Retirement is a time in every employee’s life that evokes a number of emotions: anticipation, excitement, fear, stress, anxiety and relief, among others. The positive emotions are amplified when planning has taken place to remove the stress, fear and anxiety, so it’s important that people considering retirement aren’t leaving preparation to the last minute, especially not the month or […]
While educational content is a key component of financial wellness programs, they must also be measurable and embrace technology to help defined contribution plan members move easily from ambition to action, according a new report by the SPARK Institute and Cerulli Associates. The report, which combined feedback from 26 U.S. record keepers representing $5.9 trillion in […]
When it comes to retirement, it’s key to focus on the journey, not just getting there, said Jean-Pascal Plamondon, national director of client relationship and investment strategies at Desjardins Insurance. For defined contribution plan sponsors, this means understanding the traditional savings journey is no longer 100 per cent focused on retirement, it’s also focused on […]
Fidelity Investments has launched a charitable giving program, which aims to make it easier for employers to manage their philanthropic programs and for employees to donate to charities they care about. The program, which is integrated with an employer’s benefits plan platform, is an online portal with a list of possible charities. In cases where […]
Stress hurts, and it’s not just about mental and emotional health strain, it’s also about financial stress, according to a workforce well-being survey by Buck Consultants. Where physical well-being is concerned, “one of the headlines that screams at us is stress,” said Ruth Hunt, a principal in the engagement practice and global well-being survey lead at […]
From banks to insurers to the federal government, retirement calculators are a regular feature of the financial planning landscape. At their most basic, they use data, such as age, income and current assets, to provide recommendations for how an individual can aim to meet their retirement goals. But can these tools truly provide a reliable […]
Eckler Ltd. is acquiring independent financial wellness company Employee Financial Well-being. Since 2011, Employee Financial Well-Being has provided financial education and training to employees across Canada. In a press release, Eckler said there’s a need to increase unbiased education as Canadians are presented with benefits that require them to make decisions. “Eckler’s acquisition of EFW is another […]
The gig economy has changed many Canadians’ ability to manage their finances and plan for retirement, according to a new survey by TD Canada Trust. The survey found only 11 per cent of non-traditional employees feel secure about their retirement. One in five (20 per cent) survey respondents who describe themselves as gig workers, job jumpers or postponed […]
More than a third of Canadians aren’t confident they’ll reach their financial goal for retirement, according to a new survey by the Royal Bank of Canada. The bank, which surveyed 2,000 non-retired Canadians, found 16 per cent are very confident, 45 per cent felt somewhat confident and 39 per cent aren’t confident they’ll ever reach their retirement […]
Half of working-age Canadian women are worried they won’t have enough money to cover care and medical expenses once they retire, according to a new study by HSBC Bank Canada. Apart from medical needs, almost half (44 per cent) of this group said they’re afraid they’ll struggle to pay for basic necessities during retirement, compared with 37 […]