A secure retirement tops all other worker concerns; Link’s solutions can help your employees retire comfortably

Build back better.

Following the ravages of COVID-19, this is U.S. President Joe Biden’s economic stimulus refrain.

And here in Canada, it’s an opportunity for employers—whose workforces are fretting about finances—to create a more stable long-term economic future in the workplace.

Recent survey results from Abacus Data indicate that 70% of Canadians are willing to bring home a smaller paycheque if it means they’re offered a workplace pension plan.

The same survey, taken in April, found that the coronavirus pandemic has caused financial harm to 52% of Canadians polled—and that a secure retirement (48%) tops all other concerns for those workers, including health, personal debt load and job security.

“Coming out of COVID, uncertainty is still hanging in the air, and the data tells us that the majority of Canadians haven’t saved any money for retirement in the past year,” notes Brian McClennon, President and CEO of Link Investment Management.

“After more than a year of this pandemic, one thing is abundantly clear—financial security in retirement has become a pressing priority for Canadians of all ages,” he adds. “And access to a good workplace retirement plan is what many working Canadians crave.”

Link Investment Management is an innovative disruptor in the world of workplace financial wellness solutions.

And whether it’s our defined contribution (DC)Multi-Employer Pension Plan or other savings vehicles like Group Tax Free Savings Accounts (TFSAs) or Group Registered Retirement Savings Plans (RRSPs), Link’s financial wellness solutions provide long-lasting—and personalized—benefits for employees of small to midsize businesses.

They include:

  • Individualized portfolios, matched to personal risk profiles and investment objectives (suitability)
  • A passive investment model, the use of Exchange Traded Funds (ETFs) and Link’s own proprietary robo-advisor algorithm, which offer more flexibility and lower fees
  • A fully digital platform, with simple, straightforward and fast online enrolment
  • Plan monitoring and rebalancing by Link’s team of experienced portfolio managers
  • Full transparency with respect to fee disclosure

Link’s savings plans also offer considerable tax benefits for employers, as well as reducing the administrative, compliance and recordkeeping burden and fiduciary liability.

“Saving for retirement shouldn’t be prohibitively expensive. It shouldn’t entail short-term economic hardship,” says Mr. McClennon. “A Link solution allows you to save more, spend less and retire comfortably.”