delayed retirement – Benefits Canada.com https://www.benefitscanada.com Canada's most influential pension and benefits publication for decision-makers Thu, 21 Nov 2024 16:43:00 +0000 en-US hourly 1 https://wordpress.org/?v=4.9.8 Half of Canadian employees behind in retirement savings: survey https://www.benefitscanada.com/pensions/retirement/half-of-canadian-employees-behind-in-retirement-savings-survey/ Mon, 28 Oct 2024 19:00:47 +0000 https://www.benefitscanada.com/?p=161901 Half (51 per cent) of Canadian employees say they’re behind in their retirement savings and 34 per cent are worried about not having enough money saved when they retire, according to a new survey by Manulife Financial Corp. The survey, which polled more than 1,500 employees and more than 500 retirees, found generation X (35 […]

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]]> 2024 CAP Member Survey: How CAPs are supporting employee financial wellness amid growing economic uncertainty https://www.benefitscanada.com/archives_/benefits-canada-archive/2024-cap-member-survey-how-caps-are-supporting-employee-financial-wellness-amid-growing-economic-uncertainty/ Fri, 13 Sep 2024 12:56:03 +0000 https://www.benefitscanada.com/?p=159902 From 2016 to 2024, fewer plan members are confident they’ve saved enough for retirement. Indeed, Benefits Canada’s 2024 CAP Member Survey found plan members’ optimism that their retirement is on track declined to 56 per cent from 63 per cent in 2022, while three-quarters (73 per cent) said they’re worried they won’t have enough saved […]

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]]> Top 5 HR, benefits, pension and investment stories of the week https://www.benefitscanada.com/news/bencan/top-5-hr-benefits-pension-and-investment-stories-of-the-week-94/ Fri, 09 Aug 2024 13:00:03 +0000 https://www.benefitscanada.com/?p=159060 An article on the nuances of Quebec’s pension laws was the most-read story on BenefitsCanada.com this past week. Here are the top five human resources, benefits, pension and investment stories of the last week: 1. What should employers know about Quebec’s pension legislation? 2. Ontario’s new regulations for publicly advertised jobs providing transparency for job-seekers: expert 3. Canadian […]

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]]> How employers can support working grandparents’ financial wellness, retirement readiness https://www.benefitscanada.com/benefits/health-wellness/survey-finds-working-retired-canadian-grandparents-risking-financial-future-to-support-family/ Fri, 09 Aug 2024 13:00:03 +0000 https://www.benefitscanada.com/?p=159070 Working grandparents who are providing financial support to children and/or grandchildren are risking their own plans for retirement, says Craig Bannon, director of financial planning centre of expertise at the Royal Bank of Canada. “[They might need to] delay their retirement to extend their earning years or continue to work on a part-time basis in […]

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]]> 51% of U.S. pre-retirees, retirees delaying retirement, returning to the workforce: survey https://www.benefitscanada.com/news/51-of-u-s-pre-retirees-retirees-delaying-retirement-returning-to-the-workforce-survey/ Mon, 05 Aug 2024 13:00:18 +0000 https://www.benefitscanada.com/?p=158822 Half (51 per cent) of U.S. pre-retirees and retirees say they’re considering either delaying or coming out of retirement, according to a new survey from F&G Annuities & Life Inc. The survey, which polled more than 2,000 adults aged 50 and older and who have more than US$100,000 in financial products/savings, found among respondents who […]

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]]> 59% of Canadians with a workplace pension plan feel prepared for retirement: survey https://www.benefitscanada.com/pensions/retirement/59-of-canadians-with-a-workplace-pension-plan-feel-prepared-for-retirement-survey/ Wed, 26 Jun 2024 19:00:48 +0000 https://www.benefitscanada.com/?p=157468 Six in 10 (59 per cent) Canadians with an employer-sponsored pension plan say they feel somewhat or very well prepared for retirement, compared to only 34 per cent of respondents without a workplace pension plan, according to a new survey by the Healthcare of Ontario Pension Plan. The survey, which polled 2,000 Canadian employees, found fewer than […]

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]]> 2024 Global Investment Conference: A look at evolving retirement trends https://www.benefitscanada.com/canadian-investment-review/post-event-coverage/2024-global-investment-conference-a-look-at-evolving-retirement-trends/ Mon, 10 Jun 2024 11:49:40 +0000 https://www.benefitscanada.com/?p=156217 During a panel discussion at the Canadian Investment Review’s 2024 Global Investment Conference in April, three pension plan sponsors shared their perspective on plan design and the changing patterns for employees close to retirement. Nearly a decade ago, Via Rail Canada Inc. began allowing payments of lump sums to individuals up to age 65 to […]

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]]> Just a third of U.K pension plan members feel they’ve saved enough to retire: survey https://www.benefitscanada.com/pensions/retirement/just-a-third-of-u-k-pension-plan-members-feel-theyve-saved-enough-to-retire-survey/ Fri, 26 Apr 2024 13:00:11 +0000 https://www.benefitscanada.com/?p=154722 Only a third (31 per cent) of U.K. pension plan members say they have sufficient retirement savings, down slightly from 32 per cent in 2022, according to a survey by Trafalgar House. The survey, which polled 2,000 adults, found 48 per cent believe they’ve saved much less than they need, up from 45 per cent. […]

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]]> 47% of U.S. millennials are moderately confident they’ll save enough for retirement: survey https://www.benefitscanada.com/pensions/retirement/47-of-u-s-millennials-are-moderately-confident-theyll-save-enough-for-retirement-survey/ Tue, 09 Apr 2024 13:00:14 +0000 https://www.benefitscanada.com/?p=153983 Nearly half (47 per cent) of U.S. millennials are moderately confident in their ability to accumulate enough retirement savings, according to a new survey by software company Iralogix Inc. The survey, which polled more than 500 workers between the ages of 28 and 43, found 29 per cent said they have no confidence in their […]

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]]> Canadians with rent, mortgage payments delaying retirement savings amid rising cost of living: survey https://www.benefitscanada.com/pensions/retirement/canadians-with-rent-mortgage-payments-delaying-retirement-savings-amid-rising-cost-of-living-survey/ Fri, 15 Mar 2024 13:00:05 +0000 https://www.benefitscanada.com/?p=153106 Canadian employees who rent or who have mortgage payments are managing economic pressures — like high interest rates and the rising cost of living — by putting off saving for retirement, according to a new survey by Co‑operators Financial Services Ltd. The survey, which polled 1,500 Canadian employees, found 77 per cent of renters said they […]

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