drawdown – Benefits Canada.com

Quebec’s amendment to unlocking rule for VBAs, LIFs providing retirees 55+ with financial flexibility: expert

lbailey — Fri, 09 Feb 2024 14:00:14 +0000

The Quebec government’s removal of the maximum annual amount that can be paid to people aged 55 and older with a variable benefit account tied to a defined contribution pension plan or with a life income fund is part of a broader push to provide retirees with more flexibility to draw on their locked-in retirement savings […]

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Half of Canadian retirees receiving less than $50K per year from employer-sponsored pension plan: survey

lbailey — Tue, 16 Jan 2024 20:00:48 +0000

More than half (53 per cent) of Canadian retirees say they’re receiving, or will receive, less than $50,000 in annual retirement income from their employer-sponsored pension plan, according to a survey by the Ontario Securities Commission. It found just 19 per cent of retirees with employer-sponsored pension plans said they expect to receive between $50,000 […]

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Report finds retirees with DB pension plans draw down savings slower than those with DC plans

lbailey — Tue, 31 May 2022 13:00:20 +0000

Retirees with defined benefit pension plans are less likely to draw down their savings to cover their spending than those with a defined contribution plan, according to a new report by the University of Michigan. It found while most employees born between 1920 and 1940 had access to a DB plan, this percentage dropped dramatically […]

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2021 GIC coverage: How institutional investors can use fixed income amid low yields

bwolfe — Tue, 09 Nov 2021 11:55:31 +0000

Despite the low-yield environment, fixed income continues to play an important role for institutional investors looking to make their portfolios work harder in a risk-controlled fashion, said Jeffrey Moore, a portfolio manager at Fidelity Investments Inc., during a session at the Canadian Investment Review’s 2021 Global Investment Conference. “For the bond market to hurt, there needs […]

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Trends in Emerging Markets, From ETFs to Trump

mschmit — Tue, 13 Jun 2017 09:24:45 +0000

Fidelity’s Alex Duffy on opportunities in emerging markets.

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