financial planning – Benefits Canada.com https://www.benefitscanada.com Canada's most influential pension and benefits publication for decision-makers Thu, 21 Nov 2024 20:48:06 +0000 en-US hourly 1 https://wordpress.org/?v=4.9.8 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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]]> 61% of Canadians afraid of running out of money in retirement: survey https://www.benefitscanada.com/pensions/retirement/61-of-canadians-afraid-of-running-out-of-money-in-retirement-survey/ Tue, 05 Nov 2024 20:00:58 +0000 https://www.benefitscanada.com/?p=162297 Nearly two-thirds (61 per cent) of Canadians say they’re afraid of running out of money in retirement, according to a new survey by the Canada Pension Plan Investment Board. The survey, which polled more than 4,700 Canadian adults, found more than two-thirds (67 per cent) of employees aged 28 to 44 are afraid they’ll run […]

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]]> Canadians with rent, mortgage payments delaying retirement savings amid rising cost of living: survey https://www.benefitscanada.com/pensions/retirement/canadians-with-rent-mortgage-payments-delaying-retirement-savings-amid-rising-cost-of-living-survey/ Fri, 15 Mar 2024 13:00:05 +0000 https://www.benefitscanada.com/?p=153106 Canadian employees who rent or who have mortgage payments are managing economic pressures — like high interest rates and the rising cost of living — by putting off saving for retirement, according to a new survey by Co‑operators Financial Services Ltd. The survey, which polled 1,500 Canadian employees, found 77 per cent of renters said they […]

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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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]]> Survey finds 74% of workers say it’s important for employers to offer retirement savings options https://www.benefitscanada.com/benefits/health-wellness/survey-finds-74-of-workers-say-its-important-for-employers-to-offer-retirement-savings-options/ Mon, 30 Oct 2023 19:00:35 +0000 https://www.benefitscanada.com/?p=146106 Roughly three-quarters (74 per cent) of Canadian employees say it’s important for their employer to offer a retirement savings option, according to the latest mental-health index by Telus Health. The survey, which polled 3,000 respondents, found 70 per cent reported not knowing or being unsure of how much savings they’ll need to maintain their desired […]

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]]> Employers play crucial role in supporting employees’ savings amid rising cost of living: expert https://www.benefitscanada.com/news/bencan/employers-play-crucial-role-in-supporting-employees-savings-amid-rising-cost-of-living-expert/ Wed, 04 Oct 2023 13:00:07 +0000 https://www.benefitscanada.com/?p=144495 As Canadians struggle to save amid the rising cost of living, employers play a crucial role in facilitating savings options for their employees, says Doug Crowe, vice-president of RBC Group Advantage, the Royal Bank of Canada’s group retirement division. “The first important step employers can make is deciding to sponsor a group savings plan for employees, which […]

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]]> Just 17% of workers aged 50+ confident they can maintain a comfortable lifestyle in retirement: survey https://www.benefitscanada.com/pensions/retirement/just-17-of-workers-aged-50-confident-they-can-maintain-a-comfortable-lifestyle-in-retirement-survey/ Tue, 03 Oct 2023 13:00:31 +0000 https://www.benefitscanada.com/?p=144406 Only 17 per cent of U.S. employees aged 50-plus and 23 per cent of retirees are very confident they’ll be able to maintain a comfortable lifestyle throughout retirement, according to a new survey by the Transamerica Center for Retirement Studies in collaboration with the Transamerica Institute. The survey, which polled more than 10,000 U.S. employees, […]

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]]> Canadian women are 16% less confident about retiring than men: survey https://www.benefitscanada.com/pensions/retirement/canadian-women-are-16-less-confident-about-retiring-than-men-survey/ Tue, 14 Mar 2023 13:00:48 +0000 https://www.benefitscanada.com/?p=135251 Just over half (52 per cent) of Canadian women say they feel financially confident about retiring at their target age, compared to 68 per cent of men, according to a new survey by the Bank of Montreal. The survey, which polled more than 3,400 Canadian adults, found almost three-quarters (73 per cent) of women said […]

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