financial literacy – Benefits Canada.com https://www.benefitscanada.com Canada's most influential pension and benefits publication for decision-makers Fri, 22 Nov 2024 22:16:07 +0000 en-US hourly 1 https://wordpress.org/?v=4.9.8 Head to head: Are employers’ financial literacy initiatives translating into reality? https://www.benefitscanada.com/archives_/benefits-canada-archive/head-to-head-are-employers-financial-literacy-initiatives-translating-into-reality/ Fri, 15 Nov 2024 13:59:53 +0000 https://www.benefitscanada.com/?p=162361 One expert suggests employers bridge their knowledge gap by finding ways to turn education into action, while another says companies’ commitments to ongoing financial literacy is helping to do just that. Roland Chiwetelu (pictured right), associate director of financial wellness, Eckler Ltd. One expert suggests employers bridge their knowledge gap by finding ways to turn […]

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]]> How Meridian’s financial wellness offerings benefit employees, organization as a whole https://www.benefitscanada.com/archives_/benefits-canada-archive/how-meridians-financial-wellness-offerings-benefit-employees-organization-as-a-whole/ Fri, 15 Nov 2024 13:58:33 +0000 https://www.benefitscanada.com/?p=162701 As a financial institution that provides banking and wealth management services to customers, Meridian Credit Union ensures it also offers employees a comprehensive suite of services to support their financial wellness. This includes a defined contribution pension in which staff contribute a mandatory three per cent of annual earnings, with the employer contributing between three […]

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]]> How employers can support female employees’ financial, retirement wellness https://www.benefitscanada.com/archives_/benefits-canada-archive/how-employers-can-support-female-employees-financial-retirement-wellness/ Fri, 13 Sep 2024 12:57:35 +0000 https://www.benefitscanada.com/?p=159970 Brianne Collins, age 29, has worked as a senior copywriter at a large Toronto-based advertising agency for just over a year. Collins’ agency supports employee financial wellness in several ways, including a group registered retirement savings plan, financial advice and Financial Literacy Month webinars with sessions covering various financial topics. “In busy day-to-day work, it’s […]

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]]> Association of Ontario Midwives Benefits Trust supporting employees with financial literacy, DC plan options https://www.benefitscanada.com/events/conference-coverage/association-of-ontario-midwives-benefits-trust-supporting-employees-with-financial-literacy-dc-plan-options/ Fri, 10 May 2024 11:56:25 +0000 https://www.benefitscanada.com/?p=154784 Financial literacy initiatives and a wide range of capital accumulation plan options are key components in supporting the financial health of midwives, said Nicole Mellin, executive director of the Association of Ontario Midwives Benefits Trust (pictured left), during a session at Benefits Canada’s 2024 Defined Contribution Plan Summit in February. The association provides its roughly […]

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]]> Are Canadians retirement ready? https://www.benefitscanada.com/events/conference-coverage/are-canadians-retirement-ready/ Fri, 10 May 2024 11:55:39 +0000 https://www.benefitscanada.com/?p=154797 Manulife Financial Corp.’s latest financial stress survey found two-thirds (64 per cent) of employees aged 55 and younger and 50 per cent of workers aged 55 and older are seeking more financial advice from their employer, said Marc-Antoine Morin, the organization’s assistant vice-president of product development for group retirement solutions, during a session at Benefits […]

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]]> My Take: More financial literacy needed to help employees achieve retirement goals https://www.benefitscanada.com/pensions/retirement/my-take-more-financial-literacy-needed-to-help-employees-achieve-retirement-goals/ Wed, 17 Jan 2024 14:00:06 +0000 https://www.benefitscanada.com/?p=150699 The skyrocketing cost of living has created increased need for employees to receive additional financial well-being information to meet their retirement savings goals. It’s increasingly difficult for most Canadians to put aside any savings above their monthly expenses, thanks in large part to the squeeze from high inflation and the effects of increased interest rates […]

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]]> Would Brazil’s new bond work in Canada? https://www.benefitscanada.com/archives_/benefits-canada-archive/would-brazils-new-bond-work-in-canada/ Fri, 15 Dec 2023 13:55:21 +0000 https://www.benefitscanada.com/?p=148795 RendA+, an innovative bond instrument in Brazil, is serving as a relatively safe asset for defined contribution pension plans and lowering retirement risk, especially for those without a workplace pension plan. At a 2019 retirement security conference held in Brazil, Arun Muralidhar, chairman and chief investment officer at AlphaEngine Global Investment Solutions, proposed the introduction […]

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]]> Top 5 HR, benefits, pension and investment stories of the week https://www.benefitscanada.com/news/bencan/top-5-hr-benefits-pension-and-investment-stories-of-the-week-63/ Fri, 01 Dec 2023 14:00:54 +0000 https://www.benefitscanada.com/?p=148089 An article on how Desjardins Insurance is supporting employee financial wellness was the most-read story on BenefitsCanada.com over the last week. Here are the five most popular news stories of the week: 1. Desjardins using budget workshops, interactive game to support employee financial wellness 2. Canadian employers implementing four-day workweek note increased worker happiness, productivity: report 3. OPB appointing Darwin […]

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]]> Desjardins using budget workshops, interactive game to support employee financial wellness https://www.benefitscanada.com/benefits/health-wellness/desjardins-using-budget-workshops-interactive-game-to-support-employee-financial-wellness/ Fri, 24 Nov 2023 14:00:50 +0000 https://www.benefitscanada.com/?p=147619 Desjardins Insurance is marking Financial Literacy Month with a series of budgeting workshops for employees and an interactive game to help improve financial literacy. The workshops cover topics such as using a budget to manage cash flow, how to plan for future goals and how to save on grocery bills amid rising inflation and food prices. […]

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]]> 2023 DC Investment Forum: Silver linings for retirement savings, investment trends and younger generations https://www.benefitscanada.com/events/conference-coverage/2023-dc-investment-forum-silver-linings-for-retirement-savings-investment-trends-and-younger-generations/ Mon, 06 Nov 2023 12:59:49 +0000 https://www.benefitscanada.com/?p=146050 Defined contribution pension plan members are currently in a different place, especially the younger generations, who are likely feeling as though their financial priorities don’t line up with workplace pensions the way they did for previous generations. “What I’m getting at here is the idea that retirement saving isn’t the undeniable consensus top priority it […]

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