More than half (56 per cent) of people in the world’s 10 fastest growing economies have retirement goals at roughly twice the size of what they’re actually likely to have accumulated by age 60, according to a new report by multinational financial services company Standard Chartered. In the top 10 fastest growing economies — which include China, […]
In November 2018, Niagara Casinos set up a pop-up coffee shop, called NC Café, across its three locations for a week. It was part of the company’s annual pension communications strategy, which also includes messaging on the employee intranet, seminars, targeted mailings and plan updates on fee reductions, contribution increases or investment fund changes. “This […]
The majority (70 per cent) of U.S. employees said their top financial concern is saving enough money for retirement, according to a new survey by StanCorp Financial Group Inc. The survey, which polled 1,000 full-time U.S. employees between the ages of 21 and 69, also found 57 per cent said they’re also concerned about monthly […]
A majority of Canadian employees who are expecting to receive a holiday bonus this year want to put it towards their financial well-being, according to a new survey by Robert Half International. More than a quarter (27 per cent) of the 500 surveyed employees said they’re expecting a bonus this year. Nearly half (47 per cent) […]
It’s no surprise that FreshBooks takes its employees’ financial literacy seriously. The Toronto-based accounting software firm regularly holds lunch-and-learn workshops and hosts subject manner experts on a wide range of financial wellness topics, including investing basics and ethical investing, mortgages, building up savings and several aspects of tax preparation during tax season. It also offers […]
Morneau Shepell Ltd. is partnering with the Canadian Football League Players’ Association to make its LifeWorks platform available to the league’s players. LifeWorks is a total well-being platform that supports users’ mental, physical, social and financial well-being. It will be provided to CFL players as part of the CFLPA Academy, which already offers career transition programs. Players […]
While debt loads and plans for leaving an inheritance affect how quickly people spend their retirement savings, personality could also play a significant role, according to a new study published by the American Psychological Association. The study, conducted by Sarah Asebedo and Christopher Browning at Texas Tech University, looked at the personality and psychological data […]
Hub International Ltd. is expanding its Canadian employee benefits and retirement services with six key service areas. It also named its employee benefits leadership team for the country, including Robert Taylor of TRG Group Benefits, which was acquired by Hub in January; Hub chief innovation officer Faizal Mitha; Mary-Lou MacDonald, Hub’s national practice lead of health and […]
In tandem with Financial Literacy Month, Great-West Life Assurance Co. is adding Koho’s full-service spending account to select group retirement savings plans. The accounts are paired with a prepaid, reloadable Visa 0.5 per cent cash-back card and an integrated mobile app, which provides users with real-time insights into their spending habits, prompting real behavioural changes. […]
Mercer is launching an all-in-one digital platform that gives employees access to a variety of wellness vendors to support their physical, mental, financial or social well-being. Mercer 365, which will be rolled out in January 2020, allows employers to offer their staff benefits through an online, self-serve platform. It will also include access to benefits utilization and […]