Manulife Bank of Canada

Manulife Bank's Financial Health Survey Finds Economic Volatility Taking a Toll on Canadians

Retrieved on: 
Wednesday, November 22, 2023
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"We've been in a period of economic volatility for a number of months and that it is not likely to change any time soon," says Alex Lucas, President, Manulife Bank.

Key Points: 
  • "We've been in a period of economic volatility for a number of months and that it is not likely to change any time soon," says Alex Lucas, President, Manulife Bank.
  • He recommends starting with the following:
    Plan: The survey found that 71 per cent of Canadians don't have a financial plan.
  • Consolidate Debt: Many Canadians were caught off-guard with the rapid increase in interest rates and how that impacts debt repayment.
  • Manulife Bank is committed to improving Canadians' financial health with solutions that provide access to better financial outcomes and improved financial health.

Having a Plan Pays off: Many Canadians Responding to Volatile Economy by Engaging in Good Financial Behaviours and Planning

Retrieved on: 
Tuesday, June 13, 2023
Gen, Baby boomers, Face, Manulife Bank of Canada, Millennials, Generation Z, Pulse, Retirement, Generation X, Mental health, Financial adviser

Of those who have an advisor, Boomers are most likely to feel as though they are receiving good financial advice.

Key Points: 
  • Of those who have an advisor, Boomers are most likely to feel as though they are receiving good financial advice.
  • Gen Z is most likely to think their financial advisor turns financial negatives into financial positives.
  • We want to expand access to detailed planning, professional support, and financial tools to help people meet their savings and investment goals," added Ms. Fitzgerald.
  • For more information about financial planning: Find an advisor

Canadians Forecast a Long, Rocky Economic Road Ahead, according to Manulife Bank's Debt survey

Retrieved on: 
Wednesday, November 23, 2022
Manulife Bank of Canada, Manulife, Insurance, Environment, MFC, Ipsos, PSE, Philippines, Weather, Education, Bank, Financial services

In October 2022, Manulife Bank took the pulse of Canadians, as part of its bi-annual Debt Survey to find out how they are feeling about the state of the economy and if they are preparing to weather the storm.

Key Points: 
  • In October 2022, Manulife Bank took the pulse of Canadians, as part of its bi-annual Debt Survey to find out how they are feeling about the state of the economy and if they are preparing to weather the storm.
  • "As the economic landscape is looking rocky, a large majority of Canadians are getting worried and that's particularly telling when reviewing this season's Manulife Bank's Debt Survey results," said Lysa Fitzgerald, Vice President of Sales, Manulife Bank.
  • According to Ms. Fitzgerald there are options that Canadians can take to help lessen their debt load.
  • Manulife One is an all-in-one mortgage, line of credit and bank account that helps you take control of your debt.

 LinkLive and Kasisto Partner to Deliver Market Defining AI-Assisted Customer Experiences for Financial Institutions

Retrieved on: 
Tuesday, November 1, 2022
Technology, Finance, Security, Fintech, Banking, Telecommunications, Professional Services, Software, VoIP, Artificial Intelligence, Entrepreneurship, CEO, HIPAA, FedRAMP, Trust, Partnership, Conference, SEC, TD, Time, Industry, HITRUST, J. P. Morgan, Silicon, Certification, KAI, FIS, AI, Privacy, Q2, Manulife Bank of Canada, Human, McKinsey & Company, NLU, Compliance, GLBA, Excite, CEP, Artificial intelligence, Sarbanes–Oxley Act, Standard Chartered, NCR, CX, Fairwinds Credit Union, Bank, Medical device, Customer service, Online shopping, Westpac

By partnering with KAI's industry-leading conversational AI and branded digital bankers, LinkLive offers innovation to modern financial institutions to create memorable customer experiences that engage financial customers and deliver a differentiated digital banking experience.

Key Points: 
  • By partnering with KAI's industry-leading conversational AI and branded digital bankers, LinkLive offers innovation to modern financial institutions to create memorable customer experiences that engage financial customers and deliver a differentiated digital banking experience.
  • In addition to top line growth, financial institutions are expected to drive significant savings to the bottom line using AI.
  • Were excited to partner with LinkLive to inspire real customer engagement and set a new bar for AI-assisted human experience and customer care.
  • These financial institutions chose KAI for its proven track record in driving business growth and improving customer experiences.

Novacap completes investment in Canada's largest online marketplace for financial services Ratehub.ca

Retrieved on: 
Thursday, July 14, 2022
Knowledge, LLP, Acquisition, Bank, Hoskin, Partnership, AUM, Manulife Bank of Canada, Insurance, GIC, Growth, Industry, Financial services, Management, TMT

This transaction marks the fifth platform acquisition of Novacap's first financial services fund.

Key Points: 
  • This transaction marks the fifth platform acquisition of Novacap's first financial services fund.
  • NOVACAP announces a major investment in Canada's largest online financial marketplace, Ratehub.ca.
  • Founded in 2010 by Alyssa Furtado and James Laird, Ratehub.ca is Canada's leading platform for consumer education, financial transparency and online shopping for financial products.
  • Evercore acted as financial advisor, and Osler, Hoskin & Harcourt LLP acted as legal advisor to Ratehub.ca
    McCarthy Ttrault LLP acted as legal counsel to Novacap.

Moxo and Kasisto Partner To Strengthen Client Interactions In Financial Services

Retrieved on: 
Monday, July 11, 2022
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CUPERTINO, Calif., July 11, 2022 /PRNewswire/ -- Moxo, the industry's leading client interaction workflow solution, today announced a partnership with Kasisto, creators of KAI, the leading financial services digital experience platform, to offer digital assistant capabilities within Moxo's OneStop Client Interaction Hub.

Key Points: 
  • The integration will allow financial institutions to streamline client interactions across various client segments and use cases.
  • "Together, Moxo and Kasisto will provide our joint clients with a competitive advantage within the financial services industry by ensuring personalized and engaging experiences across client segments."
  • Jointly, Moxo and Kasisto will further enhance modern client interaction capabilities to help financial institutions deliver industry-leading client interactions and deepen their client relationships.
  • Moxo powers client interaction workflows across a diverse set of industries including financial services, consulting, legal, accounting, healthcare, and more.

Buyer's remorse? Manulife Bank's Debt survey reveals close to 1 in 4 homeowners say if interest rates were to increase further, they would be forced to sell their home

Retrieved on: 
Monday, June 13, 2022
Time, Insurance, Manulife, Mental health, Ownership, Income, Manulife Bank of Canada, Philippines, MFC, Ipsos, 945, CAD, Education, Housing, Credit, Bank, Online gambling

Nearly half of Canadians said they would struggle to handle unexpected expenses or are reconsidering summer vacation plans due to affordability concerns.

Key Points: 
  • Nearly half of Canadians said they would struggle to handle unexpected expenses or are reconsidering summer vacation plans due to affordability concerns.
  • TORONTO, June 13, 2022 /CNW/ -Home ownership has been viewed as out of reach for many Canadians, for quite some time.
  • In June 2022, the bi-annual Debt Survey reveals with interest rates, inflation and housing prices increasing, many who are already homeowners say if interest rates were to increase further, they would be forced to sell their home.
  • Around one in five of those who are in debt expect rising interest rates to have a significant impact on their debt situation.

Manulife Releases 2021 Environmental, Social and Governance Report and Public Accountability Statement

Retrieved on: 
Wednesday, May 11, 2022
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TORONTO, May 11, 2022 /CNW/ - Manulife has released its 2021 Environmental, Social and Governance (ESG) Report, and along with Manulife Bank, its 2021 Public Accountability Statement.

Key Points: 
  • TORONTO, May 11, 2022 /CNW/ - Manulife has released its 2021 Environmental, Social and Governance (ESG) Report, and along with Manulife Bank, its 2021 Public Accountability Statement.
  • Together, the reports highlight Manulife's environmental, social and governance (ESG) performance in 2021.
  • We will continue to take meaningful and concrete steps to help build a healthier, more equitable future," said Roy Gori, President & Chief Executive Officer, Manulife.
  • Manulife Financial Corporation is a leading international financial services provider that helps people make their decisions easier and lives better.

Hardbacon: Over 70% of Canadians Believe the Tax-Free First Home Savings Account Will Have Little to No Positive Impact on Their Ability to Buy a First Home

Retrieved on: 
Wednesday, April 27, 2022
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According to the survey, of the people who do not own property yet, 88.6% say they want to step on the property ladder.

Key Points: 
  • According to the survey, of the people who do not own property yet, 88.6% say they want to step on the property ladder.
  • Among the 30% who do not plan to use the tax free savings tool, the reason is surprising: 54% do not understand the advantages of the FHSA.
  • They dont believe they will have sufficient funds to save to contribute.
  • Consequently, 72.07% of Canadians who do not yet own a home, but want to eventually own a first property think that the FHSA will have little to no positive impact on their ability to buy a first home.

'Tis The Season to Be… Thrifty? Manulife Bank's Debt Survey Reveals Fewer Canadians Willing to Buy Gifts or Go into Debt for Them, Compared to Pre-Pandemic Times

Retrieved on: 
Thursday, December 16, 2021
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Many plan to be more cautious with their spending following the financial turbulence of the pandemic, according to Manulife Bank's latest Debt Survey.

Key Points: 
  • Many plan to be more cautious with their spending following the financial turbulence of the pandemic, according to Manulife Bank's latest Debt Survey.
  • In addition, only 53 per cent indicated they are willing to go into debt to buy presents, compared with 61 per cent three years ago.
  • "Continuing to exercise some restraint at this point in time could certainly help them achieve their financial goals in the long run."
  • Indeed, the past 20 months have seemingly had a net positive effect on the debt load of Canadians.