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Keyword: Retirement

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Copyright_Romolo Tavani_123RF

The Association of Canadian Pension Management is calling on the federal government and capital accumulation plan sponsors to support members’ financial wellness by focusing on decumulation. In a new white paper, the ACPM proposed the creation of a “retirement dashboard” that informs retirees of their available sources of retirement income — including government retirement benefits, […]

  • By: Staff
  • November 30, 2022 November 30, 2022
  • 15:00

A bill intended to provide defined benefit pension plan members with super-priority in the event of a plan sponsor’s insolvency passed in the House of Commons last week, furthering division among stakeholders on whether the legislation will cause more harm than good in the long term. The Association of Canadian Pension Management, the Canadian Chamber of […]

Two-fifths (40 per cent) of all U.S. private sector employees don’t have an employer-sponsored retirement plan and non-white workers have the least access to these plans, according to a report by T. Rowe Price Group Inc. It found that, while 58 per cent of white employees had access to workplace retirement plans, this percentage decreased […]

  • By: Staff
  • November 25, 2022 November 24, 2022
  • 09:00
Copyright_aberheide_123RF

An article on the FIRE — financial independence and retiring early — concept was the most-read story on BenefitsCanada.com over the last week. Here are the five most popular news stories of the week: 1. Is the concept of financial independence and early retirement truly feasible? 2. Expert panel: Can pension administrators deny benefits to plan members who don’t […]

  • By: Staff
  • November 25, 2022 November 24, 2022
  • 09:00

Two-fifths (41 per cent) of U.S. women say they expect to retire at age 70 or older or don’t plan to retire at all, according to a survey by the Harris Poll on behalf of the Transamerica Center for Retirement Studies. Among women who plan to work past age 65 or who don’t plan to retire, […]

  • By: Staff
  • November 24, 2022 November 23, 2022
  • 09:00
Copyright_Wisawa Chinnacotra_123RF

In August, the Canadian Broadcasting Corp. reported that the U.K. Department for Works and Pensions cut off state pension payments to several expatriate pensioners living in Canada due to their failure to complete and return forms to prove they were still alive. However, the report also found many of these retirees never received the forms […]

  • By: Mary Picard
  • November 22, 2022 November 22, 2022
  • 09:00
Copyright_langstrup_123RF

More than two-thirds (70 per cent) of millennials say they aren’t saving enough for retirement, while 27 per cent aren’t able to save any money, according to a new survey by Edward Jones Canada. The survey, which polled more than 1,000 employees aged 18 and older, found millennials were most likely to cite debt (21 […]

  • By: Staff
  • November 18, 2022 November 17, 2022
  • 15:00
Copyright_rostislavsedlacek_123RF

Six in 10 (60 per cent) U.S. employees say they’re more likely to stay at their current job if their employer offers a retirement savings plan, according to a new survey by Voya Financial Inc. The survey, which polled 1,000 employees, also found respondents are more likely to stay with their employer if they offer physical […]

  • By: Staff
  • November 18, 2022 November 18, 2022
  • 09:01

The FIRE concept — financial independence and retiring early — is gaining traction among younger workers, but as appealing as early retirement may be, it isn’t very realistic given the current economic conditions, according to experts. Bonnie-Jeanne MacDonald, director of financial security research for the National Institute on Ageing at Toronto Metropolitan University, notes the population […]

  • By: Sadie Janes
  • November 18, 2022 November 18, 2022
  • 09:01
Copyright_dmitrydemidovich_123RF

An article on the Canadian Federation of Pensioners’ response to proposed legislative and policy updates for Alberta’s private sector pension regulations was the most-read story on BenefitsCanada.com over the last week. Here are the five most popular news stories of the week: 1. CFP urging Alberta government to reconsider transfer of pension risk to plan members 2. Walmart […]

  • By: Staff
  • November 18, 2022 November 18, 2022
  • 09:01