Latest news in Retirement

Survey finds SMEs using benefits to attract, retain employees

More than two-thirds (71 per cent) of small- and mid-sized U.S. employers said offering more employee benefits helps improve retention, while 70 per cent said…

  • By: Staff
  • March 31, 2022 March 30, 2022
  • 09:00
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Ontario Liberals promising portable drug, dental and mental-health services

Ahead of the upcoming provincial election, Ontario Liberal Leader Steven Del Duca is promising several benefits for employees and employers in his economic platform. The platform,…

  • By: Staff
  • March 29, 2022 March 28, 2022
  • 09:00

Financial wellness programs should have measurable, tangible impact: study

While many employees say they’re open to using employer-provided financial wellness assistance, some are hesitant, citing lack of trust and a need for employers to…

  • By: Staff
  • March 28, 2022 March 28, 2022
  • 15:00

Top 5 HR, pension and benefits stories of the week

A story on a pilot benefits plan program that provides plan members with access to traditional Indigenous medicines and services was the most read article…

  • By: Staff
  • March 25, 2022 March 25, 2022
  • 09:00

Survey finds U.S. employees confident about retirement, but inflation, pandemic concerns linger

While the majority (79 per cent) of U.S. employees remain confident they’ll be able to retire when and how they want, a quarter are less…

  • By: Staff
  • March 23, 2022 March 22, 2022
  • 09:00

Just 52% of Canadians confident they’re saving enough for retirement: survey

While a majority (75 per cent) of Canadians are making their financial wellness a priority in 2022, only 52 per cent expressed confidence about the retirement…

  • By: Staff
  • March 18, 2022 March 18, 2022
  • 15:00

Top 5 HR, pension and benefits stories of the week

The announcement of a new multi-employer pension plan for Canadian physicians was the most read story over the past week on BenefitsCanada.com. Here are the five…

  • By: Staff
  • March 18, 2022 March 17, 2022
  • 09:01
Editorial

Editorial: Benefits, pension plans continue to feel the impact of the pandemic

This month marks the two-year anniversary of the World Health Organization declaring the coronavirus a global pandemic. In some ways, we’ve come a long way…

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73% of U.S. employees seeking additional financial wellness resources: survey

Three-quarters (73 per cent) of U.S. employees said their employer needs to offer more resources to help them manage their personal finances, according to a…

  • By: Staff
  • March 17, 2022 March 16, 2022
  • 09:00
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New multi-employer pension plan coming for incorporated physicians

A new multi-employer pension plan is being created for Canadian incorporated physicians. The Medicus Pension Plan, developed by MD Financial Management Inc. and Scotiabank, will…

  • By: Staff
  • March 14, 2022 March 14, 2022
  • 15:00

Canadians need $1.4M to retire comfortably at 65: report

The average 45-year-old Canadian employee earning $60,000 per year will need to accumulate $1.4 million in retirement savings by age 65 if they want to…

Top 5 HR, pension and benefits stories of the week

An article on British Columbia’s paramedics and their need for enhanced mental-health benefits was the most read story over the past week on BenefitsCanada.com. Here…

  • By: Staff
  • March 4, 2022 March 4, 2022
  • 09:00

Majority of U.S. retirees depleting retirement payouts from DC pensions: survey

A third (34 per cent) of U.S. retirees who took a lump sum from their defined contribution pension plan in retirement depleted that sum within…

  • By: Staff
  • March 3, 2022 February 28, 2022
  • 09:00
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Canadian pension plans overcoming legislation, governance challenges: webinar

Representatives from a few of Canada’s most progressive pension plans weighed in on topics ranging from plan design to the various challenges posed by legislation…

  • By: Blake Wolfe
  • February 28, 2022 February 28, 2022
  • 09:00

Survey finds RRSP knowledge on decline over past five years

While Canadians continue to use registered retirement savings plans for retirement planning, knowledge about RRSPs has declined over the past five years, according to a…

  • By: Staff
  • February 28, 2022 February 25, 2022
  • 09:00

How are investment fees impacting retirement readiness?

Higher investment fees in capital accumulation plans can potentially set an individual’s retirement date back by four years, according to Mercer’s latest retirement readiness barometer.…

  • By: Staff
  • February 25, 2022 February 24, 2022
  • 09:00

Retirement community operator supporting employee financial wellness

A retirement community operator is allowing employees to access their pay at any time as part of a wider financial wellness strategy. In May, Seasons…

  • By: Blake Wolfe
  • February 25, 2022 April 19, 2022
  • 09:00

38% of U.S. employees increased 401(k) contributions in 2021: survey

More than a third (38 per cent) of U.S. employees increased their 401(k) contributions by an average of three per cent in 2021, according to…

  • By: Staff
  • February 22, 2022 February 22, 2022
  • 15:00

39% of Canadians are confident in their retirement plan: survey

Almost two in five (39 per cent) Canadians are confident in their retirement plan, according to a survey conducted by Pollara Strategic Insights for the…

  • By: Staff
  • February 17, 2022 February 16, 2022
  • 09:00

Employers building relevant financial wellness programs for both DB, DC pension members

Canadian Forest Products Ltd.’s new financial wellness program may have originated as the brainchild of its defined contribution pension plan committee, but it’s just as…

Saskatchewan Pension Plan increasing 2022 contribution limit to $7K

The Saskatchewan Pension Plan is increasing its 2022 contribution limit to $7,000. Plan members can now qualify to save the tax on up to $7,000…

  • By: Staff
  • February 10, 2022 February 10, 2022
  • 09:00

Anglican Church’s pension members joining multi-employer plan

A thousand members of the Anglican Church of Canada’s defined contribution pension plan are joining the General Synod pension plan, effective Jan. 1, 2022. The…

  • By: Staff
  • February 10, 2022 February 9, 2022
  • 09:00
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OSFI, FSRA set out six recommendations for strengthening CAP guidelines

The Office of the Superintendent of Financial Institutions and the Financial Services Regulatory Authority of Ontario are putting forward six recommendations for strengthening the Canadian Association…

  • By: Staff
  • February 9, 2022 February 8, 2022
  • 09:00