The Financial Services Regulatory Authority of Ontario is promoting the importance of retirement planning and the value of a workplace pension on the third anniversary of Pension Awareness Day taking place today Feb. 20. In an emailed statement to Benefits Canada, Andrew Fung, executive vice-president of pensions at the FSRA, said he’s proud that more […]
Employers can help employees maintain harmony in their relationship on Valentine’s Day and beyond through financial wellness programs, says Connie Cooper, associate vice-president of executive financial counselling and education services at CWB Wealth. According to a recent survey by the Royal Bank of Canada, more than three-quarters (77 per cent) of Canadians said money is a […]
More than half (58 per cent) of Canadian workers aged 40 to 60 say financial stress is their No. 1 worry, according to a new survey by the Healthcare of Ontario Pension Plan. The survey, which polled 2,800 full-time employees, found six in 10 (60 per cent) respondents said they thought about their current financial […]
An article on incoming changes to Alberta-based employers’ workplace violence and harassment policies 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. What Alberta-based employers need to know about incoming workplace violence, harassment policy changes 2. Gen Z, […]
A fifth (20 per cent) of individuals from generation Z and generation Alpha are open to receiving pension payouts in cryptocurrency, according to a new survey by cryptocurrency exchange Bitget. While it found three-quarters (78 per cent) expressed greater trust in alternative retirement savings options compared to traditional pension systems, a similar percentage (73 per […]
Nearly half (46 per cent) of Canadian employees say they prioritize spending on their current lifestyle in place of saving for retirement, mainly due to paying off debts (38 per cent) or preferring to enjoy their life now (18 per cent), according to a new survey by IG Wealth Management. The survey, which polled more […]
Verizon Communications Inc. is facing a lawsuit by retirees alleging the organization breached its fiduciary duties and engaged in prohibited transactions when it completed a US$5.9 billion pension risk transfer to Prudential Insurance Co. of America nearly a year ago, according to a report by Investment News. The proposed class action lawsuit, filed in December […]
While Prime Minister Justin Trudeau’s resignation is fuelling uncertainty among Canadians regarding the direction of the country, financial markets have been surprisingly resilient in reaction to the news, says Francis Gingras Roy, a senior financial advisor at Manulife Wealth Inc. He notes when Trudeau announced his resignation last Monday, the TSX ended the day pretty flat. […]
Eligible members of the Victoria University General Pension Plan, along with Trent University’s Contributory Pension Plan for Employees represented by OPSEU Local 365 and the Trent University Staff Plan are joining the University Pension Plan, effective this month. “We are thrilled to welcome eligible members of the Trent Staff and Victoria University plans as UPP’s […]
The mental health of Canadian workers has dropped below levels last seen at the start of the coronavirus pandemic, driven by a steep decline in financial wellness, according to Telus Health’s latest mental-health index. The survey, which polled more than 3,000 employees, found workers’ average mental-health score dropped from 64.4 in September to 61.3 in […]