After nine months of uncertainty in the financial markets and with no end in sight to the coronavirus pandemic, more and more Canadian workers are worrying about life after retirement, according to a new survey by Manulife Investment Management. It found financial woes are taking a toll on workers, with a 16 per cent rise […]
Whether it’s battling the challenges of plan maturity, increasing longevity, the changing nature of work or difficult financial markets, these so-called golden handcuffs are looking pretty dented in some cases. But the 10 years following the great financial crisis wasn’t all bad. Many public pension plans, as well as affiliated administrators and investment managers, have […]
An Ontario group benefits advisor is calling on Canadian insurers to change a long-term disability practice that adversely affects employees at small companies. Dave Patriarche, president of Mainstay Insurance Brokerage Inc. and founder of the Canadian Group Insurance Brokers, is asking Canada’s major insurers to make a small administrative change that would ensure employees at […]
Three managing general agencies in the benefits, pension and investment industries are combining forces. The firms — Financial Horizons Group, headquartered in Kitchener, Ont.; Torce Financial Group Inc., based in the greater Toronto area; and Vance Financial Group Inc. from Vancouver — will join forces to build on the strengths of their operations and advisor networks, according to […]
Compared to the preceding years, 2019 appears to be the year of steady when it comes to progress on hot topics that resonated in the industry in 2017 and 2018. While no single topic has disappeared from the slate, neither have any new ones risen to become topics of urgency among consultants. “Last year, we […]
Even though millennials often get a bad rap for being frivolous, a new study from New Jersey-based fintech firm LendEDU found 58 per cent are saving for retirement — and with the time value of money on their side, they could be better prepared than some had previously thought. The survey found the average amount saved so […]
The industrial revolution has shaped the world, demonstrated by three dimensions: communications, energy and transportation, according to one futurist. However, the lifeblood of a new industrial revolution will be data, says Nikolas Badminton, futurist speaker, researcher and chief executive officer of Exponential Minds, noting all industries will be touched by the momentum this has created. “The signals of […]
Sizing up fees, performance and fiduciary issues.