The result of the federal election could have a direct impact on working parents. The Liberal Party made a national $10 a day childcare system a key part of its budget in the spring. However, the Conservative Party, if elected, is promising to immediately scrap these plans. In its election platform, the Conservatives set out a plan […]
The Conservative Party is promising, if elected, to extend employment insurance parental benefits to parents experiencing the trauma of a miscarriage, stillbirth or loss of a child. “Every year, thousands of Canadian parents struggle with the loss of a child, but our current benefits system does not provide the proper support for grieving parents,” said […]
Almost two-thirds (63 per cent) of Canadians cited retirement as a financial goal compared to last quarter (58 per cent), according to a quarterly survey by Ipsos for the Bank of Montreal. The survey, which polled more than 3,000 adults aged 18 and older, found 67 per cent of respondents said they’re continuing to set […]
Amid the ongoing federal election campaign, the Liberal Party is promising to table legislation that would allow employers to request proof of a coronavirus vaccination without fear of a legal challenge. While few details were provided, the legislation would pertain to vaccination requirements for employees and customers, according to a press release. Read: Where do […]
Income inequality in the U.S. is contributing to the growth of financial insecurity in retirement, exacerbated by a shift from pensions to individual 401(k) savings accounts, according to a new report by the U.S. National Institute On Retirement Security. It found in 2019, white households across three generations — baby boomers, generation X and millennials […]
Board and executive-level efforts to integrate environmental, social and governance issues into pension plans’ investment strategies are frequently thwarted by unclear guidance from plan sponsors and uncertainty about fiduciary duties, according to a new working paper by the University of Pennsylvania. The paper concluded that efforts to implement ESG criteria in investment decision-making are frequently hamstrung […]
If elected, the Conservative Party is promising it will encourage employers to add mental-health coverage to their benefits plans by offering a tax credit for 25 per cent of the cost of this additional coverage for the first three years. Meanwhile, the Liberal Party is promising Canadians increased access to free mental-health services through a new […]
Victoria, B.C.-based Adamek Financial, a boutique benefits consulting firm, is merging with Sterling Capital Brokers Ltd. Founded in 2014, Sterling Capital is an independent benefits consulting firm based in Toronto and specializing in servicing small- to medium-sized employers. Adamek Financial’s team has a combined 92 years of consulting experience that includes benefits plan reviews, plan management, […]
A majority (88 per cent) of organizations across the globe believe their workers are more stressed now than they were two years ago, according to a new survey by the International Foundation of Employee Benefit Plans. Employers said a majority (92 per cent) of their overall employee population is now somewhat or very stressed. And […]
Concerns surrounding returning to the office and workplace coronavirus vaccination policies are negatively affecting Canadian workers’ mental health and well-being, according to LifeWorks Inc.’s latest mental-health index. Although July’s mental-health score held steady at negative 10.1, the same as for June 2021, it was the 16th consecutive month in a row that the index revealed […]