A fifth (20 per cent) of U.S. employees say contributing to their savings account has been their biggest financial worry in the last 12 months, according to a new survey by career website Zety.com. The survey, which polled 1,000 workers, found respondents have also been struggling with maintaining the same standard of living as they had […]
Nine in 10 (92 per cent) U.S. employees say they need additional financial resources in their employer-sponsored benefits plan, up from 79 per cent in 2022, according to a new survey by BCHR Holdings and Arthur J. Gallagher & Co. The survey, which polled more than 250 employers and roughly 700 employees, found one in […]
Nearly two-thirds (63 per cent) of Americans say they worry more about running out of money than death, up from 57 per cent in 2022, according to a new survey by the Allianz Life Insurance Co. of North America. The survey, which polled more than 1,000 employees with $150,000 investable assets, found generation X was […]
An article on the value that deferred profit-sharing plans can offer to small- and medium-sized employers was the most-read article on Benefits Canada.com this week. Here are the top five human resources, benefits, pensions and investment stories of the past week: 1. Sounding Board: How DPSPs can support SMEs’ retirement, talent management goals 2. CPPIB wants to […]
Four years ago, as the coronavirus pandemic entered its third month, I unknowingly — and unwittingly — took my first steps towards a new chapter in my career. As a writer for a Canadian travel trade publication, I was suddenly without work as the health crisis brought the global travel industry to a screeching halt. […]
While a majority of U.S. employees say they’re very confident (39 per cent) or confident (29 per cent) they’re doing a good job preparing for retirement, nearly two-thirds (62 per cent) either strongly or somewhat agree that preparing for retirement makes them feel stressed, according to a new survey by the Employee Benefit Research Institute. […]
PepsiCo Canada is baking flexibility into its retirement savings benefits to support employees’ financial security amid the rising cost of living. To help employees reach their retirement savings goal, the food and beverage company is matching employees’ bonuses up to 3.5 per cent, with the employer contribution automatically directed into their defined contribution pension plan. […]
While women are increasingly becoming primary income earners, few women manage their own finances as they near retirement, said Elisha Ribeiro, national sales director for integrated and group retirement services at the Canada Life Assurance Co. (pictured right), during a session at Benefits Canada’s 2024 Defined Contribution Plan Summit in February. “In our 20s, there […]
Manulife Financial Corp.’s latest financial stress survey found two-thirds (64 per cent) of employees aged 55 and younger and 50 per cent of workers aged 55 and older are seeking more financial advice from their employer, said Marc-Antoine Morin, the organization’s assistant vice-president of product development for group retirement solutions, during a session at Benefits […]
Three-quarters (74 per cent) of U.S. defined contribution pension plan sponsors say they’ll review plan fees throughout 2024, according to a new survey by investment consulting firm Callan. The survey, which polled more than 130 DC plan sponsors, found that half of respondents said they’re likely to move to lower-cost investment vehicles in 2024, up […]