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 […]
When it comes to engaging employees on matters of financial and personal wellness, it’s increasingly clear one size no longer fits all. In a roundtable in Toronto on Oct. 17, the 2019 Workplace Benefits Awards finalists focused their discussion on how to make sure their various programs and communication efforts were resonating with the multiple generations and […]
Manulife Financial Corp. is teaming up with Mila, a Quebec artificial intelligence institute, on health and financial wellness research projects. The partnership will allow the insurer to beef up its AI and advanced analytics capabilities and to “deliver on its commitment to help make decisions easier and lives better,” noted a press release. The collaboration will provide Manulife […]
Niagara Casinos took home the mental-health award at Benefits Canada‘s 2019 Workplace Benefits Awards in Toronto on Oct. 17 for its thorough and comprehensive approach to supporting its employees’ mental health. Its strategy, which is focused on awareness and prevention, aims to create and support a mentally healthy workplace, remove the stigma and provide resources […]
Imagine a scenario where an employee can’t afford to opt into their company’s defined contribution pension plan because of debt. Regardless of whether it’s a mortgage, student loan or credit card debt, the employee has more urgent short-term priorities, so saving for retirement is being pushed to the back-burner. How can employers ensure they’re talking […]
Most (80 per cent) Canadians said they’d rather have an improved pension, or any pension, than a higher salary, according to new research by the Healthcare of Ontario Pension Plan. The survey of 2,500 Canadians found more (75 per cent) respondents are worried about being able to save enough for retirement than are primarily concerned over […]