Nearly two-thirds (64 per cent) of U.S. employers are planning to increase their spend on employee wellness programs, according to a new survey by Wellable. The survey, which polled roughly 200 health insurance brokers and wellness consultants, found respondents expect employers to prioritize benefits related to mental health (91 per cent), stress management and resilience […]
A third (33 per cent) of Americans nearing retirement say they’re already drawing down their social security benefits, according to a survey by Allspring Global Investments. The survey, which polled more than 1,500 near-retirees and more than 1,200 retirees, found one in four retirees said they retired early due to job loss or a health […]
The Pension Investment Association of Canada is urging the federal government to reconsider the cessation of real return bond issuances, citing potential financial impacts to defined benefit pension plans and members. In an open letter to the Ministry of Finance, the PIAC said the decision was made “without fulsome consultation or warning” and impacts pension […]
The Canadian Institute of Actuaries is urging the federal government to reconsider its cessation of real return bond issuances, citing the potential financial impacts to defined benefit pension plans. “We request not only that the decision to cease issuing real return bonds be reconsidered, but also that the annual issuance of real return bonds be […]
Acera Insurance is merging with Fairfield Watson Inc., a Calgary-based consulting firm specializing in employee benefits, insurance and retirement. The new company will retain the Acera name with Tony Fairfield, founding partner of Fairfield Watson, serving as president of group benefits. The merger will strengthen Acera’s ability to provide insurance, group benefits and risk mitigation solutions across Canada, […]
In 2021, the Saskatchewan Healthcare Employees’ Pension Plan set out to gauge just how well-versed its 60,000 members were about their defined benefit pension plan. The SHEPP launched a six-week survey focused on member demographics, their perception and understanding of the plan, expectations, communications preferences and interest in retirement topics. The survey yielded interesting results, […]
Nearly two-thirds (62 per cent) of U.S. women say they expect to retire later than originally planned or not at all due to rising inflation, a significant increase from 25 per cent in 2021, according to a new survey by Edelman Data and Intelligence on behalf of Nationwide Mutual Insurance Co. The survey, which polled […]
A new U.S. law that aims to strengthen retirement support for workers holds valuable lessons for Canada’s retirement system, says one pension consultant. The Secure 2.0 Act of 2022, which was signed into law in December, contains several provisions to enhance the U.S. retirement system and boost retirement savings, including a requirement for plan sponsors to […]
The French government’s plans to reform the national pension system have been met by widespread protest. Elisabeth Borne, France’s prime minister, unveiled plans to raise the minimum age required to claim benefits from the Caisse Nationale d’Assurance Vieillesse from 62 to 64 by 2030. In addition, the government proposed that claimants will be required to […]
While many Alberta employers say they’d be disadvantaged if the province left the Canada Pension Plan, one expert says a provincial pension plan could benefit members by reducing contributions and increasing retirement savings. Last November, Alberta Premier Danielle Smith instructed the province’s finance minister to provide recommendations on the implementation of a provincial pension plan. According […]