The National Institute on Ageing at Toronto Metropolitan University is recognizing Canadian pension industry mainstay Bob Baldwin with its inaugural lifetime achievement award. An expert in retirement income with more than 30 years of experience, Baldwin has held many roles in the pension sector, including chair of the C.D. Howe Institute’s pension policy council, director at […]
Roughly one in three (36 per cent) single Canadians fear they’ll never be financially able to retire, according to a new survey by the Co-operators Group Ltd. The survey, which polled 1,500 employees, found nearly half (45 per cent) of single Canadians described saving for retirement as a near-impossible task. Indeed, two-fifths (40 per cent) […]
An article on the Ontario Municipal Employees’ Retirement System’s 2024 financial results 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. OMERS returns 8.3%, grows net assets to $138.2BN in 2024 2. Fewer millennials, gen Z employees on […]
While a quarter (26 per cent) of Canadians say they don’t face any barriers and are on track to saving for their ideal retirement, only 15 per cent of millennials and 10 per cent of generation Z say the same, according to a new survey by Edward Jones Canada. The survey, which polled more than […]
An article on how financial wellness programs can help employees in their relationships 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. Wellness programs key to keeping financial stress out of relationships: expert 2. 64% of Canadian employees […]
While nearly three-quarters (72 per cent) of U.K. employees say it’s important their employer offers a pension plan that’s invested according to environmental, social and governance factors, half (47 per cent) say they don’t know whether their pension is invested in this way, according to a new survey by Scottish Widows. The survey, which polled […]
The Financial Services Regulatory Authority of Ontario is promoting the importance of retirement planning and the value of a workplace pension on the third anniversary of Pension Awareness Day taking place today Feb. 20. In an emailed statement to Benefits Canada, Andrew Fung, executive vice-president of pensions at the FSRA, said he’s proud that more […]
Canadians believe they’ll need, on average, $1.54 million to retire, down from $1.67 million in 2023, according to a new survey by the Bank of Montreal. The survey, which polled 1,500 employees, found three-quarters (76 per cent) are worried they won’t have enough money in retirement because of rising prices. Read: Canadians believe they need […]
Capital accumulation plan members who retired in 2024 saw the highest CAP outcomes since the start of the coronavirus pandemic, according to a new report by Eckler Ltd. The consultancy’s latest CAP income tracker found a typical male member retiring at the end of December 2024 achieved a gross income replacement ratio of 66.5 per […]
More than half (58 per cent) of Canadian workers aged 40 to 60 say financial stress is their No. 1 worry, according to a new survey by the Healthcare of Ontario Pension Plan. The survey, which polled 2,800 full-time employees, found six in 10 (60 per cent) respondents said they thought about their current financial […]