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2021 CAP Member Survey: How are CAP members faring during coronavirus?
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With many employees struggling with finances since the coronavirus pandemic started last March, two experts weigh in on the viability of offering a workplace emergency savings benefit.
Elizabeth Mulholland, chief executive officer of Prosper Canada
Policy-makers should absolutely be considering ways to facilitate a wider range of affordable, quality workplace savings options and to more actively support employees to save for emergencies.
Even before the coronavirus pandemic, too many Canadians (43 per cent) were living paycheque to paycheque and not saving at all, according to a 2019 poll by BDO Canada Ltd. With the rise of non-standard work, fewer and fewer Canadians have access to quality workplace savings plans. And Canadians who save in retail registered retirement savings plan or tax-free savings account investment products, instead of through the workplace, typically pay higher fees that erode earnings and, for Canadians earning under $50,000, eat into their
The Globe and Mail Published December 21, 2020 Bookmark Please log in to listen to this story. Also available in French and Mandarin. Log In Create Free Account
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Although 2020 started off just like any other year, we entered uncharted waters in March as the COVID-19 pandemic took hold and wreaked havoc on lives and economies around the world.
To recognize the impact this black swan event had on financial advisors and the way they run their businesses and interact with clients, we looked through the approximately 250 in-depth articles published on Globe Advisor this past year. Throughout the holiday season, we will feature some of the best work we produced during the past year.
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