For a typical middle-income Canadian without a workplace pension, the Canada Pension Plan is projected to provide roughly 50 per cent to 70 per cent of their retirement income, according to a new study by the Canada Pension Plan Investment Board and the National Institute on Ageing. It reinforced that CPP benefits aren’t intended to […]
Canada’s retirement income system ranked No. 24 out of 52 countries, earning a B grade with an overall score of 70.4 out of 100, according to a new report by Mercer and the CFA Institute. The annual study benchmarks retirement income systems across 65 per cent of the world’s population, using weighted scores for adequacy, […]
In a year marked by an ongoing trade war and threats of tariffs by U.S. President Donald Trump and against a backdrop of rising costs, Canadian employers are reconsidering their total rewards and talent management strategies. “A lot more attention is being paid to total rewards, such as how we’re paying people,” says compensation and […]
Seven in 10 (71 per cent) employers say they’re concerned about meeting candidates’ salary expectations in 2026 and nearly half (46 per cent) say adding new employee benefits and perks will be the most effective strategy for recruiting skilled candidates in the coming year, according to a new report by Robert Half Canada. The report […]
Canada’s life and health insurers paid out a record $143.3 billion in health and retirement benefits last year, up from $128 billion in 2023, according to the Canadian Life and Health Insurance Association’s annual fact book. “At a time when our country is facing economic uncertainty and our health-care system is under strain, life and […]
Nearly half (48 per cent) of U.S. employees say they expect to retire with less than US$500,000 even though they believe they’ll need $1.28 million, according to a new survey by Schroders. It found a quarter (26 per cent) of respondents expect to retire with less than $250,000, while just 30 per cent believe they’ll […]
A pension dashboard that consolidates all of an individual’s pension and retirement information using pre-populated data would make it significantly easier for Canadians to access and understand their retirement savings, according to a new report by the C.D. Howe Institute. “Canada’s current retirement landscape offers numerous savings vehicles, giving individuals more choices than in the […]
In the next three years, more than half (57 per cent) of global employers plan to reallocate or rebalance their benefits spend, adding or enhancing some benefits (23 per cent) while reducing or removing others (two per cent), according to a new survey by WTW. The survey, which polled more than 5,500 global employers, found […]
Meridian Credit Union is appointing Jennifer Stassen as senior well-being and retirement specialist. In her new role, Stassen will contribute to advancing Meridian’s well-being, benefits and pension strategy to deliver on the commitment of fostering a supportive, healthy and balanced environment, according to a press release. Read: Niagara Casinos gambles with innovative pension communications Stassen […]
The National Institute on Ageing at Toronto Metropolitan University is recognizing Canadian pension industry mainstay Bob Baldwin with its inaugural lifetime achievement award. An expert in retirement income with more than 30 years of experience, Baldwin has held many roles in the pension sector, including chair of the C.D. Howe Institute’s pension policy council, director at […]