Back

Season 1, Episode #4: The future of financial wellness in Canada – Lessons from the legal community

In this episode, Marnie and Russell sit down with Dawn Marchand, the President and CEO of not-for-profit organization Lawyers Financial and the Canadian Bar Insurance Association (CBIA) to explore the opportunities around financial wellness in the workplace and how planning around retirement can build a better future for Canadians workers – and employers.

Illustration of a wave form “I do think it's a responsibility of employers and I think that times are changing and that's really coming out now. Employers have a responsibility to try and contribute to their employees financial well-being. They do it by providing them with a salary, that's fair. But it goes beyond that.” - Dawn Marchand on ‘The future of financial wellness in Canada – Lessons from the legal community’


Research continues to overwhelmingly show that employees desire a secure retirement planning program in the workplace, particularly a lifetime retirement income benefit (defined benefit pension plan). But there are myths and misconceptions around the value of financial wellness in the workplace – though the business benefits prove to be very valuable.

In this episode, Marnie and Russell sit down with Dawn Marchand, President and CEO of the not-for-profit organization Lawyers Financial / Canadian Bar Insurance Association (CBIA). During their discussion, they explore the opportunities around financial wellness in the workplace and how planning around retirement can build a better future for Canadians. Dawn shares her perspective on why retirement planning and resources around financial wellness can be limited in Canada, and why many workplaces are unfamiliar with the process. She also discusses how she and her colleagues are combating misinformation and helping to educate Canadians on financial planning.

After this episode, you'll learn

  • Why COVID’s disruption is also an opportunity to improve workplace wellbeing (and employee productivity).
  • The shocking truth behind employer retirement contribution matching programs – and how a defined benefit plan can minimize future risk.
  • An emerging trend regarding employee choice.
  • Four things, beyond salary, that employees are looking for in the workplace (hint: some won’t cost employers a thing!).
  • How defined benefit pensions are helping workplaces, like the legal community, thrive.

Listen to Dawn's episode:

Spotify episode 4 link
Google Podcasts episode 4 link
apple podcasts episode 4 link

Listen on other streaming platforms, like Podcast Addict.

Biography


Dawn Marchand has over 25 years of experience focused on building and protecting wealth. She has worked in both Canada and Asia with some of Canada’s largest financial institutions including Manulife and Sun Life. She is currently President and CEO of CBIA/Lawyers Financial, a federally chartered organization with the sole mandate of serving the financial needs of Canada’s legal community.

Dawn has been a member of the Board for the Canadian Marketing Association and is a recognized speaker on topics including marketing, customer experience, brand and leadership. When not working, you will find Dawn on the golf course which she often refers to as a nice walk, ruined.

 

Subscribe to Contributors

Receive new episodes directly in your inbox and discover key lessons and insights from leaders across Canada.

Subscribe to contributors

New episodes and more