While debt loads and plans for leaving an inheritance affect how quickly people spend their retirement savings, personality could also play a significant role, according to a new study published by the American Psychological Association. The study, conducted by Sarah Asebedo and Christopher Browning at Texas Tech University, looked at the personality and psychological data […]
The former chief executive officer of the organization that would administer a separate Alberta pension plan says the proposed switch from the Canada Pension Plan doesn’t make much sense from an efficiency point of view. Leo de Bever, who retired from the Alberta Investment Management Corp. in 2015, says the threatened move by the Alberta government […]
Many Canadians are interested in learning more about how to manage their money as they make the transition to retirement, according to a new survey by Mackenzie Investments. About half (47 per cent) of baby boomers said they want to know more about how to make the transition to retirement. This age group is slightly more […]
Flexible working hours, paid sick leave and vacation could have a positive correlation with retirement savings levels, according to a new study. The research, led by Patricia Ann Stoddard Dare, a professor at Cleveland State University, studied 994 male U.S. workers aged 47 to 55. It found employees who are offered these time-related benefits have dramatically higher retirement […]
Hub International Ltd. is expanding its Canadian employee benefits and retirement services with six key service areas. It also named its employee benefits leadership team for the country, including Robert Taylor of TRG Group Benefits, which was acquired by Hub in January; Hub chief innovation officer Faizal Mitha; Mary-Lou MacDonald, Hub’s national practice lead of health and […]
The Government of Quebec is planning to introduce a bill in the spring of 2020 that would allow employers in the province to implement target-benefit pension plans. The provincial government has already given a mandate to Retraite Québec to develop a regulatory framework for the plans, said Minister of Finance Éric Girard at an event in Quebec City last week. […]
Hub International Ltd. has acquired the assets of Winnipeg-based benefits consulting firm W.R. Carey Corp. W.R. Carey provides a wide range of programs to employers, including benefits plan consulting and group retirement services. Bill Carey, the firm’s president, and all of its employees will join Hub International Manitoba Ltd. Read: Hub acquiring Alberta-based employee benefits consultancy “Carey Corp. […]
In tandem with Financial Literacy Month, Great-West Life Assurance Co. is adding Koho’s full-service spending account to select group retirement savings plans. The accounts are paired with a prepaid, reloadable Visa 0.5 per cent cash-back card and an integrated mobile app, which provides users with real-time insights into their spending habits, prompting real behavioural changes. […]
Governments in Asia are stepping up their pension reforms to boost retirement savings adequacy, potentially generating business opportunities for asset managers operating in the region. Retirement income security is a top concern for Asian governments, noted a press release from Cerulli Associates. In response to aging and other pension challenges in the region, governments are amending […]
The Financial Services Regulatory Authority of Ontario has appointed members to its stakeholder advisory committee for the pension sector. The committee, which was introduced in July 2019, will provide advice and feedback to the regulator on sector-related matters and will form part of its stakeholder engagement process going forward. The committees members represents a cross-section of views and backgrounds. Read: FSRA […]