financial wellness – Benefits Canada.com https://www.benefitscanada.com Canada's most influential pension and benefits publication for decision-makers Fri, 22 Nov 2024 22:16:07 +0000 en-US hourly 1 https://wordpress.org/?v=4.9.8 Head to head: Are employers’ financial literacy initiatives translating into reality? https://www.benefitscanada.com/archives_/benefits-canada-archive/head-to-head-are-employers-financial-literacy-initiatives-translating-into-reality/ Fri, 15 Nov 2024 13:59:53 +0000 https://www.benefitscanada.com/?p=162361 One expert suggests employers bridge their knowledge gap by finding ways to turn education into action, while another says companies’ commitments to ongoing financial literacy is helping to do just that. Roland Chiwetelu (pictured right), associate director of financial wellness, Eckler Ltd. One expert suggests employers bridge their knowledge gap by finding ways to turn […]

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]]> Top 5 HR, benefits, pension and investment stories of the week https://www.benefitscanada.com/news/bencan/top-5-hr-benefits-pension-and-investment-stories-of-the-week-107/ Fri, 08 Nov 2024 14:00:16 +0000 https://www.benefitscanada.com/?p=162539 An article on Samsung Electronics Co. Ltd.’s win in the Health/Wellness Program category for employers with fewer than 1,000 employees at Benefits Canada’s 2024 Workplace Benefits Awards was the most-read story on BenefitsCanada.com this past week. Here are the top five human resources, benefits, pension and investment stories of the last week: 1. Samsung’s multi-faceted well-being strategy leads to […]

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]]> 2024 DC Investment Forum: Young Canadians’ retirement savings at mercy of housing market, government inaction https://www.benefitscanada.com/events/conference-coverage/2024-dc-investment-forum-young-canadians-retirement-savings-at-mercy-of-housing-market-government-inaction/ Wed, 06 Nov 2024 12:59:47 +0000 https://www.benefitscanada.com/?p=161884 Young Canadian employees are facing a series of headwinds stemming from rising housing costs and decades of inaction by the federal government to support retirement savings, said Paul Kershaw, founder of not-for-profit organization Generation Squeeze and a policy professor at the University of British Columbia, during the keynote session at Benefits Canada’s 2024 Defined Contribution […]

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]]> 2024 DC Investment Forum: Panel: How employers are supporting plan members’ investment decisions amid rising cost of living https://www.benefitscanada.com/events/conference-coverage/2024-dc-investment-forum-panel-how-employers-are-supporting-plan-members-investment-decisions-amid-rising-cost-of-living/ Wed, 06 Nov 2024 12:51:23 +0000 https://www.benefitscanada.com/?p=161887 The rising cost of living in the post-pandemic era has impacted all aspects of employees’ financial wellness, including retirement savings. In 2023, Hofmann-La Roche Ltd. examined the savings needs of its multigenerational workforce and determined more flexibility was required to encourage employees to set aside retirement savings, said Rana Kassab (pictured right), the company’s director […]

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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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]]> Desjardins promoting financial literacy through personalized advice, program for young workers https://www.benefitscanada.com/benefits/health-wellness/desjardins-promoting-financial-literacy-through-personalized-advice-program-for-young-workers/ Tue, 05 Nov 2024 14:00:59 +0000 https://www.benefitscanada.com/?p=162334 During Financial Literacy Month and throughout the entire year, Desjardins Group is promoting financial literacy by offering employees personalized financial advice, as well as hosting a program geared towards young workers. “Over the last few years, we’ve worked incredibly hard on several initiatives that support the financial empowerment of our [employees and customers],” says Isabelle […]

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]]> Top 5 HR, benefits, pension and investment stories of the week https://www.benefitscanada.com/news/bencan/top-5-hr-benefits-pension-and-investment-stories-of-the-week-106/ Fri, 01 Nov 2024 13:00:23 +0000 https://www.benefitscanada.com/?p=162214 An article on Amazon Canada’s win in the Financial Wellness Program category at Benefits Canada’s 2024 Workplace Benefits Awards was the most-read story on BenefitsCanada.com this past week. Here are the top five human resources, benefits, pension and investment stories of the last week: 1. Amazon Canada’s new estate planning benefit key to financial wellness win 2. Half of Canadian employees behind […]

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]]> Samsung’s multi-faceted well-being strategy leads to award win https://www.benefitscanada.com/benefits/health-wellness/samsungs-multi-faceted-well-being-strategy-leads-to-award-win/ Fri, 01 Nov 2024 13:00:11 +0000 https://www.benefitscanada.com/?p=161335 Samsung Electronics Co. Ltd.’s multi-faceted approach to employee well-being took home the top prize in the Health/Wellness Program category for employers with fewer than 1,000 employees at Benefits Canada’s 2024 Workplace Benefits Awards on Oct. 18. “I’m actually really surprised [by the award win]!” says Merlyn Sequeira, senior director of total rewards at Samsung. “It’s […]

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]]> CAA Club Group wins award for holistic, data-driven wellness approach https://www.benefitscanada.com/benefits/health-wellness/caa-club-group-wins-award-for-holistic-data-driven-wellness-approach/ Thu, 31 Oct 2024 13:00:44 +0000 https://www.benefitscanada.com/?p=161333 CAA Club Group’s holistic and data-driven approach to employee well-being led to a win in the Health/Wellness Program category for employers with more than 1,000 employees at Benefits Canada’s 2024 Workplace Benefits Awards on Oct. 18. This is the second year in a row that CAA has won the award. “We know that we do […]

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]]> Half of Canadian employees behind in retirement savings: survey https://www.benefitscanada.com/pensions/retirement/half-of-canadian-employees-behind-in-retirement-savings-survey/ Mon, 28 Oct 2024 19:00:47 +0000 https://www.benefitscanada.com/?p=161901 Half (51 per cent) of Canadian employees say they’re behind in their retirement savings and 34 per cent are worried about not having enough money saved when they retire, according to a new survey by Manulife Financial Corp. The survey, which polled more than 1,500 employees and more than 500 retirees, found generation X (35 […]

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