When it comes to workplace wellness, health and wealth must go hand in hand, according to a speaker at the recent Mental Health Summit in Toronto. Eric Pfeiffer, a senior health management consultant at Manulife Financial Corp., told attendees at the Nov. 7 event that dealing with financial fitness is similar to dealing with mental […]
In its sixth year of offering employees educational workshops during Financial Literacy Month, Western University has changed its approach this time by delivering information on a range of topics rather than just the organization’s pension plans. In the past, the university has used the financial literacy focus to communicate the details of its two defined contribution plans, […]
More than three-quarters (79 per cent) of Canadians aged 35 to 54 are worried about not having enough money to retire when they want to, according to a new survey by CIBC. The survey, which polled more than 1,500 Canadian adults, found the vast majority (85 per cent) agreed they need to save more money, but 64 […]
Nearly half (49 per cent) of Canadians don’t consider an inheritance part of their long-term financial future, according to a new survey by investment firm Edward Jones Canada. The survey also found 50 per cent of respondents between ages 18 and 54 who earn less than $40,000 per year said they don’t expect an inheritance, while 61 per […]
While Allstate Insurance Co. of Canada provides several financial education and information sessions to employees throughout the year, it’s focusing on the importance of financial literacy this November to align its offerings with Canada’s Financial Literacy Month. “Financial wellness is actually a key component of our healthy workplace strategy at Allstate,” says Adrianne Sullivan-Campeau, the organization’s vice-president of human resources. Read: Just […]
Nearly three-quarters (74 per cent) of Canadian employers feel they have a responsibility to help their employees with their financial wellness, according to a new survey by the Conference Board of Canada. However, just one-fifth of employer respondents have a formal comprehensive financial wellness strategy in place, while an additional 37 per cent provide several programs that aren’t […]
Feelings of embarrassment and shame around personal financial struggles are affecting Canadians’ workplace productivity and there’s a role for employers to play, according to a new study by Manulife Financial Corp. The study, conducted in partnership with Homewood Health Inc., surveyed more than 200 employee assistance program counsellors. The vast majority (93 per cent) of respondents believe financial […]
With companies like Aetna Inc., Fidelity Investments and Penguin Random House offering programs to help reduce student debt, there’s a growing trend in the United States towards assisting employees with their loans. And with tax reform currently on the table south of the border, a U.S.-based advocacy group is urging the government to provide an exemption […]
Financial concerns weigh heavily on employees’ minds both at home and at work, according to a new survey by Ernst & Young. As such, many organizations recognize the need to help their employees by providing a financial wellness program. The majority (86 per cent) of human resources professionals surveyed said their organization offers such a […]
A consultant’s role was historically a passive one, says Martin Leclair, who recently left a role at Toronto-based consulting firm Proteus Performance Management. The consultant’s role centred on the various aspects of developing pension and benefits plans for employers, from choosing fund offerings and implementing target-date options and automatic enrolment to decisions about formularies, step […]