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Copyright_ Audtakorn Sutarmjam_123RF

Income inequality in the U.S. is contributing to the growth of financial insecurity in retirement, exacerbated by a shift from pensions to individual 401(k) savings accounts, according to a new report by the U.S. National Institute On Retirement Security. It found in 2019, white households across three generations — baby boomers, generation X and millennials […]

  • By: Staff
  • September 8, 2021 September 7, 2021
  • 09:00
Copyright_nanastudio_123RF

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 OMA, says the annuity was developed in partnership with Brookfield Annuity Co. and Common Wealth Retirement, the OMA’s retirement plan administrator, to specifically meet the retirement needs of the province’s […]

Copyright_ruhmal_123RF

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 reach an agreement on July 25. The union continued negotiations with Rio Tinto until the strike deadline at midnight, according to a press release. Unifor is seeking changes to workers’ […]

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

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 new defined contribution plan consulting survey by PIMCO. The same percentage (64 per cent) of respondents said plan sponsors want to improve participant retirement education and evaluate investment fees. The […]

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

The College of Applied Arts and Technology’s DBplus pension plan is welcoming more members of Canada’s legal community through an affinity agreement between the pension and the Canadian Bar Insurance Association. According to a press release from the CAAT, employees from 42 smaller law firms joined the DBplus plan in the first six months of […]

Copyright_ Audtakorn Sutarmjam_123RF

Indigenous and racialized seniors have less retirement security and higher poverty rates than white seniors in Canada, according to a new report by the Canadian Centre for Policy Alternatives. Based on data from the 2016 census, the report found Indigenous seniors have an average income of $32,200 and a poverty rate of 21.5 per cent, […]

Copyright_Olga Yastremska_123RF

Language and communication can impact the retirement decisions of defined contribution plan members, according to a new survey by Invesco Ltd. The survey found 60 per cent of all respondents — as well as 50 per cent of millennials and 59 per cent of gen-Xers — would rather achieve retirement “income” than retirement “savings.” Nearly […]

  • By: Staff
  • May 14, 2021 May 14, 2021
  • 09:10
Feds Reject Retirement Eligibility Age Recommendation

Government flat out declines Liberals' economic advisory council suggested age raise.

The 30 Basis-Point Solution

Ambachtsheer's proposed retirement income fix.

  • February 26, 2014 September 13, 2019
  • 11:22