are looking to improve financial wellness programs, according to a new defined contribution plan consulting survey by PIMCO. The same percentage (64 per cent) of respondents said plan sponsors want to improve participant retirement education and evaluate investment fees. The […]

  • By: Staff
  • July 22, 2021 July 22, 2021
  • 09:00

As vaccination efforts continue rolling out across the country, ambiguous return-to-work plans are impacting Canadian workers’ mental health, according to LifeWorks Inc.’s latest mental-health index. While the mental-health score among Canadians for June was negative 10.7, a slight increase from May’s score of negative 11.2, it was the 15th consecutive month where it sat in the […]

  • By: Staff
  • July 21, 2021 July 21, 2021
  • 09:00

The Ontario-based engineering consultancy firm C.F. Crozier and Associates Inc. is going beyond offering typical benefits, such as eye, dental and mental-health care, and providing employees with $20,000 to use as a down payment on their first home. Nick Mocan, president of C.F. Crozier, says he’d often hear employees relay horror stories of bidding wars […]

Canadians’ financial well-being on the decline: survey

Nearly two in five (38 per cent) Canadians polled said money is their No. 1 source of stress in life, even more than personal health (26 per cent), work (20 per cent) or relationships (15 per cent), according to a new survey by FP Canada. According to the survey, which polled more than 1,500 Canadians, […]

  • By: Staff
  • June 28, 2021 June 28, 2021
  • 15:15

With the 2021 Workplace Benefits Awards’ nomination process drawing to a close in a couple of weeks, Benefits Canada is pleased to announce this year’s panel of judges. The deadline for this year’s awards has been extended to July 7, at which time the awards entries will be turned over to several industry experts. Read: Deadline […]

  • By: Staff
  • June 25, 2021 June 24, 2021
  • 09:00

The coronavirus pandemic is financially impacting generation Z, millennials, generation X and baby boomers differently. Canadians from the millennial (22 per cent) and gen-X (25 per cent) cohorts were slightly more than two-times more likely than baby boomers (10 per cent) to have said the pandemic significantly set them back financially, according to a new […]

  • By: Staff
  • June 24, 2021 June 24, 2021
  • 09:00
Who are the winners of the inaugural Pension Leadership Awards?

Benefits Canada is extending the deadline for entering the 2021 Workplace Benefits Awards to Wednesday, July 7. The annual awards, which will be held virtually on Oct. 14, recognize employers and plan sponsors that are leading the way with their approaches to supporting the mental, physical and financial well-being of their employees. Enter the 2021 Workplace Benefits Awards today. […]

  • By: Staff
  • June 21, 2021 June 21, 2021
  • 08:45