retirement planning – Benefits Canada.com https://www.benefitscanada.com Canada's most influential pension and benefits publication for decision-makers Mon, 29 Apr 2024 21:34:34 +0000 en-US hourly 1 https://wordpress.org/?v=4.9.8 Hub International acquiring London, Ont.-based Zavitz Insurance https://www.benefitscanada.com/news/bencan/hub-international-acquiring-london-ont-based-zavitz-insurance/ Wed, 13 Mar 2024 19:00:21 +0000 https://www.benefitscanada.com/?p=152982 Hub International Ltd. is acquiring London, Ont.-based Zavitz Insurance & Wealth Inc. Zavitz Insurance provides group employee benefits, living benefits, life insurance services and financial and retirement planning. The organization is the latest acquisition by Hub over the last few years. Read: Hub International acquiring Oakville, Ont.-based Mitchell Sandham Last month, Hub acquired Oakville, Ont.-based Mitchell […]

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]]> Just 69% of Canadians confident in their retirement prospects: survey https://www.benefitscanada.com/pensions/retirement/just-69-of-canadians-confident-in-their-retirement-prospects-survey/ Mon, 29 Jan 2024 14:00:49 +0000 https://www.benefitscanada.com/?p=151228 While the vast majority (91 per cent) of Canadian workers say they’re saving for retirement, just 69 per cent are confident they’re saving enough, according to a survey by LIMRA. The survey, which polled more than 1,500 retirees and employees aged 40 to 85 years old with at least $100,000 in household investable assets, found fewer […]

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]]> My Take: More financial literacy needed to help employees achieve retirement goals https://www.benefitscanada.com/pensions/retirement/my-take-more-financial-literacy-needed-to-help-employees-achieve-retirement-goals/ Wed, 17 Jan 2024 14:00:06 +0000 https://www.benefitscanada.com/?p=150699 The skyrocketing cost of living has created increased need for employees to receive additional financial well-being information to meet their retirement savings goals. It’s increasingly difficult for most Canadians to put aside any savings above their monthly expenses, thanks in large part to the squeeze from high inflation and the effects of increased interest rates […]

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]]> Gap persists between DC plan sponsor, member views on retirement readiness: survey https://www.benefitscanada.com/pensions/retirement/gap-persists-between-dc-plan-sponsor-member-views-on-retirement-readiness-survey/ Mon, 11 Dec 2023 20:00:03 +0000 https://www.benefitscanada.com/?p=148686 While the majority (87 per cent) of defined contribution pension plan sponsors feel their members are somewhat or very prepared for retirement, only 63 per cent of members feel the same way, according to a new survey by Voya Investment Management. The survey, which polled 305 U.S. DC plan sponsors, 205 plan specialists and 500 […]

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]]> Top 5 HR, benefits, pension and investment stories of the week https://www.benefitscanada.com/news/bencan/top-5-hr-benefits-pension-and-investment-stories-of-the-week-64/ Fri, 08 Dec 2023 14:00:06 +0000 https://www.benefitscanada.com/?p=148547 An article on how Ontario’s proposed pay transparency legislation will impact employers was the most-read story on BenefitsCanada.com over the last week. Here are the five most popular news stories of the week: 1. How Ontario pay transparency legislation will impact employers 2. Expert panel: How interest rates impact DB pension plans 3. How employers can shift younger workers’ ‘soft saving’ […]

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]]> How employers can shift younger workers’ ‘soft saving’ mentality to focus on retirement planning https://www.benefitscanada.com/pensions/retirement/how-employers-can-shift-younger-workers-soft-saving-mentality-to-focus-on-retirement-planning/ Wed, 06 Dec 2023 14:00:12 +0000 https://www.benefitscanada.com/?p=148152 Discouraged with the state of the current economy, more and more younger workers are abandoning saving for retirement and focusing on ‘soft saving.’ Soft saving is when employees, many of whom started their careers later than previous generations, decide to take a more laid-back approach to saving for the future, rather than adopt the FIRE concept — […]

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]]> Survey finds just 14% of near-retirees say they can retire with confidence https://www.benefitscanada.com/pensions/retirement/survey-finds-just-14-per-cent-of-near-retirees-say-they-can-retire-with-confidence/ Wed, 29 Nov 2023 14:00:35 +0000 https://www.benefitscanada.com/?p=147826 Just 14 per cent of near-retirees say they can retire with confidence and only five per cent say they’ve sought financial advice from their employer, according to a new survey by Deloitte. A third (31 per cent) of near-retirees said they’ll need to rely on the Canada Pension Plan or Quebec Pension Plan to sustain their […]

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]]> How group life insurance can support employee financial, mental wellness https://www.benefitscanada.com/benefits/health-benefits/how-group-life-insurance-can-support-employee-financial-mental-wellness/ Tue, 14 Nov 2023 14:00:39 +0000 https://www.benefitscanada.com/?p=146745 A group life insurance policy can support employee financial and mental wellness as they pay off debt, mortgages and other liabilities, says Kevin Dorse, assistant vice-president of strategic communications and public affairs at the Canadian Life and Health Insurance Association. “Knowing they have a confirmed payout amount upon death gives comfort to an employee and […]

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]]> 60% of global DC pension plan members say inflation impacting retirement plans: survey https://www.benefitscanada.com/pensions/retirement/60-of-global-dc-pension-plan-members-say-inflation-impacting-retirement-plans-survey/ Tue, 24 Oct 2023 19:00:52 +0000 https://www.benefitscanada.com/?p=145772 Nearly two-thirds (60 per cent) of global defined contribution pension plan members say they’re thinking differently about retirement amid rising inflation, according to a new survey by MFS Investment Management. The survey, which polled roughly 4,000 global DC plan members, found workers younger than age 45 were more likely to say they’ll need to save more […]

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]]> Canadian employers say competing for talent, rising mental-health issues impacting benefits strategy: survey https://www.benefitscanada.com/benefits/health-benefits/canadian-employers-say-competing-for-talent-rising-mental-health-issues-impacting-benefits-strategy-survey/ Mon, 11 Sep 2023 13:00:10 +0000 https://www.benefitscanada.com/?p=143178 Canadian employers say competition for talent (84 per cent), rising mental-health issues (63 per cent) and a focus on inclusion and diversity (48 per cent) are the top factors influencing their benefits strategy, according to a new survey by WTW. The survey, which polled more than 5,200 employers representing 22.9 million employees around the world, found Canadian employers […]

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