More than two-thirds (70 per cent) of Canadian pre-retirees said they expect they’ll be working in retirement, according to Fidelity Investments Canada’s annual retirement survey.…
Many Canadians are looking forward to retiring someday, but with the rising cost of living and increasing life expectancy, many are also uncertain whether retirement will arrive…
Hub International Ltd. is acquiring Porchlight Financial. Located in Vancouver, Porchlight Financial has been offering group retirement plan consulting for 25 years. It specializes in plan member advisory services, financial wellness…
The federal government’s proposals around advanced life deferred annuities and variable payment life annuities represent significant enhancements in decumulation options for Canadian capital accumulation plan…
While there isn’t reliable data on just how many people are disconnected from their old pension plans, the federal government says the number could be…
The House overwhelmingly approved a bill Thursday to promote retirement security by making it easier for small businesses and other companies to offer retirement plans.…
Mercer Canada has appointed new heads for its wealth practices in Toronto and Quebec. Todd Nelson is the firm’s new wealth leader for its Toronto…
I was lucky enough to know my great-grandmother. I remember her living to the age of 94 — “incredible,” my family would say. But not…
Though more than half of Canadian capital accumulation plan members feel financially prepared for retirement, there’s a distinct difference across generations. Given their proximity to…
More than a fifth (21 per cent) of younger Canadian baby boomers haven’t saved for retirement, according to a survey by Franklin Templeton Investments Canada.…
A third of employees don’t expect to ever reach full retirement, according to a new survey by Aon. The survey, which polled 1,000 Canadians at all stages of…
Employees of Community Food Centres Canada will join the OPTrust Select defined benefit pension plan after more than 90 per cent voted in favour of…
When the World Economic Forum met this year in Davos, Switzerland, it chose a very timely topic: the fourth industrial revolution that’s about to be wrought by automation.…
While the process has been slow to date, it’s clear the migration to defined contribution pension plans will continue in Canada. Defined benefit assets comprised about 47…
Retirement is a time in every employee’s life that evokes a number of emotions: anticipation, excitement, fear, stress, anxiety and relief, among others. The positive…
The fourth quarter of 2018 saw the largest decline since 2011 in a retiring member’s ability to create a secure retirement income, according to a report…
Even though millennials often get a bad rap for being frivolous, a new study from New Jersey-based fintech firm LendEDU found 58 per cent are saving for…
A report published by the Canadian Public Pension Leadership Council in February 2019 offers compelling evidence about the broad benefits of workplace pension plans. The report,…
Canada’s governments should consider updating the current retirement age to match the reality of today’s workforce, according to a new report by the Canadian Institute of…
During a packed schedule at Benefits Canada’s 2019 Defined Contribution Plan Summit in Banff, Alta., on Feb. 6-8, DC plan sponsors heard about the solutions…
What makes people dishonest? And how can employers understand employees’ decision-making processes to curb dishonest actions? People are good at being creative and rationalizing why…
As millennials look to their employers to integrate their career, education and leisure, this creates challenges for the pension industry, said Erica Hall, assistant vice-president…
In a challenging market environment, it’s important to focus on making the most of worst-case scenarios, said Ed Studd, solutions manager for U.S. portfolio solutions…
When it comes to retirement, it’s key to focus on the journey, not just getting there, said Jean-Pascal Plamondon, national director of client relationship and…
While a lot of attention has been paid to “the front end of pension plans,” there hasn’t been enough focus on how that translates into…