Worried about saving? You’re not alone.
With the snowballing shift from DB to DC pension plans over the last decade or two, Canadians have grown more accustomed to owning responsibility for their retirement planning. But retirement readiness is another issue.
November is Financial Literacy Month in Canada. The Financial Consumer Agency of Canada, the Canadian Foundation for Economic Education, the Investor Education Fund and other groups are making great strides with initiatives intended to improve financial skills and knowledge in schools, communities and workplaces. That’s a good thing. For plan sponsors, financial literacy is seen […]
Though survey results vary, they generally indicate that employers offering retiree benefits are the minority in Canada. For instance, only 16.3% of participating organizations in the 2015 Mercer Plan Design Database offer some kind of retiree benefits. Additionally, the 2015 Sanofi Healthcare Survey of mostly larger employers shows only 35% still offer benefits to new retirees. In another survey, 17% of respondents in the Toronto Region Board of Trade offered extended health coverage, and 13% offered dental benefits to retirees. By 2014/15, these numbers decreased to 16.5% and 11.9%, respectively.
It seems adults haven’t forgotten their childhood piggy bank. According to an Aviva survey, one in 10 U.K. adults use the porcine friend to save for retirement.
So you want to help your child get a good education…but you also need to make sure you retire on track. Which priority should come first? Here’s how you can balance your child’s needs with yours.
Plan participants in the United States believe their retirement plans should offer responsible investment options and having these options would favourably affect their attitudes toward the plan and their employers, a Calvert Investments survey finds.
Many commentators assert that people are saving less for retirement as a result of the shift from DB to DC plans.
Thirty million Americans tapped their retirement savings for an emergency within the past year, a Bankrate.com report finds.
When it comes to money, there is no shortage of financial stressors keeping Canadians up at night even though the majority think they have their financial goals on track.