Retirement Page 7

Top Stories in Retirement

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Financial education offerings may help close pension gender gap

With many women at risk of outliving their retirement savings, employers can help by educating female employees about their investment options, says Michelle Connell, a…

Canadian near-retirees expect to outlive savings, postpone retirement, finds survey

A fifth (21 per cent) of Canadians who are nearing retirement with more than $100,000 in investable assets said they expect to outlast their savings…

  • By: Staff
  • August 26, 2021 August 26, 2021
  • 15:00
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Ontario Medical Association introducing new pension annuity offering

The Ontario Medical Association is helping its members save for retirement with a new guaranteed lifetime income annuity. Kayte Fredrickson, vice-president of insurance for the…

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CLHIA calling for increased access to VPLAs, prescription drugs

The Canadian Life and Health Insurance Association is calling on the federal government to permit standalone variable payment life annuities to pool participants from all…

  • By: Staff
  • August 9, 2021 August 9, 2021
  • 15:00

Vale mine workers ending strike after winning pension, benefits increases

The first strike at Vale Canada in more than a decade is drawing to a close after unionized workers at the Sudbury, Ont., mine ratified a collective…

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CAPSA developing multi-jurisdictional VPLA framework for DC pension plans

The Canadian Association of Pension Supervisory Authorities is developing a framework for defined contribution pension plans to offer variable payment life annuities. In developing the…

  • By: Staff
  • August 4, 2021 August 3, 2021
  • 09:00
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More plan sponsors meeting members’ retirement goals in 2021: survey

A majority (72 per cent) of plan sponsors believe their retirement savings plan is meeting its goals this year, up from roughly 66 per cent…

  • By: Staff
  • July 29, 2021 July 29, 2021
  • 09:00
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U.S. employees lacking access to financial wellness programs: survey

A majority (63 per cent) of U.S. employees said their employer doesn’t offer a financial wellness program, according to a new survey by the Defined…

  • By: Staff
  • July 27, 2021 July 27, 2021
  • 15:00
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Rio Tinto workers striking over pension plan, retirement benefits

About 900 employees at Rio Tinto Group’s aluminum smelting facilities in Kitimat, B.C. are on strike after Unifor Local 2301 and the company failed to…

  • By: Staff
  • July 27, 2021 July 26, 2021
  • 09:00

64% of DC plan sponsors looking to improve financial wellness programs: survey

The majority (64 per cent) of consulting and advisory firms said their plan sponsor clients are looking to improve financial wellness programs, according to a…

  • By: Staff
  • July 22, 2021 July 22, 2021
  • 09:00

Great-West Lifeco subsidiary acquiring Prudential Financial’s retirement business for $4.45BN

Empower Retirement, the U.S. subsidiary of Great-West Lifeco Inc., is purchasing Prudential Financial Inc.’s full-service retirement business for $4.45 billion in a bid to deepen…

Number of employees retiring, quitting could rise as pandemic recedes: report

Employees choosing to retire or quit could rise in the second half of 2021 alongside the coronavirus pandemic receding, according to a report by the…

Pandemic impacting American employees’ attitudes toward finances, retirement, savings: surveys

Almost half (40 per cent) of American workers said the coronavirus pandemic’s made them more concerned about planning for retirement, according to a survey by…

  • By: Staff
  • July 2, 2021 July 2, 2021
  • 15:00