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Keyword: Longevity

71 results found
Canadians taking CPP at 60 losing $100,000+ in retirement income: study

The average Canadian taking  Canada/Quebec Pension Plan benefits at age 60 instead of waiting until 70 can expect to lose more than $100,000 of secure lifetime income, according to a new research paper by Ryerson University’s National Institute on Ageing and the FP Canada Research Foundation. The paper found a $1,000-monthly benefit in today’s dollars at […]

  • By: Staff
  • December 11, 2020 January 19, 2021
  • 15:30
Corby, Hiram Walker entering $176M group annuity buy-in

Corby Spirit and Wine Ltd. and Hiram Walker & Sons Ltd. are de-risking with a $176-million group annuity buy-in amidst volatile markets caused by the coronavirus pandemic. The deal covers 750 retirees and beneficiaries and there will be no change for plan members, who will continue to be paid from the plan as before the […]

  • By: Staff
  • December 7, 2020 January 19, 2021
  • 15:00
Older workers key to rebuilding G20 economies: report

Across the G20 nations, older workers are increasingly vital to a post-pandemic recovery, according to a new report by ageing policy think tank International Longevity Centre U.K. Every third dollar is earned by someone aged 50 or older and nearly one in three workers (29 per cent of the G20 workforce) were over the age of 50 […]

  • By: Staff
  • October 16, 2020 October 16, 2020
  • 09:02
Guardian Capital teaming up with Moshe Milevsky on portfolio longevity solutions

Guardian Capital is forming a collaboration with Moshe Milevsky, a professor of finance at York University’s Schulich School of Business, that focuses on retirement finance. As an academic, Milevsky is currently working on research on the intersections of financial engineering, actuarial science, insurance contingent claims and wealth management, according to a press release. “There is an acute need for innovation […]

  • By: Staff
  • September 18, 2020 November 12, 2020
  • 09:03
Tips for helping staff piece together their retirement income puzzle

Retirement income can be sliced into three broad categories: what an individual receives from their employer, what they receive from the government and everything else. While plan sponsors are naturally most concerned with what they provide for plan members, including all forms of income in the conversation is integral to properly planning for retirement, says […]

Toronto-based digital well-being solutions provider Sprout is acquiring Calgary-based predictive health-data analytics company Vivametrica Ltd. Vivametrica analyzes, measures and predicts health risks, potential outcomes and longevity with data from wearable technology and other personal sensors. Sprout previously partnered with Vivametrica on its health risk assessment solution. Read: Taking big data to next level key to […]

  • By: Staff
  • August 14, 2020 November 24, 2020
  • 09:00
Head to head: Is there a right time to take CPP benefits?

While many Canadians can’t wait to start drawing down Canada Pension Plan benefits when they turn 65, it’s important to consider whether that’s the right move Bonnie-Jeanne MacDonald, director of financial security research at Ryerson University’s National Institute on Ageing Delaying CPP is the safest, most inexpensive approach to receiving more secure retirement income. Yet […]

CPP enhancements good start, but more needed to ensure retirement readiness: report

The Canada Pension Plan enhancements are a strong start but the country needs to do more to help people prepare for retirement, according to a new report from Ryerson University’s National Institute on Ageing. The paper — authored by Keith Ambachtsheer, director emeritus of the International Centre for Pension Management, and Michael Nicin, executive director of […]

  • By: Staff
  • February 12, 2020 November 30, 2020
  • 09:30
Changes to Canadians’ life expectancy could have small effect on pension liabilities

Life expectancy at age 65 has marginally increased for Canadian men while remaining stable for Canadian women, according to new data from Statistics Canada. It found life expectancy for Canadian men at age 65 increased to 19.4 years in 2018, up from 19.3 in 2017. In comparison, for Canadian women at age 65, life expectancy […]

CSS pension plan enters into longevity insurance agreement

The Co-operative Superannuation Society Pension Plan is making a deal with the Co-operators Group Ltd. on a longevity insurance agreement to protect its annuity offering. “CSS is very proud to have been providing an in-plan annuity option to our members for close to 50 years,” said Martin McInnis, executive director of CSS, in a press […]

  • By: Staff
  • January 29, 2020 November 30, 2020
  • 09:00