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Employee Financial Well-Being appoints new president

Benefits Canada Employee Financial Well-Being has appointed Christopher Cartwright as president, effective immediately. “We are excited to have Christopher Cartwright join our team as president to help lead the wave of change in employee wellness,” says Employee Financial Well-Being CEO Frank Wiginton. Cartwright has a wide-ranging experience in the group retirement industry and facilitation of […]

Pension column: Six tips for improving your pension communications

Benefits Canada Psst! Need to talk about pensions? Here’s how to get employees to listen. Companies try different mediums and methods to communicate pension information,  yet they often see meagre results. Here are six tips to make sure your communications hit the mark. 1) Put employees first – Stop talking about your concerns (pensions) and instead […]

Manage your finances like you’d eat an elephant

The Globe and Mail Certified financial planner Frank Wiginton is the first to tell you he no longer manages client money or sells financial products. Instead, as founder of Employee Financial Well-Being, a Toronto-based organization that promotes financial literacy education, he is persuading companies and organizations to step up and add financial literacy to their […]

Total Employee Wellness Includes Financial Wellness

Marketwired Traditional wellness programs are failing employees because they are not addressing a principle problem of personal finances. “61% of Canadian employees are financially stressed, yet most employee wellness programs don’t include financial wellness,” says Frank Wiginton, CEO of Employee Financial Well-Being. “Only 16% are considered obese, yet every wellness program focuses on diet and exercise. It’s […]

Breakdown: Hit the books

Benefits Canada With the growth of DC pension plans, Canada is moving toward a retirement system that requires people to have financial acumen. Employees need to understand the difference between capital accumulation plans (CAPs) and DB plans, as well as various investment concepts—yet for many Canadians, financial terminology is a foreign language. Simple math tasks […]

Three steps to providing employee financial education

Benefits Canada There’s no debating that employees are stressed when it comes to their personal finances. One-in-four are financially distressed and spend more than an hour every day at work dealing with their personal finances. A recent survey by the Employee Financial Education Division found that 45% of employees feel their level of financial stress […]

Employees Dissatisfied With Financial Situation

Pension and Benefit Monitor Magazine – More than 60 per cent of employees are dissatisfied with their personal financial situation, with one in four feeling financially distressed. And this, says the ‘Financial Education in the Workplace Survey’ from the Employee Financial Education Division(EFED), leads to reduced productivity as these employees are spending an hour each […]

Why personal finances are professional business

HRM Online – It’s a tough time financially for many businesses and individuals, with both trying to do more with less. But could helping one improve the other? Survey results from the Employee Financial Education Division (EFED) found that more than 60% of employees were dissatisfied with their personal financial situation. The Financial Education in […]

Employees want financial education

Benefits Canada – When employees undergo stress, it impacts how they perform in the workplace. A new survey from the Employee Financial Education Division (EFED)—a provider of flexible personal finance courses for employees—has found that 60% of employees experience stress about their current financial situation. “Employers need to be concerned with the financial wellness of […]

Employees stressed about finances

Small Business Advisor – When employees undergo stress, it impacts how they perform in the workplace. A new survey from the Employee Financial Education Division (EFED)—a provider of flexible personal finance courses for employees—has found that 60% of employees experience stress about their current financial situation. “Employers need to be concerned with the financial wellness […]