Canadians are often told they need to save more for retirement and to start saving sooner. Life expectancy is increasing and investment returns are low, so the cost of providing retirement income is much more than it used to be. Saving more seems like the prudent thing to do.
The Saskatchewan Pension Plan is turning to celebrities to teach financial literacy.
Small business owners in Quebec may want to bookmark Great-West Life’s new web portal for voluntary retirement savings plans (VRSPs).
In the simplest of terms, they all use discretionary investment managers to make financial decisions on their behalf. No one from the CPP has ever called you to find out how you’d like your contributions invested. Likewise for any DB plan member. Those retirement plans rely on portfolio managers to do that.
The Canadian Federation of Independent Businesses (CFIB) say one of the main reasons their members don’t offer a retirement savings vehicle is the cost burden.
Great-West Life has launched a new website, at vrsp-greatwestlife.com, to help Quebec businesses set up their company’s voluntary retirement savings plans (VRSPs), once legislation has passed. VRSPs are expected to be available Jan. 1, 2013.
One step forward, two steps back. That phrase seems to sum up 2011 for Canada’s Top 40 money managers. On the DB side, plan sponsors enjoyed improved returns but remain shackled as historic lows in interest rates exacerbate deficits.
Will Ottawa’s PRPP plans be enough to improve pension coverage across Canada? Click here to download the report Is Canada finally facing the reality that meaningful pension reform can no longer be delayed? At first blush, it would appear so. Last December, federal Finance Minister Jim Flaherty met with provincial ounterparts in Victoria to forge […]
During this period of reform, there’s been a lot of discussion about how to improve pension coverage across Canada, and how to keep the current system sustainable.
Is Canada finally facing the reality that meaningful pension reform can no longer be delayed?