Latest news in Retirement

Sounding Board: Millennials’ tendency to invest like Grandpa a challenge for financial industry

Sounding Board: Millennials’ tendency to invest like Grandpa a challenge for financial industry

Canada’s digitally savvy millennials are the most educated, culturally-diverse generation to come along. But like their grandparents, they fear market volatility and often prefer to…

  • By: Lori Landry
  • September 20, 2016 September 13, 2019
  • 09:18
56% of Canadians over 50 don’t have a retirement savings plan: survey

56% of Canadians over 50 don’t have a retirement savings plan: survey

More than half (56 per cent) of Canadian pre-retirees aged 50 or older don’t have a retirement savings plan, according to research commissioned by the…

  • By: Staff
  • September 12, 2016 September 13, 2019
  • 09:16
Top 50 DC Plans Report: A look at the latest governance trends

Top 50 DC Plans Report: A look at the latest governance trends

With the provision of defined benefit pensions on the decline and the subsequent growth in defined contribution plans, Canada’s retirement savings landscape is in a…

Baby boomers value retirement planning tech almost as much as millennials: survey

Baby boomers value retirement planning tech almost as much as millennials: survey

Baby boomers are almost as likely as millennials to find online apps and tools useful for managing retirement savings, according to a survey by Willis Towers Watson.…

  • By: Staff
  • August 25, 2016 September 13, 2019
  • 10:44
Have your say: Was the decision to revert OAS eligibility to age 65 a good move?

Have your say: Was the decision to revert OAS eligibility to age 65 a good move?

Was the government’s decision to restore eligibility for old-age security to age 65 the correct choice? Tabled in March, the federal budget cancelled provisions in…

  • By: Staff
  • August 22, 2016 September 13, 2019
  • 14:34
CPP deal offers reprieve for group RRSPs

CPP deal offers reprieve for group RRSPs

Group registered retirement savings plans were in the hot seat when the Ontario government declared they wouldn’t be comparable for the purposes of the Ontario…

Investment association asks Ottawa for retirement reform

Investment association asks Ottawa for retirement reform

Most financial professionals — not to mention the government — are still working through the changes announced in the 2016 federal budget, but the Investment…

  • By: Staff
  • August 8, 2016 September 13, 2019
  • 10:00
CLHIA rolls out new resource for people nearing retirement

CLHIA rolls out new resource for people nearing retirement

The Canadian Life and Health Insurance Association is introducing a new online resource for people nearing retirement. The association launched Retiring Soon? this week after its financial literacy committee noted…

75-year-old retiree finds ‘real joy’ in returning to Sun Life as an intern

75-year-old retiree finds ‘real joy’ in returning to Sun Life as an intern

Robert De Niro may have changed the way Sun Life Financial Inc. looks at its intern program. “One rainy day a few months ago, I…

Have your say: Were the ORPP costs reasonable?

Have your say: Were the ORPP costs reasonable?

Do you agree with Ontario spending $70 million on the now-abandoned Ontario Retirement Pension Plan? Last week, the provincial government released the costs for the…

  • By: Staff
  • August 2, 2016 September 13, 2019
  • 11:06
How can employers prepare for the CPP expansion?

How can employers prepare for the CPP expansion?

Employers should start reviewing their current retirement plans to prepare for the 2019 expansion of the Canada Pension Plan, according to a Willis Towers Watson…

  • By: Staff
  • July 29, 2016 September 13, 2019
  • 09:00
Plan sponsors concerned with staff’s retirement readiness: survey

Plan sponsors concerned with staff’s retirement readiness: survey

More and more employers are worried about their staff members’ financial health, according to a Willis Towers Watson survey. Among the 122 Canadian employers polled, 58…

  • By: Staff
  • July 21, 2016 September 13, 2019
  • 10:42
Survey ranks Canada 10th for retirement security

Survey ranks Canada 10th for retirement security

Canada ranks 10th in a list of countries that provide the best retirement security, according to the latest global retirement index published today by Natixis…

  • By: Jann Lee
  • July 19, 2016 September 13, 2019
  • 09:00
CPP expansion will do little to boost rate of return: report

CPP expansion will do little to boost rate of return: report

The expanded Canadian Pension Plan will bring only a slightly higher rate of return for retirees — 2.5 per cent in the expanded plan compared…

  • By: Jann Lee
  • July 14, 2016 September 13, 2019
  • 11:58
Almost half of working-age Canadians not saving for retirement: report

Almost half of working-age Canadians not saving for retirement: report

Nearly half (48 per cent) of working-age Canadians are not saving for retirement, according to a global report by HSBC. The report, which surveyed more…

  • By: Staff
  • July 13, 2016 September 13, 2019
  • 10:36
Starbucks increases health benefits, stock plan and pay for U.S. employees

Starbucks increases health benefits, stock plan and pay for U.S. employees

Starbucks is launching an online health benefits platform, doubling its annual stock award program and raising base pay by at least five per cent for…

Women 80% more likely to be in poverty after retiring than men: study

Women 80% more likely to be in poverty after retiring than men: study

The average income for American women age 65 and older is 25 per cent lower than for American men in the same age group, according…

  • By: Staff
  • July 13, 2016 September 13, 2019
  • 08:36
Growth in life expectancy slows for OAS beneficiaries, study finds

Growth in life expectancy slows for OAS beneficiaries, study finds

The growth in life expectancy for beneficiaries of Canada’s old age security program declined slightly in recent years in comparison to the rates of the…

  • By: Jann Lee
  • July 7, 2016 September 13, 2019
  • 09:00

Most Canadian workers would leave job for better retirement support: survey

Seventy-seven per cent of Canadian employees would leave their jobs for better retirement support, according to new research by ADP Canada. The survey, which polled…

  • By: Staff
  • July 7, 2016 September 13, 2019
  • 08:37
Manitoba wants CPP deal to go even further

Manitoba wants CPP deal to go even further

Manitoba has proposed a series of enhancements to the Canada Pension Plan agreement that it believes would make the CPP “more responsive to the realities…

  • By: Staff
  • June 28, 2016 September 13, 2019
  • 08:27
Pension association asks CRA for help locating pensioners

Pension association asks CRA for help locating pensioners

The Association of Canadian Pension Management has submitted a letter to the Canada Revenue Agency asking for help to locate missing pension plan members. Specifically,…

  • By: Staff
  • June 27, 2016 September 13, 2019
  • 09:16
Have your say: Do you like the new CPP deal?

Have your say: Do you like the new CPP deal?

Critics say premium increases will hurt businesses, paycheques and the economy. Proponents say Canada Pension Plan enhancement will provide a needed and affordable boost to…

  • By: Staff
  • June 23, 2016 September 13, 2019
  • 16:50
Feds confirm $250M price tag for CPP deal as premium details released

Feds confirm $250M price tag for CPP deal as premium details released

Expanding the working income tax benefit to offset increased Canada Pension Plan premiums for low-income workers will cost the federal government $250 million per year,…

  • By: Staff
  • June 23, 2016 September 13, 2019
  • 10:59
U.S. men save more for retirement than women: study

U.S. men save more for retirement than women: study

American men outpace women when it comes to retirement readiness, a study by Aon Hewitt study found. As a result, they’ll be able to retire…

  • By: Staff
  • June 22, 2016 September 13, 2019
  • 09:00
A look at Canada’s financial literacy strategy

A look at Canada’s financial literacy strategy

The focus on financial literacy took an upswing in 2014 when Canada’s first financial literacy leader, Jane Rooney, met with stakeholders and held consultations across…