student debt – 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 How employers can support female employees’ financial, retirement wellness https://www.benefitscanada.com/archives_/benefits-canada-archive/how-employers-can-support-female-employees-financial-retirement-wellness/ Fri, 13 Sep 2024 12:57:35 +0000 https://www.benefitscanada.com/?p=159970 Brianne Collins, age 29, has worked as a senior copywriter at a large Toronto-based advertising agency for just over a year. Collins’ agency supports employee financial wellness in several ways, including a group registered retirement savings plan, financial advice and Financial Literacy Month webinars with sessions covering various financial topics. “In busy day-to-day work, it’s […]

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]]> Survey finds future U.S. employees value health benefits, work-life balance https://www.benefitscanada.com/news/bencan/future-u-s-employees-value-health-benefits-work-life-balance-survey/ Thu, 08 Aug 2024 19:00:54 +0000 https://www.benefitscanada.com/?p=158897 The next generation of U.S. workers say health benefits (72 per cent), paid time off (63 per cent) and flexible schedules (61 per cent) are the most valuable forms of compensation that an employer can offer, according to a new survey by the National Society of High School Scholars. The survey, which polled more than […]

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]]> 64% of Americans wish they’d started saving for retirement earlier: survey https://www.benefitscanada.com/news/bencan/64-of-americans-wish-theyd-started-saving-for-retirement-earlier-survey/ Mon, 29 Jul 2024 13:00:29 +0000 https://www.benefitscanada.com/?p=158448 Nearly two-thirds (64 per cent) of Americans say they wish they’d started saving for retirement when they were younger than age 25, according to a new survey by Voya Financial Inc. The survey, which polled more than 1,000 Americans adults, found more than half said they started saving for retirement when they were between ages 18 […]

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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-81/ Fri, 03 May 2024 13:00:52 +0000 https://www.benefitscanada.com/?p=155136 A story on how private payers are implementing preferred pharmacy networks to reduce benefits plan costs was the most-read story on BenefitsCanada.com this week. Here are the top five human resources, benefits, pension and investment stories of the past week: 1. More private payers seeking to reduce costs turning to preferred pharmacy networks: expert 2. Chipotle expanding […]

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]]> Survey finds U.S. employees increasingly interested in retirement, savings programs https://www.benefitscanada.com/benefits/health-wellness/survey-finds-u-s-employees-increasingly-interested-in-retirement-savings-programs/ Wed, 21 Feb 2024 20:00:56 +0000 https://www.benefitscanada.com/?p=152147 The vast majority (89 per cent) of U.S. employees say they’d be more likely to continue working for an employer that offered a retirement plan, according to a new survey by Vestwell Holdings Inc. The survey, which polled more than 1,200 workers, found a similar percentage (89 per cent) expressed some level of interest in […]

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]]> 2023 CAP Suppliers Report: How are CAPs evolving to meet the financial needs of different generations? https://www.benefitscanada.com/archives_/benefits-canada-archive/2023-cap-suppliers-report-how-are-caps-evolving-to-meet-the-financial-needs-of-different-generations/ Fri, 15 Dec 2023 13:57:38 +0000 https://www.benefitscanada.com/?p=148466 With more than 40,000 employees across the country, Amazon Canada is a microcosm of the wider national workforce. Comprising five generations, the online retailer’s workers represent a wide spectrum of savings goals and related challenges. And to support these goals, it has developed a diverse array of options to meet staff at every stage of […]

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]]> How employers can shift younger workers’ ‘soft saving’ mentality to focus on retirement planning https://www.benefitscanada.com/pensions/retirement/how-employers-can-shift-younger-workers-soft-saving-mentality-to-focus-on-retirement-planning/ Wed, 06 Dec 2023 14:00:12 +0000 https://www.benefitscanada.com/?p=148152 Discouraged with the state of the current economy, more and more younger workers are abandoning saving for retirement and focusing on ‘soft saving.’ Soft saving is when employees, many of whom started their careers later than previous generations, decide to take a more laid-back approach to saving for the future, rather than adopt the FIRE concept — […]

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]]> 43% of U.S. DC pension plan sponsors offering auto-escalation: survey https://www.benefitscanada.com/pensions/cap/43-of-u-s-dc-pension-plan-sponsors-offering-auto-escalation-survey/ Tue, 15 Aug 2023 19:00:01 +0000 https://www.benefitscanada.com/?p=142227 More than two-fifths (43 per cent) of U.S. defined contribution pension plan sponsors say their plan offers automatic escalation, up from 21 per cent in 2013, according to a new survey by J.P. Morgan Asset Management. The survey, which polled more than 700 employers, found nearly two-thirds (61 per cent) said they take a proactive […]

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]]> Majority of U.S. DC pension plan sponsors say data, privacy concerns impacting adoption of new tools: survey https://www.benefitscanada.com/pensions/cap/majority-of-u-s-dc-pension-plan-sponsors-say-data-privacy-concerns-impacting-adoption-of-new-tools-survey/ Thu, 11 May 2023 13:00:58 +0000 https://www.benefitscanada.com/?p=137710 A majority of U.S. defined contribution pension plan sponsors say they have some (70 per cent) or significant (10 per cent) concerns over data sharing and privacy that impact their adoption of new plan products and features, according to a new survey by the Defined Contribution Institutional Investment Association. However, the survey — which polled […]

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]]> Survey finds half of U.S. workers want an employer-sponsored retirement plan that offers emergency savings features https://www.benefitscanada.com/pensions/retirement/54-of-u-s-workers-want-an-employer-sponsored-retirement-plan-that-offers-emergency-savings-features-survey/ Mon, 24 Apr 2023 13:00:10 +0000 https://www.benefitscanada.com/?p=136873 More than half (54 per cent) of employees without a workplace retirement savings plan — including 77 per cent of millennials — say they’d participate in an employer-sponsored plan if it offered emergency savings features, according to a new survey by Natixis Investment Managers. The survey, which polled more than 700 U.S. employees, also found nearly three-quarters […]

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