While news of COVID-19 vaccines has revived optimism in some people, many are still wary of what the future holds. This is particularly true when it comes to making investments and planning for retirement.
According to a new survey by Scotiabank, 70% of Canadians are unsure about what to do with their investments in this current environment. The survey also found that many Canadians are starting to rethink their retirement plans altogether.
In fact, 72% of respondents feel that they are not saving enough right now for their retirement and 32% believe they won’t be able to retire when they had planned because of setbacks attributed to this pandemic. Another 28% of respondents say they won’t be able to eliminate their debts before retirement.
So what does this mean for forward-thinking employers? RRSP contributions can be a welcomed perk for existing employees and a key differentiator in your benefits offering to boost your current recruitment efforts.
7 reasons employees appreciate Group RRSP plans
With so many worrying about their financial future, topping up your employee benefits plan with Group RRSPs can also be hugely beneficial. Here are a few other reasons why your current and prospective talent will love a Group RRSP offering:
Boosting financial security through Group RRSPs
There is still a lot of uncertainty looming at this point in the pandemic. One way to ease your employee’s concerns is to help them stay on track with their financial and retirement goals. If you’re interested in setting up a group retirement savings plan or want to explore other perks that can enhance your team’s sense of financial security, our BenefitDeck team is available to help. Feel free to send us an email at firstname.lastname@example.org so we can arrange a time to chat.
Whether you are with a business, association, or owner operator, we have the solution for your needs.