Financial stress is an ever-present concern for many employees — among women, it’s even more pronounced. A survey by the Financial Resilience Institute found almost two-thirds (72 per cent) of women said money worries cause them emotional stress, eight percentage points higher than men, while 71 per cent of Canadian women are stressed about not […]
Employers can remove friction from benefits and pension plan design by encouraging ease of use, communications and reducing decision fatigue, according to a panel discussion at Benefits Canada’s inaugural Women’s Health & Wealth Summit. According to the 2025 Employee Savings Survey, women were less likely than men to describe their financial health as excellent or […]
Understanding retirement savers’ views, concerns and points of stress related to their financial lives allows the industry to build investment solutions and craft communications strategies that are more likely to resonate and be more impactful, according to Jessica Sclafani, global retirement strategist at T. Rowe Price, during a session at Benefits Canada‘s 2026 Defined Contribution […]
On balance, Canadians believe they’re meeting their ambitions, including investment- and financial-related goals, said Michael Keaveney, client portfolio manager in total investment solutions at CIBC Asset Management, during a session at Benefits Canada’s 2026 Defined Contribution Plan Summit. Sharing the results of CIBC’s recent ambitions index, he noted two-thirds said they believe they’ve been meeting their […]
An article on an Ontario judges’ association’s lawsuit against their pension plan sponsor was the most-read article on BenefitsCanada.com this past week. Here are the top five human resources, benefits, pension and investment stories of the last week: 1. Ontario judges’ group sues pension plan sponsor to prevent investments in derivatives 2. Survey finds Canadians […]
In its 2026 budget, the Quebec government said it intends to enhance the appeal of voluntary retirement savings plans amid low uptake of the savings vehicle. This includes the introduction of a minimum contribution rate of two per cent of salary and the possibility of closing inactive accounts in certain situations, according to a statement […]
While the percentage of plan members who describe their personal financial situation as significantly or somewhat better than last year decreased from 42 per cent in 2025 to 34 per cent, the percentage that describe it as significantly worse or somewhat worse has also dropped, from 26 per cent last year to 22 per cent, […]
Canadians believe they’ll need an average of $1.7 million to retire comfortably, up from $1.54 million in 2024, and more than a third say they’re unlikely to reach that goal, according to a new survey by BMO Financial Group. It found retirement expectations vary significantly by region, with British Columbia reporting the highest average savings […]
An article on the impact of a discrimination lawsuit against a bureau of the Canadian Broadcasting Corp. was the most-read article on BenefitsCanada.com this past week. Here are the top five human resources, benefits, pension and investment stories of the last week: 1. Discrimination lawsuit underscores reputational, accommodation risks for employers: expert 2. Heated rivalry […]
Nearly half (48 per cent) of Canadian employees are contributing as much as they can afford to their workplace retirement plans, but only 41 per cent believe their contributions — including employer matches — will be enough to ensure a comfortable retirement, according to a new survey by T. Rowe Price. The Canadian portion of […]