Latest news in Retirement

Nav Canada, Unifor reach agreement with early retirement option, pay rise

Nav Canada, Unifor reach agreement with early retirement option, pay rise

Nav Canada’s air navigation specialists are receiving a new end-of-career leave program and a three per cent wage increase in their new collective agreement. The…

A look at how five DC plan members are approaching decumulation

A look at how five DC plan members are approaching decumulation

Sometimes, the best way to explore the unknown is by following in the footsteps of someone who’s been there first. When it comes to in-plan…

Q&A with IBM Canada’s Katherine Faichnie

IBM Canada Ltd.’s director of HR talks data and analytics, holistic employee health and playing the piano Q. What top challenges do you face in…

80% of U.S. employers set to have financial wellness program by 2023: survey

80% of U.S. employers set to have financial wellness program by 2023: survey

While fewer than half (42 per cent) of U.S. employers are currently offering financial wellness programs, that number is set to almost double to 80 per…

  • By: Staff
  • March 12, 2020 November 11, 2020
  • 15:30
How can plan sponsors help pension members during volatile times?

How can plan sponsors help pension members during volatile times?

Once again, we’re experiencing volatile markets. During these times, it’s common to hear the following statements: It isn’t time to panic. This has happened before. Make sure the…

  • March 10, 2020 November 30, 2020
  • 08:30
Retirement age rising for millennials, gen X and boomers: report

Retirement age rising for millennials, gen X and boomers: report

Freedom 55? It’s looking more like Freedom 70 for some Canadians, but there are strategies that working baby boomers, generation Xers and millennials can employ…

  • By: Staff
  • February 25, 2020 November 30, 2020
  • 09:15
Canadian law firms to join CAAT’s DBPlus pension plan

Canadian law firms to join CAAT’s DBPlus pension plan

Lawyers Financial has inked a deal with the Colleges of Applied Arts and Technology pension plan to offer law firms the chance to join the CAAT’s DBplus. The…

  • By: Staff
  • February 24, 2020 November 12, 2020
  • 09:15
Majority of millennial workers in DC pension plans: report

Majority of millennial workers in DC pension plans: report

As millennials enter their prime working years many are actively saving for their retirements, according to a new report by Wells Fargo Institutional Retirement and Trust.…

  • By: Staff
  • February 21, 2020 November 30, 2020
  • 08:45
Canadian women confident about retirement finances: poll

Canadian women confident about retirement finances: poll

The majority (seven in 10) of Canadian women age 45 and older said they feel confident they’ll be able to afford the lifestyle they want…

  • By: Staff
  • February 20, 2020 November 12, 2020
  • 09:15
Do workers delaying retirement feel financially trapped?

Do workers delaying retirement feel financially trapped?

Should I stay or should I go? That’s the question employees are asking regarding their retirement, but they’re getting mixed answers from their employers. In…

  • By: Staff
  • February 14, 2020 November 30, 2020
  • 09:05
A look at one of Canada’s oldest multi-employer target-benefit plans

A look at one of Canada’s oldest multi-employer target-benefit plans

Jim Flynn, a trustee of the Nursing Homes and Related Industries Pension Plan and a former assistant regional director of the Canadian Union of Public…

Are elements of U.S. pension reform worthy of Canadian consideration?

Are elements of U.S. pension reform worthy of Canadian consideration?

The first major reform to the U.S. retirement system in a decade, the Setting Every Community Up for Retirement Enhancement Act, contains provisions that could…

Canadians concerned about retirement readiness: surveys

Canadian workers don’t think they’ll have enough savings for their retirement, according to two new surveys. While 68 per cent of respondents said they’re currently saving…

  • By: Staff
  • February 12, 2020 February 16, 2022
  • 15:15
CPP enhancements good start, but more needed to ensure retirement readiness: report

CPP enhancements good start, but more needed to ensure retirement readiness: report

The Canada Pension Plan enhancements are a strong start but the country needs to do more to help people prepare for retirement, according to a…

  • By: Staff
  • February 12, 2020 November 30, 2020
  • 09:30
Most Canadians unsure how much money they’ll need for retirement: survey

Most Canadians unsure how much money they’ll need for retirement: survey

While Canadians said they plan to retire, on average, at age 62, 59 per cent said they can’t estimate how much money they’ll need to…

  • By: Staff
  • February 7, 2020 November 30, 2020
  • 15:15
Changes to Canadians’ life expectancy could have small effect on pension liabilities

Changes to Canadians’ life expectancy could have small effect on pension liabilities

Life expectancy at age 65 has marginally increased for Canadian men while remaining stable for Canadian women, according to new data from Statistics Canada. It…

High-cost drug strategy, flexible annuities in CLHIA wish list for federal budget

High-cost drug strategy, flexible annuities in CLHIA wish list for federal budget

The Canadian Life and Health Insurance Association is asking the federal government to develop a strategy for access to high-cost drugs and to make flexible annuity options available for…

  • By: Staff
  • February 6, 2020 November 30, 2020
  • 08:30
Hub acquiring Edmonton benefits, retirement consultancy

Hub acquiring Edmonton benefits, retirement consultancy

Hub International Ltd. is acquiring Edmonton-based employee benefits and retirement consulting firm Benefex Consulting Inc. Benefex specializes in group insurance programs, retirement, wellness solutions and special…

  • By: Staff
  • February 4, 2020 November 12, 2020
  • 15:20
CLHIA calling for pension innovation, access to cheaper drugs in provincial budgets

CLHIA calling for pension innovation, access to cheaper drugs in provincial budgets

The Canadian Life and Health Insurance Association is highlighting new retirement savings options and access to cheaper drugs in its priorities for the Quebec and Newfoundland…

  • By: Staff
  • February 4, 2020 November 30, 2020
  • 09:00
CUPE NL rejects proposed agreement over pension concessions

CUPE NL rejects proposed agreement over pension concessions

The union representing 3,700 public sector employees in Newfoundland and Labrador are rejecting a proposed collective agreement from the provincial government, saying it includes unacceptable…

CARP sets out wish list for DB pension protections in 2020 budget submission

CARP sets out wish list for DB pension protections in 2020 budget submission

CARP is highlighting the need for further protections for defined benefit pensions in its 2020 Ontario budget priorities. The submission noted CARP, formerly the Canadian Association…

  • By: Staff
  • January 30, 2020 November 30, 2020
  • 09:00

A quarter of Canadians unaware of difference between RRSPs, TFSAs: survey

While more than half of Canadians agreed tax-free savings accounts (59 per cent) and registered retirement savings plans (57 per cent) are a crucial part…

  • By: Staff
  • January 29, 2020 December 10, 2021
  • 15:00

Variable benefits in DC pension plans now allowed in Ontario

Defined contribution pension plans in Ontario can now offer variable benefits to their plan members. The provincial government passed a series of regulations under the…

Survey finds half of Canadian pre-retirees plan to work in retirement

Survey finds half of Canadian pre-retirees plan to work in retirement

Half (50 per cent) of pre-retirees said they plan to work in retirement but only 11 per cent of retirees reported they actually had returned…

  • By: Staff
  • January 20, 2020 November 12, 2020
  • 08:45
Proposed Alberta Pension Plan has underwriting, political risks: report

Proposed Alberta Pension Plan has underwriting, political risks: report

A potential Alberta Pension Plan would expose Albertans to material underwriting risks and the potential for political involvement in decisions about the plan’s investment policy,…

  • By: Staff
  • January 13, 2020 November 30, 2020
  • 09:15