A third of employees don’t expect to ever reach full retirement, according to a new survey by Aon. The survey, which polled 1,000 Canadians at all stages of their careers, found more employees are postponing retirement due to financial concerns. The majority of participants said they don’t expect to fully retire all at once, with only 34 per cent […]
When the World Economic Forum met this year in Davos, Switzerland, it chose a very timely topic: the fourth industrial revolution that’s about to be wrought by automation. Like every revolution, it will have winners and losers. Artificial intelligence will massively increase productivity and create jobs that don’t even exist today. But at the same time, it will […]
Retirement is a time in every employee’s life that evokes a number of emotions: anticipation, excitement, fear, stress, anxiety and relief, among others. The positive emotions are amplified when planning has taken place to remove the stress, fear and anxiety, so it’s important that people considering retirement aren’t leaving preparation to the last minute, especially not the month or […]
While educational content is a key component of financial wellness programs, they must also be measurable and embrace technology to help defined contribution plan members move easily from ambition to action, according a new report by the SPARK Institute and Cerulli Associates. The report, which combined feedback from 26 U.S. record keepers representing $5.9 trillion in […]
From banks to insurers to the federal government, retirement calculators are a regular feature of the financial planning landscape. At their most basic, they use data, such as age, income and current assets, to provide recommendations for how an individual can aim to meet their retirement goals. But can these tools truly provide a reliable […]
Eckler Ltd. is acquiring independent financial wellness company Employee Financial Well-being. Since 2011, Employee Financial Well-Being has provided financial education and training to employees across Canada. In a press release, Eckler said there’s a need to increase unbiased education as Canadians are presented with benefits that require them to make decisions. “Eckler’s acquisition of EFW is another […]
More than a third of Canadians aren’t confident they’ll reach their financial goal for retirement, according to a new survey by the Royal Bank of Canada. The bank, which surveyed 2,000 non-retired Canadians, found 16 per cent are very confident, 45 per cent felt somewhat confident and 39 per cent aren’t confident they’ll ever reach their retirement […]
Almost half (49 per cent) of U.S. employers are concerned that employees delaying their retirements will increase benefits costs, according to a new survey by Willis Towers Watson. The survey, based on responses from almost 150 large employers in the United States, also found 41 per cent of respondents are concerned that delayed retirement will increase salary costs and 37 per cent […]
Employers will rely more on technology to shape and analyze their future wellness offerings, according to a global workforce well-being survey by consultancy Buck. The survey, which polled more than 250 employers, found the majority of organizations are planning to offer workplace health competitions (62 per cent), stress management programs (60 per cent), workplace environment improvements (58 per cent), online courses and training for […]
In my formative school years, it was mandatory for all students to learn cooking, carpentry and typing, among other non-academic pursuits. While I’m certainly grateful to have those life skills, as I get older I wonder why we weren’t taught to invest in the stock market, save for retirement or do our taxes. Generationally, I […]