Retirement – Benefits Canada.com https://www.benefitscanada.com Canada's most influential pension and benefits publication for decision-makers Fri, 26 Apr 2024 20:02:31 +0000 en-US hourly 1 https://wordpress.org/?v=4.9.8 Top 5 HR, benefits, pensions and investment stories of the week https://www.benefitscanada.com/news/bencan/top-5-hr-benefits-pensions-and-investment-stories-of-the-week-2/ Fri, 26 Apr 2024 13:00:15 +0000 https://www.benefitscanada.com/?p=154748 An article on how employers are enhancing their benefits packages to boost talent attraction and retention was the most-read story on BenefitsCanada.com this past week. Here are the top five human resources, benefits, pension and investment stories of the last week: 1. 70% of employers say it’s impossible to offer all benefits demanded by employees: survey […]

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]]> Just a third of U.K pension plan members feel they’ve saved enough to retire: survey https://www.benefitscanada.com/pensions/retirement/just-a-third-of-u-k-pension-plan-members-feel-theyve-saved-enough-to-retire-survey/ Fri, 26 Apr 2024 13:00:11 +0000 https://www.benefitscanada.com/?p=154722 Only a third (31 per cent) of U.K. pension plan members say they have sufficient retirement savings, down slightly from 32 per cent in 2022, according to a survey by Trafalgar House. The survey, which polled 2,000 adults, found 48 per cent believe they’ve saved much less than they need, up from 45 per cent. […]

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]]> Top 5 HR, benefits, pension and investment stories of the week https://www.benefitscanada.com/news/bencan/top-5-hr-benefits-pension-and-investment-stories-of-the-week-80/ Fri, 19 Apr 2024 13:00:14 +0000 https://www.benefitscanada.com/?p=154428 A story on how Organon Canada is supporting women employees at every stage of their career was the most-read story on BenefitsCanada.com. Here are the top five human resources, benefits, pension and investment stories of the past week: 1. Organon launching initiative to support women’s career, health journey in the workplace 2. Survey finds 38% of Canadian employees […]

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]]> 70% of employers say it’s impossible to offer all benefits demanded by employees: survey https://www.benefitscanada.com/benefits/health-benefits/70-of-employers-say-its-impossible-to-offer-all-benefits-demanded-by-employees-survey/ Fri, 19 Apr 2024 13:00:13 +0000 https://www.benefitscanada.com/?p=154414 While employers recognize employee benefits are an important part of attracting and retaining talent, seven in 10 (70 per cent) say it’s impossible to offer all of the benefits that employees are currently demanding, according to a new survey by the Harris Poll on behalf of Express Services Inc. The survey, which polled more than […]

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]]> Survey finds 74% of Canadians aged 24 to 44 view conventional retirement approach as outdated https://www.benefitscanada.com/pensions/retirement/survey-finds-74-of-canadians-aged-24-to-44-view-conventional-retirement-approach-as-outdated/ Thu, 18 Apr 2024 19:00:12 +0000 https://www.benefitscanada.com/?p=154416 Three-quarters (74 per cent) of Canadians aged 24 to 44 say the conventional approach to retirement — halting work at age 65 to enjoy a life of leisure — is an outdated concept, according to a new survey by Leger on behalf of Wealthsimple. The survey, which polled more than 1,500 Canadians, found roughly 60 […]

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]]> Back to basics on investment glide paths https://www.benefitscanada.com/archives_/benefits-canada-archive/back-to-basics-on-investment-glide-paths/ Fri, 12 Apr 2024 12:53:46 +0000 https://www.benefitscanada.com/?p=154085 Simply put, a glide path is a calculation designed to support an employee’s desired retirement timeline through investments in a target-date fund. When an employee first joins a defined contribution pension plan with a target-date fund, they’re exposed to capital appreciation assets that offer the most attractive risk-adjusted returns in the wealth accumulation phase, typically […]

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]]> Employer matching key to supporting young workers’ retirement readiness: report https://www.benefitscanada.com/pensions/retirement/employer-matching-key-to-supporting-young-workers-retirement-readiness-report/ Thu, 11 Apr 2024 13:00:24 +0000 https://www.benefitscanada.com/?p=154158 Employer-sponsored retirement plans that offer matching contributions can help younger workers retire earlier and with more money, according to a new report by Mercer Canada. The report based its findings on a sample worker aged 30 earning $70,000 and with $30,000 of personal debt, using five per cent of their income to either pay down […]

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]]> 47% of U.S. millennials are moderately confident they’ll save enough for retirement: survey https://www.benefitscanada.com/pensions/retirement/47-of-u-s-millennials-are-moderately-confident-theyll-save-enough-for-retirement-survey/ Tue, 09 Apr 2024 13:00:14 +0000 https://www.benefitscanada.com/?p=153983 Nearly half (47 per cent) of U.S. millennials are moderately confident in their ability to accumulate enough retirement savings, according to a new survey by software company Iralogix Inc. The survey, which polled more than 500 workers between the ages of 28 and 43, found 29 per cent said they have no confidence in their […]

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]]> More than £50 billion in U.K. pension benefits at risk of being lost, misplaced: study https://www.benefitscanada.com/pensions/retirement/more-than-50-billion-in-u-k-pension-benefits-at-risk-of-being-lost-misplaced-study/ Mon, 25 Mar 2024 19:00:11 +0000 https://www.benefitscanada.com/?p=153577 More than £50 billion in U.K. pension benefits were at risk of being misplaced in abandoned accounts or scattered across multiple lost pots in 2023, according to a study by the Centre for Economics and Business Research on behalf of PensionBee Ltd. It noted at least 4.8 million U.K. pension pots were considered lost in 2023, […]

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]]> CPPLC appointing Cheldon Angus as co-chair https://www.benefitscanada.com/notice/appointment-notice/cpplc-appointing-cheldon-angus-as-co-chair/ Mon, 18 Mar 2024 19:00:34 +0000 https://www.benefitscanada.com/?p=153225 The Canadian Public Pension Leadership Council is appointing Cheldon Angus, chief people and technology officer at the Saskatchewan Healthcare Employees’ Pension Plan (SHEPP), as council co-chair. He assumes the co-chair position alongside Karen McKeown, director of board operations at the BC Pension Corp. Alison McKay, chief executive officer at the SHEPP, will step down as […]

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