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Majority of Canadian workers willing to take less pay for a workplace pension plan: survey

A majority (70 per cent) of Canadians say they’re willing to forgo a higher salary in exchange for a workplace pension plan, according to a…

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Pride Month: CN Rail dispute ‘catalyst’ for same-sex pension plan policy reviews

While a recent dispute between the Canadian National Railway Co. and the surviving same-sex partner of a deceased plan member will likely inspire other plan…

Americans still saving via DC plans despite pandemic-fuelled uncertainty: report

Despite the uncertainty wrought by the coronavirus pandemic, Americans are continuing to save for retirement through defined contribution pension plans, according to new data from…

  • By: Staff
  • June 16, 2021 June 16, 2021
  • 15:00
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Indigenous, racialized seniors have less retirement security: report

Indigenous and racialized seniors have less retirement security and higher poverty rates than white seniors in Canada, according to a new report by the Canadian…

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Nova Scotia providing residents with early access to retirement savings

Nova Scotia is allowing residents to apply directly to their financial institution to access their retirement savings when facing financial challenges. Under amendments to provincial…

  • By: Staff
  • June 15, 2021 June 16, 2021
  • 09:00
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New longevity pension fund offers decumulation option for plan sponsors

Purpose Investments Inc. is introducing a new longevity pension fund, which invests 50 per cent in equities and 50 per cent in fixed income. It…

Using technology to connect health benefits, savings plans

Plan member challenges — from uncertainty about what their benefits plan covers to mundane issues such as struggling with passwords and difficulty accessing their benefits…

Canadians becoming more optimistic about finances, retirement savings: survey

Canadians are becoming more confident about their financial situations and are setting more personal financial goals, according to a new survey by BMO Financial Group.…

  • By: Staff
  • May 19, 2021 May 19, 2021
  • 15:00
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Canadians not saving enough for long-term care in retirement: survey

Canadians’ current retirement savings aren’t likely to withstand the costs of long-term health care later in life, according to a new survey by Edward D.…

  • By: Staff
  • May 17, 2021 May 18, 2021
  • 09:00
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Language, communication shaping DC plan members’ retirement decisions: survey

Language and communication can impact the retirement decisions of defined contribution plan members, according to a new survey by Invesco Ltd. The survey found 60…

  • By: Staff
  • May 14, 2021 May 14, 2021
  • 09:10
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CN Rail amending pension policy for same-sex couples

The Canadian National Railway Co. is amending its pension policy after awarding benefits to a widower who was initially denied because of an outdated rule…

  • By: Staff
  • May 7, 2021 May 6, 2021
  • 09:00

Head to head: Should Canadian policy-makers facilitate a workplace emergency savings benefit?

With many employees struggling with finances since the coronavirus pandemic started last March, two experts weigh in on the viability of offering a workplace emergency…

The pros and cons of opting for a 60/40 balanced portfolio strategy

While the typical balanced fund is becoming a rarity among pension plans, a segment of plan sponsors continue to utilize these funds — albeit with…

Canadians worrying about financial stress, job loss and retirement amid pandemic: survey

As the world and Canada enters year two of the coronavirus pandemic, it’s continuing to have an uneven impact on Canadians’ finances, according to a…

  • By: Staff
  • March 30, 2021 March 30, 2021
  • 09:00
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Gender gap persists in equity compensation plan participation: report

Men and women are unevenly participating in equity compensation plans among private employers, according to new research conducted in the U.S. by Morgan Stanley. The…

  • By: Staff
  • March 25, 2021 March 25, 2021
  • 15:00

Editorial: Helping turn retirement dreams into reality pays off

Remember those Freedom 55 ads that always seemed to be on TV in the ‘80s and ‘90s? I recently went down a YouTube rabbit hole…

How the TTC Pension Fund Society is staying on track during the coronavirus crisis

Since last March, the coronavirus pandemic has derailed the best-laid plans of many organizations, including the Toronto Transit Commission. With so many white-collar employees working…

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The Royal Mail Group’s road to offering U.K. employees a collective DC plan

The Royal Mail Group Ltd. will soon make history in the United Kingdom by becoming the first employer to sponsor an entirely new type of…

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Stock options driving loyalty, hard work among employees: study

Employees that include company stock in their overall financial planning are more loyal and have a higher output level, according to new research conducted in…

  • By: Staff
  • March 17, 2021 March 17, 2021
  • 09:00

Are target-benefit pension plans the answer to a secure, sustainable retirement?

More Canadian employers should consider target-benefit pension plans for their employees these days. The model is gaining steam. In mid-December, 2020, the Quebec legislator signed into…

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Young Canadians focusing on retirement, financial security amid coronavirus crisis: survey

Young Canadians are increasingly planning their financial futures as the world faces down the second the year of the coronavirus pandemic, according to a new…

  • By: Staff
  • March 16, 2021 March 15, 2021
  • 09:00

Women retiring two years later, with 30% less wealth, than men: report

Although women must work two years longer than men to be retirement ready, they still retire with 30 per cent less wealth than their male…

  • By: Staff
  • March 10, 2021 April 25, 2021
  • 17:37
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Newfoundland and Labrador residents can now unlock pension benefits

Newfoundland and Labrador residents can now unlock benefits held in locked-in retirement savings arrangements for reasons of financial hardship or non-residency in Canada. The changes…

  • By: Staff
  • March 3, 2021 March 3, 2021
  • 09:00