Up for debate: Saving for retirement
There’s nothing like a good debate—especially when it concerns saving money.
- By: Brooke Smith
- May 31, 2012 September 13, 2019
- 11:57
There’s nothing like a good debate—especially when it concerns saving money.
The Canadian Federation of Independent Business (CFIB) is once again squaring off against public sector pensions. The CFIB—which is no stranger to the debate of…
Ontario residents are worried that there’s a retirement income crisis on the horizon in Canada, according to a recent survey by the Healthcare of Ontario…
It’s an age-old problem…how do you get capital accumulation plan (CAP) members engaged in retirement planning and encourage them to take responsibility for their own…
From social media to mobile apps, there are many emerging communication channels for CAP sponsors. But if you build it, will your plan members come?
The good news is that CAP members generally appreciate the role they play in attaining adequate retirement income. The bad news? Most just aren’t there…
Many CAP members aren’t confident that they understand their retirement plans and basic investment concepts. What role can targeted communications strategies play in improving their…
Getting employees into the plan and saving early is an ongoing challenge for CAP sponsors. What are the barriers, and how can employers overcome them?
CARP appears to be getting little industry support in its resistance to the federal government’s raising OAS eligibility from age 65 to age 67.
Plan members are busy people. In our hyper-connected world, many employees struggle with information overload. With that in mind, it's a good idea to ask…
Here’s a new use for your smartphone, even if it is a tad uncomfortable to think about. Towers Watson’s U.K. office has released a new…
One of the more significant changes contained in the reform of Ontario’s pension system is the elimination, effective July 1, 2012, of partial windups. This…
The pooled registered pension plan (PRPP) announced by the federal government last year is the first step in the reforms needed to extend pension coverage…
Canadian plan members reported a significant drop in the amount they believe they need to retire — from roughly $1.4 million in 2023, 2024 and…
While the percentage of plan members who describe their personal financial situation as significantly or somewhat better than last year decreased from 42 per cent…
Methodology improvements are pushing the life expectancy of Canadian retirees and surviving spouses by roughly one year to age 65 as of Jan. 1, 2024,…
In its 2026 budget on Thursday, the Ontario government proposed doubling the pension benefits guarantee fund’s monthly guarantee limit from $1,500 to $3,000 for all…
The bankruptcy of the Hudson Bay Co. and subsequent loss of promised supplemental employee/executive retirement plan benefits to executives has caused many to rethink the…
Derek Dobson, chief executive officer and plan manager at the Colleges of Applied Arts and Technology’s pension plan, is departing the organization following a formal…
Bell Canada’s defined benefit and defined contribution pension plans are both overseen by the same pension committee. The meeting cadences differ, but the committee leans…
Employers can reinforce the value of their workplace retirement plans by communicating to plan members about the importance of having money later versus money now,…
The Financial Services Regulatory Authority of Ontario is marking its fourth annual Pension Awareness Day today by encouraging employees to understand their employer-sponsored retirement plan…
Amazon Canada’s commitment to unique financial wellness offerings led to a win at Benefits Canada‘s 2024 Workplace Benefits Awards on Oct. 18. The technology company was…
Admiral Insurance’s award-winning benefits program is demonstrating how employers can use versatility to strike a fine balance between finding innovative solutions and maintaining plan sustainability. The…
As Ontario prepares to introduce pay transparency legislation, it’s important for employers to consider how much information they want to share in job postings, says…