With the return of autumn, change is once again in the air. For the last nine months, I’ve lead the editorial team at Benefits Canada while Jennifer Paterson was taking parental leave to welcome the youngest member of her growing family. This month marks the return of our editorial team to full strength — welcome […]
From 2016 to 2024, fewer plan members are confident they’ve saved enough for retirement. Indeed, Benefits Canada’s 2024 CAP Member survey found plan members’ optimism that their retirement is on track declined to 56 per cent from 63 per cent in 2022, while three-quarters (73 per cent) said they’re worried they won’t have enough saved […]
Strong growth for stocks on Wall Street this year have helped juice gains for savers with retirement accounts. The average 401(k) plan balance stood at US$127,100 at the end of the second quarter, an increase of 13 per cent from the same period last year, according to data from Fidelity Investments drawn from 24 million […]
Just two-fifths (42 per cent) of U.S. employees say they feel highly confident they’re on track to save what they need in retirement, according to a new survey by LiveCareer. The survey, which polled more than 1,000 U.S. workers, found six in 10 said they fear retirement more than death (61 per cent) or the idea […]
A third (34 per cent) of U.S. employees aged 50 and older are phasing into retirement, according to a new survey by WTW. The survey, which polled 10,000 U.S. employees working at medium- and large-sized private sector companies, found among workers who are currently phasing into retirement, six in 10 (61 per cent) have reduced […]
A fifth (20 per cent) of U.S. workers aren’t currently saving for retirement, according to a new survey by Flexjobs. The survey, which polled more than 2,000 U.S workers, found nearly two-thirds (61 per cent) of men said they’ve been saving for retirement for a while, compared to 52 per cent of women. Across generations, […]
The average amount that U.S. adults have saved for retirement dropped slightly from US$89,300 in 2023 to $88,400 in 2024 and more than $10,000 from its five-year peak of $98,800 in 2021, according to a new survey by Northwestern Mutual Life Insurance Co. The survey, which polled more than 4,500 U.S. adults aged 18 or older, found a third […]
An article on the nuances of Quebec’s pension laws 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. What should employers know about Quebec’s pension legislation? 2. Ontario’s new regulations for publicly advertised jobs providing transparency for job-seekers: expert 3. Canadian […]
Half (51 per cent) of U.S. pre-retirees and retirees say they’re considering either delaying or coming out of retirement, according to a new survey from F&G Annuities & Life Inc. The survey, which polled more than 2,000 adults aged 50 and older and who have more than US$100,000 in financial products/savings, found among respondents who […]
An article detailing how Canada’s exemplary pension regulatory system is helping to safeguard plans from mismanagement was the most-read story on BenefitsCanada.com this week. Here are the top five human resources, benefits, pension and investment stories of the past week: 1. Culture of compliance prevents mismanagement, conflict at Canadian pension funds: expert 2. OPB making key appointments […]