Finance’s toughest problem just got a whole lot trickier, thanks to the quandary of inflation. Legendary economist William F. Sharpe sealed his place in history when he collected the 1990 Nobel Memorial Prize in Economic Sciences for his work on investment decision-making, but in defined contribution pension circles, the emeritus professor at Stanford University is […]
Private sector pension plans could realize higher rates of return and produce lifetime income if they followed a model similar to their public sector counterparts, said Keith Ambachtsheer, executive in residence at the University of Toronto’s Rotman School of Management and a senior fellow at the National Institute on Ageing at Toronto Metropolitan University, during a […]
Canadians say they need $1.7 million in savings in order to retire, a 20 per cent increase from 2020, when Canadians estimated they’d need a nest egg of $1.4 million, according to a new survey by BMO Financial Group. The estimate is the largest since the bank first began surveying Canadians about their retirement expectations […]
The majority (81 per cent) of U.S. public sector employees worry whether they’ll have enough money to last them through retirement, according to a new survey by MissionSquare Research Institute. The annual survey, conducted alongside the International Public Management Association for Human Resources and the National Association of State Personnel Executives, also found just 41 per […]
Despite an ongoing labour shortage, just a quarter (25 per cent) of Canadian employers offer semi-retirement arrangements, according to a new survey by the Harris Poll on behalf of Express Services Inc. Semi-retirement — or phased retirement — is a period of time during which a person stops working full time and begins working fewer hours. […]
The Financial Services Regulatory Authority of Ontario is promoting retirement planning with its inaugural Pension Awareness Day on Feb. 16. Through the event, the FSRA is aiming to spark conversations about retirement savings and inspire employees to take full advantage of employer-sponsored pension plans, says Caroline Blouin, executive vice-president of pensions at the FSRA, noting […]
More than half (59 per cent) of generation Z workers and a third (31 per cent) of millennials say they have yet to start saving for retirement, according to a new survey by IG Wealth Management. The survey, which polled more than 1,500 Canadian workers, found 63 per cent of respondents believe $1 million in […]
Two-fifths (42 per cent) of U.S. workers say they’re highly stressed due to their financial health, up from 35 per cent in 2022, according to a new survey by the Harris Poll on behalf of Franklin Templeton. The survey, which polled more than 1,000 employees, found two-thirds (66 per cent) of respondents said they’re experiencing […]
Employees of the City of Whitehorse represented by the Yukon Employees’ Union and N.W.T.-based Collège nordique francophone are joining the Colleges of Applied Arts and Technology pension plan’s DBplus arrangement. The two employers are among a number of organizations that have recently joined the CAAT’s plan, including the Canadian Coalition for Good Governance, the Saskatchewan College […]
A new retirement plan design could allow more public employees in the U.S. to accrue retirement benefits regardless of their length of service, according to a report by think tank the Reason Foundation. The plan, which blends elements of defined contribution and defined benefit pension plans, focuses on providing employees with the target retirement income […]