Home Retirement

Keyword: Retirement

1214 results found

A story on the Toronto-Dominion Bank’s enhancement to its benefits offerings in 2022 with expanded family planning coverage took the top spot over the past week on BenefitsCanada.com. Here are the five most popular news stories of the week: 1. TD expanding fertility treatment coverage, bereavement policy 2. N.S. Pension Services Corp. appoints new CIO 3. 82% of Canadian workers think […]

  • By: Staff
  • January 21, 2022 January 21, 2022
  • 09:00

At the start of every new year, many employees resolve to improve their fitness — emotionally, financially and/or physically. One pretty easy way that employers can help workers shape up (financially) this year is by offering a workplace tax-free savings account. A knowledge gap still needs to be filled when it comes to TFSAs — […]

Despite the financial challenges experienced by Canadians over the course of the coronavirus pandemic, 40 per cent said they’ve continued to save for retirement, according to a new survey by life insurance provider PolicyMe Corp. More than half (54 per cent) of survey respondents said they’re adding to their emergency funds, while 48 per cent […]

  • By: Staff
  • January 17, 2022 January 18, 2022
  • 15:00

Just over half (51 per cent) of U.S. employees — including 65 per cent of generation Z respondents — agreed employers have a responsibility to help workers improve and maintain financial wellness, according to a new survey by the Teachers Insurance and Annuity Association of America-College Retirement Equities Fund. The survey, which polled more than […]

  • By: Staff
  • January 13, 2022 January 13, 2022
  • 15:00
Ontario DB pension solvency up again in third quarter: FSRA

While Canadians are prioritizing saving as they continue to navigate the challenges of the global coronavirus pandemic amid expectations of rising inflation in the coming year, just over two-thirds (64 per cent) know the difference between a registered retirement savings plan and a tax-free savings account, according to a new survey by the Bank of […]

  • By: Staff
  • January 12, 2022 January 11, 2022
  • 15:00

Defined benefit pension plans offer substantial cost advantages over 401(k)-style defined contribution plans, according to a new report by the National Institute on Retirement Security. The U.S. report found a typical DB pension — with advantages based on longevity risk pooling, asset allocation, low fees and professional management — has a 49 per cent cost advantage […]

  • By: Staff
  • January 11, 2022 January 10, 2022
  • 09:00

Nearly half (47 per cent) of Canadians said that financial wellness means living without financial stress, according to a new survey by the Canadian Imperial Bank of Commerce. It found 28 per cent of respondents also used financial wellness as a top descriptor for overall wellness and 41 per cent said financial wellness comes from being […]

  • By: Staff
  • January 5, 2022 January 5, 2022
  • 15:00

As a new year dawns, our attention turns to what’s ahead, the following are a few of my predictions for trends in the world of pensions in 2022. Volatility We’re entering the year in an environment of considerable economic and financial market uncertainty. Supply chain problems, elevated price inflation and labour shortages in certain industries […]

Jan. 1 felt like Groundhog Day for all employees and employers paying into the Canada Pension Plan. Like last year, contributions went up again by more than originally planned. The reason again lies with the unique impacts of the coronavirus pandemic on the labour market. The increase is part of a multi-year plan approved by provinces and […]

It’s no secret there’s a looming retirement savings gap among Indigenous and racialized Canadian seniors and their white counterparts. Indeed, a June 2021 study by the Canadian Centre for Policy Alternatives found data from the 2016 census showed white seniors’ income from private pension sources — such as registered pension plans and registered retirement savings […]