Employers can improve women’s financial security by recognizing gender differences and improving pension contribution and benefits structures, says Kadie Philp, commissioner and chief administrative officer at the Ontario Pay Equity Commission. To close the gender pension gap, employers need to recognize how different work-life patterns can be for men and women, in addition to making […]
The Financial Services Regulatory Authority of Ontario is marking its fourth annual Pension Awareness Day today by encouraging employees to understand their employer-sponsored retirement plan and ensure they’re on track to retire comfortably and on time. This year’s campaign is focusing on the FSRA’s three keys to retirement security: employees’ understanding of workplace pension plans, […]
An article on the removal of the board chair at the Colleges of Applied Arts and Technology pension plan was the most-read article on BenefitsCanada.com this past week. Here are the top five human resources, benefits, pension and investment stories of the last week: 1. CAAT pension plan board chair removed amid ongoing governance emergency […]
A proposed retirement plan tax credit for small- and medium-sized employers could reduce cost barriers to offering employer-sponsored retirement programs, according to a new report by the C.D Howe Institute. It noted more than nine million working Canadians lack access to a workplace retirement plan, with the gap most pronounced among employees of SMEs. As […]
Just 48 per cent of working Canadians say they have an employer-sponsored pension plan, according to a new survey by IG Wealth Management. The survey, which polled more than 1,300 workers, found just 11 per cent of non-retired Canadians know how much annual income they’ll need in retirement and nearly half saying they don’t know. […]
Older Canadians’ retirement confidence is dropping amid longer life expectancies and a rising percentage of employees who continue to work past age 65, according to a new survey by the National Institute on Ageing at Toronto Metropolitan University. The survey, which polled more than 6,000 Canadians aged 50 and older, found one in five (22 […]
Roughly a third (34 per cent) of global employees say they expect to work at least part time after retiring, a percentage that increases to 37 per cent among U.S. employees, according to a new survey by T. Rowe Price. The survey — which polled more than 7,000 employees in Australia, Canada, Japan, the U.K. […]
Confident and knowledgeable group retirement savings plan members are saving 86 per cent more than those with low confidence and literacy, according to a new survey by Sun Life Financial Inc. The survey, which polled more than 1,900 plan members, found nearly a third (30 per cent) believe they have both confidence and strong financial […]
An article on how employers can approach pay-for-performance amid economic volatility 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. Expert panel: How employers can rethink pay-for-performance in a volatile economy 2. Survey finds many women aged 55+ […]
Wealthsimple Inc. is marking Financial Literacy Month with a two-part series of information sessions on how women can build financial confidence. The sessions cover estate planning, individual and joint money management, investing, wealth building and pre-retirement strategies, says Diana McLachlan, the organization’s chief people officer. She notes the company’s overall approach to financial literacy emphasizes […]