After nine months of uncertainty in the financial markets and with no end in sight to the coronavirus pandemic, more and more Canadian workers are worrying about life after retirement, according to a new survey by Manulife Investment Management. It found financial woes are taking a toll on workers, with a 16 per cent rise […]
With 95 per cent of employees working from home as of mid-March, TMX Group Ltd.’s wellness team quickly mobilized to create and implement a weekly virtual wellness program to keep them happy, healthy, engaged and motivated during a truly challenging time. The program, which was rolled out across the first 10 weeks of the coronavirus […]
Defined contribution pensions are taking a bumpy ride in the coronavirus pandemic, with plan sponsors and their members facing volatile stock markets, financial uncertainty and interruptions to business as usual. Whether related to plan design, investment options, decumulation or overall financial well-being and education, what issues are taking the spotlight this year and what changes […]
Despite a decline in mental health and well-being since the beginning of the coronavirus pandemic, Canadians are still hesitant to access support, according to Morneau Shepell Ltd.’s latest monthly mental-health index. About half (53 per cent) of respondents indicated the pandemic has made them less likely to access health care for physical (29 per cent) and mental-health […]
More than two-thirds (67 per cent) of working Canadians said they’d use video chat, web or telephone-based health support to consult with a mental-health practitioner, up 17 percentage points since 2019, according to a new survey by RBC Insurance. The survey, which polled 1,001 employed or recently laid-off Canadians in July, also found the percentage of working […]
More than a third (36 per cent) of Canadian organizations froze salaries in 2020, compared to a pre-coronavirus forecast of just two per cent, according to Morneau Shepell Ltd.’s annual salary projection survey. The trend is likely to hold true for the coming year, with almost half (46 per cent) of employers saying they’re uncertain […]
The coronavirus pandemic is highlighting many trends in group retirement and investment programs, pushing the industry to be flexible and quick with some of the newer offerings. As plan sponsors review their group retirement plans in the coming months, they may want to consider some, or all, of these four trends. 1. Financial wellness becoming a must. […]
While 62 per cent of working Canadians said they’re able to save more than five per cent of their paycheque in 2020, compared to 59 per cent in 2019, more are financially stressed than in previous years, according to a new survey by the Canadian Payroll Association. The survey, along with an analysis of its […]
Retirement income can be sliced into three broad categories: what an individual receives from their employer, what they receive from the government and everything else. While plan sponsors are naturally most concerned with what they provide for plan members, including all forms of income in the conversation is integral to properly planning for retirement, says […]
Canadians’ mental health continues to be affected by the impact of the coronavirus, including concerns about a second wave, ongoing economic uncertainties and the added concerns of students returning to school, according to Morneau Shepell Ltd.’s latest mental-health index. For the fifth consecutive month, it showed a negative mental-health score, at negative 11, a slight […]