Latest news in Retirement

Top 5 HR, benefits and pension stories of the week

A story that took an in-depth look at the federal government’s 2022 budget proposals and their potential impacts on employers and employees was the most-read…

  • By: Staff
  • April 14, 2022 April 13, 2022
  • 09:05

How Foresters Financial redesigned its pension, benefits plans to provide employees with more flexibility

In 2021, Foresters Financial redesigned its retirement and benefits plans to be more flexible, relevant and competitive, modernizing the plans with the recognition that employees…

A look at the pandemic’s impact on pension plans in Canada’s travel, transportation sectors

The economic impact of the pandemic has been unevenly distributed across various industries, with travel and transportation among the hardest-hit sectors. However, while travel restrictions…

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U.S. employers enhancing or looking to enhance DC pension plans: survey

The vast majority of U.S. employers are eyeing enhancements to their defined contribution pension plans in an effort to boost their employees’ retirement security and…

  • By: Staff
  • April 12, 2022 April 11, 2022
  • 09:00

Physical health, work-life balance and ability to retire top concerns for Canadian employees: survey

Canadian employees’ top concerns are physical health and fitness, work load and work-life balance, ability to retire and mental health, according to a new survey…

  • By: Staff
  • April 11, 2022 May 2, 2022
  • 09:00
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Great-West Lifeco subsidiary completes acquisition of Prudential’s retirement business

Empower Retirement, the U.S. subsidiary of Great-West Lifeco Inc., has completed the previously announced acquisition of Prudential Financial Inc.’s full-service retirement business. With the completed…

  • By: Staff
  • April 5, 2022 April 4, 2022
  • 09:00
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A fifth of U.S. workers tapping into retirement savings as financial stress rises: survey

While 84 per cent of U.S. employees believe their employer should be responsible for their financial well-being, only 55 per cent feel their company is concerned…

  • By: Staff
  • April 4, 2022 April 4, 2022
  • 15:00

RRSP contributions up 13% between 2019 and 2020, finds Stats Can

In 2020, more than 6.2 million Canadians put aside a total of $50.1 billion for their retirement by making contributions to their registered retirement savings…

  • By: Staff
  • April 4, 2022 April 4, 2022
  • 09:00

Survey finds SMEs using benefits to attract, retain employees

More than two-thirds (71 per cent) of small- and mid-sized U.S. employers said offering more employee benefits helps improve retention, while 70 per cent said…

  • By: Staff
  • March 31, 2022 March 30, 2022
  • 09:00
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Ontario Liberals promising portable drug, dental and mental-health services

Ahead of the upcoming provincial election, Ontario Liberal Leader Steven Del Duca is promising several benefits for employees and employers in his economic platform. The platform,…

  • By: Staff
  • March 29, 2022 March 28, 2022
  • 09:00

Financial wellness programs should have measurable, tangible impact: study

While many employees say they’re open to using employer-provided financial wellness assistance, some are hesitant, citing lack of trust and a need for employers to…

  • By: Staff
  • March 28, 2022 March 28, 2022
  • 15:00

Top 5 HR, pension and benefits stories of the week

A story on a pilot benefits plan program that provides plan members with access to traditional Indigenous medicines and services was the most read article…

  • By: Staff
  • March 25, 2022 March 25, 2022
  • 09:00

Survey finds U.S. employees confident about retirement, but inflation, pandemic concerns linger

While the majority (79 per cent) of U.S. employees remain confident they’ll be able to retire when and how they want, a quarter are less…

  • By: Staff
  • March 23, 2022 March 22, 2022
  • 09:00

Just 52% of Canadians confident they’re saving enough for retirement: survey

While a majority (75 per cent) of Canadians are making their financial wellness a priority in 2022, only 52 per cent expressed confidence about the retirement…

  • By: Staff
  • March 18, 2022 March 18, 2022
  • 15:00

Top 5 HR, pension and benefits stories of the week

The announcement of a new multi-employer pension plan for Canadian physicians was the most read story over the past week on BenefitsCanada.com. Here are the five…

  • By: Staff
  • March 18, 2022 March 17, 2022
  • 09:01
Editorial

Editorial: Benefits, pension plans continue to feel the impact of the pandemic

This month marks the two-year anniversary of the World Health Organization declaring the coronavirus a global pandemic. In some ways, we’ve come a long way…

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73% of U.S. employees seeking additional financial wellness resources: survey

Three-quarters (73 per cent) of U.S. employees said their employer needs to offer more resources to help them manage their personal finances, according to a…

  • By: Staff
  • March 17, 2022 March 16, 2022
  • 09:00
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New multi-employer pension plan coming for incorporated physicians

A new multi-employer pension plan is being created for Canadian incorporated physicians. The Medicus Pension Plan, developed by MD Financial Management Inc. and Scotiabank, will…

  • By: Staff
  • March 14, 2022 March 14, 2022
  • 15:00

Canadians need $1.4M to retire comfortably at 65: report

The average 45-year-old Canadian employee earning $60,000 per year will need to accumulate $1.4 million in retirement savings by age 65 if they want to…

Top 5 HR, pension and benefits stories of the week

An article on British Columbia’s paramedics and their need for enhanced mental-health benefits was the most read story over the past week on BenefitsCanada.com. Here…

  • By: Staff
  • March 4, 2022 March 4, 2022
  • 09:00

Majority of U.S. retirees depleting retirement payouts from DC pensions: survey

A third (34 per cent) of U.S. retirees who took a lump sum from their defined contribution pension plan in retirement depleted that sum within…

  • By: Staff
  • March 3, 2022 February 28, 2022
  • 09:00
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Canadian pension plans overcoming legislation, governance challenges: webinar

Representatives from a few of Canada’s most progressive pension plans weighed in on topics ranging from plan design to the various challenges posed by legislation…

  • By: Blake Wolfe
  • February 28, 2022 February 28, 2022
  • 09:00

Survey finds RRSP knowledge on decline over past five years

While Canadians continue to use registered retirement savings plans for retirement planning, knowledge about RRSPs has declined over the past five years, according to a…

  • By: Staff
  • February 28, 2022 February 25, 2022
  • 09:00

How are investment fees impacting retirement readiness?

Higher investment fees in capital accumulation plans can potentially set an individual’s retirement date back by four years, according to Mercer’s latest retirement readiness barometer.…

  • By: Staff
  • February 25, 2022 February 24, 2022
  • 09:00