Latest news in Retirement

Arthritis Society focusing on responsive approach to financial education

Arthritis Society focusing on responsive approach to financial education

With the ongoing coronavirus pandemic raising economic concerns, the Arthritis Society is taking a responsive approach with its Financial Literacy Month initiatives during the month…

  • By: Blake Wolfe
  • November 16, 2020 November 16, 2020
  • 09:00
Coalition of experts creating roadmap for implementing VPLAs

Coalition of experts creating roadmap for implementing VPLAs

The Global Risk Institute is bringing together experts from various institutions to build a roadmap for implementing variable payment life annuities to achieve lifetime income…

  • By: Staff
  • November 5, 2020 January 19, 2021
  • 08:45
B.C.’s NDP developing benefits, pension supports for gig workers

B.C.’s NDP developing benefits, pension supports for gig workers

On the heels of winning re-election in British Columbia, the New Democratic Party’s work is just beginning, particularly in delivering on its promise to extend…

CPP maximum pensionable earnings to rise in 2021

CPP maximum pensionable earnings to rise in 2021

The maximum pensionable earnings under the Canada Pension Plan for 2021 are increasing to $61,600, from $58,700 in 2020. The new ceiling was calculated according to a CPP…

  • By: Staff
  • November 4, 2020 November 4, 2020
  • 08:45
CAP income replacement levels up from all-time lows in March: report

CAP income replacement levels up from all-time lows in March: report

The average gross income replacement ratio for a typical defined contribution plan member was up at the end of September, according to Eckler Ltd.’s latest…

  • By: Staff
  • November 2, 2020 January 19, 2021
  • 15:00
Canadians plan to work longer, fear finances won’t recover after pandemic, finds surveys

Canadians plan to work longer, fear finances won’t recover after pandemic, finds surveys

While working Canadians expect to retire, on average, at age 62, they’ll require $878,000 in retirement savings, more than twice the amount of current retirees,…

  • By: Staff
  • October 29, 2020 January 19, 2021
  • 15:00
Should Canadian employers consider offering emergency savings plans?

Should Canadian employers consider offering emergency savings plans?

With Canadian employees feeling the toll the coronavirus pandemic is taking on the economy, should policy-makers facilitate the use of workplace emergency savings plans? “We…

Canadians prioritizing financial wellness planning in pandemic economy: survey

Canadians prioritizing financial wellness planning in pandemic economy: survey

After nine months of uncertainty in the financial markets and with no end in sight to the coronavirus pandemic, more and more Canadian workers are…

  • By: Staff
  • October 27, 2020 October 27, 2020
  • 15:15
CLHIA’s Ontario budget submission highlights drug access, inflexible pension plans

CLHIA’s Ontario budget submission highlights drug access, inflexible pension plans

In its 2020 budget submission to the Ontario government, the Canadian Life and Health Insurance Association is highlighting a lack of access to affordable prescription drugs and…

  • By: Staff
  • October 26, 2020 October 26, 2020
  • 15:15
Onus increasingly on employees to plan for retirement but employers still play role

Onus increasingly on employees to plan for retirement but employers still play role

While pension plan sponsors and the government have roles to play when it comes to retirement, it’s increasingly up to individual employees to ensure they…

Coronavirus pandemic affecting retirement plans, savings: survey

Coronavirus pandemic affecting retirement plans, savings: survey

Many Canadians are seeing the impact of the ongoing coronavirus pandemic on their retirement plans and ability to save, according to a new survey by…

  • By: Staff
  • October 23, 2020 October 23, 2020
  • 15:15
Despite market uncertainty, Canada maintains No. 9 position in global retirement rankings

Despite market uncertainty, Canada maintains No. 9 position in global retirement rankings

Canada’s retirement income system scored ninth place for the second year in a row, securing a “B” rating in spite of uncertainty in the markets…

  • By: Staff
  • October 20, 2020 January 19, 2021
  • 15:00
Editorial: Does legislation favour DB pensions over DC plans?

Editorial: Does legislation favour DB pensions over DC plans?

Looking back at all of the pension legislation stories we’ve written up during the coronavirus pandemic, I’ve noticed federal and provincial governments definitely favoured defined…

Head to head: Would Alberta benefit from leaving the CPP?

Head to head: Would Alberta benefit from leaving the CPP?

Certain politicians have suggested Alberta withdraw from the Canada Pension Plan and go it alone. Would the province benefit from a solitary system or is…

2020 Top 50 DC Plans Report: Member behaviour under microscope amid pandemic

2020 Top 50 DC Plans Report: Member behaviour under microscope amid pandemic

Defined contribution pensions are taking a bumpy ride in the coronavirus pandemic, with plan sponsors and their members facing volatile stock markets, financial uncertainty and…

Chris Brown

Expecting the unexpected at Alberta’s Local Authorities Pension Plan

The Local Authorities Pension Plan is in an interesting situation. Historically, the president of the Alberta Treasury Board and the minister of finance was the…

What’s the latest on benefits, retirement advisor fee disclosure?

What’s the latest on benefits, retirement advisor fee disclosure?

When the Canadian Life and Health Insurance Association rolled out its proposed compensation disclosure guideline in January 2018, it quickly inflamed tensions with group benefits…

Q&A with Coughlan Home’s Andrea Laws

Q&A with Coughlan Home’s Andrea Laws

Coughlan Home’s manager of human resources talks employee assistance programs, ‘quiet rooms’ and showing appreciation. Q. What top challenges do you face in your role?…

Quebec tables bill allowing target-benefit pension plans

Quebec tables bill allowing target-benefit pension plans

Quebec is one step closer to allowing employers to introduce target-benefit pension plans.  On Wednesday, Eric Girard, Quebec’s minister of finance, tabled Bill 68, which was…

  • By: Staff
  • October 8, 2020 January 19, 2021
  • 08:46

Hub acquiring Edmonton-based retirement, benefits firm

Hub International Ltd. is acquiring Clearpoint Benefits Solutions, which includes Clearpoint Advisory Group Inc., Clearpoint Retirement Solutions Inc. and Canwest Group Benefits Inc. Clearpoint, which is…

  • By: Staff
  • October 6, 2020 November 16, 2020
  • 15:15

HR teams focusing on total rewards, not just salary, for 2021

Many human resources teams that are planning 2021 salary adjustments and possible changes to total rewards programs need to focus on immediate ways to keep employee morale…

Most Canadians would choose greater retirement security over more money now: survey

Three-quarters (74 per cent) of Canadians said they’d accept a slightly lower salary in exchange for a better — or any — pension plan, according…

  • By: Staff
  • September 29, 2020 November 30, 2020
  • 09:05
Coronavirus prompting CAP sponsors to review TDF suites

Coronavirus prompting CAP sponsors to review TDF suites

My last column, in April, talked about how Canadian target-date fund suites behaved differently during the first quarter of this year, where markets were reacting…

Four trends in group retirement, investment programs

Four trends in group retirement, investment programs

The coronavirus pandemic is highlighting many trends in group retirement and investment programs, pushing the industry to be flexible and quick with some of the newer offerings.…

  • September 22, 2020 November 26, 2020
  • 08:45

Canadian workers saving more during coronavirus but still suffering financial stress: survey

While 62 per cent of working Canadians said they’re able to save more than five per cent of their paycheque in 2020, compared to 59…

  • By: Staff
  • September 21, 2020 November 17, 2020
  • 09:15