During Financial Literacy Month, the Royal Bank of Canada is supporting employees’ financial wellness through a new website that provides financial education and support. The My Money Matters website contains more than 1,000 articles on financial well-being and was designed to de-stigmatize conversations about money, says Elvis Wong, the bank’s director of financial well-being. “We […]
The Bank of Montreal is extending paid leave benefits to employees who are reservists with the Canadian Armed Forces. These employees will receive up to eight weeks of paid leave top-up of their earnings while they’re away for military training and 52 weeks of paid leave top-up to their earnings if they’re on domestic or […]
Since the onset of the coronavirus pandemic three years ago, the global economy has faced a bumpy ride, led by the lingering public health crisis, rising geopolitical tensions and high inflation. The 2023 Defined Contribution Investment Forum, which was held on Sept. 29 at the Ritz-Carlton Hotel in Toronto, shared thought leadership on the various […]
Defined contribution pension plan members are currently in a different place, especially the younger generations, who are likely feeling as though their financial priorities don’t line up with workplace pensions the way they did for previous generations. “What I’m getting at here is the idea that retirement saving isn’t the undeniable consensus top priority it […]
Among baby boomers with a chronic physical or mental-health condition that requires medication or treatment (49 per cent), a third (32 per cent) have changed or considered changing their retirement plans to pay for health-related costs, according to a new survey by Sun Life Financial Inc. The survey, which polled 750 baby boomers and 750 […]
An article on Lululemon Athletica Inc.’s win in the Financial wellness category at Benefits Canada‘s 2023 Workplace Benefits Awards was the most-read story on BenefitsCanada.com over the last week. Here are the five most popular news stories of the week: 1. Lululemon’s retirement savings plans, financial literacy initiatives lead to award win 2. Telus Communications’ commitment to psychologically safe workplace leads to […]
While more than two-thirds (69 per cent) of U.S. small- and medium-sized employers say the main reason they offer a retirement savings plan is to help employees save for the future, nearly half say they do so to help retain (47 per cent) and attract (40 per cent) top talent, according to a new survey by Capital […]
More than two-thirds (68 per cent) of U.S. employees say they plan to stay with their current employer, up from 64 per cent in 2022 but down from 72 per cent in 2021, according to a new survey by Mercer. The survey, which polled more than 4,500 employees, found three-quarters (74 per cent) said they […]
As a majority (84 per cent) of Canadian employers say they’re concerned about an emerging retirement income crisis, they also agree that, without access to employer-sponsored pension plans, workers will become a burden on the taxpayer (82 per cent) and the economy will suffer (79 per cent), according to a new survey by the Healthcare […]
Lululemon Athletica Inc.’s extensive financial wellness offerings led to a win at Benefits Canada‘s 2023 Workplace Benefits Awards on Oct. 20. The apparel company won in the Financial wellness category for its Fund Your Future program, which offers financial benefits and resources to support employees in making informed decisions no matter where they are in their financial journey. […]