long-term savings options – Benefits Canada.com

Majority of low to moderate income workers would invest in long-term savings plans with incentives: survey

lbailey — Tue, 23 Aug 2022 13:00:12 +0000

The vast majority (90 per cent) of low to moderate income workers say they’d open a long-term savings account if they were offered incentives, according to a new survey by the Defined Contribution Institutional Investment Association and non-profit organization Commonwealth. The survey, which polled nearly 1,000 employees living on low to moderate incomes, found most respondents […]

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Sun Life selling U.K. pension and annuities business

lbailey — Fri, 05 Aug 2022 13:00:03 +0000

Sun Life Financial Inc. is selling its U.K. pension and annuities business. The company has entered an agreement to sell SLF of Canada U.K. Ltd. to U.K.-based long-term savings and retirement business Phoenix Group Holdings for a closing price of $385 million. Sun Life will retain its economic interest in Sun Life U.K.’s payout annuities […]

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Head to Head: Should the U.S. ESOP structure be brought to Canada?

lbailey — Fri, 18 Mar 2022 12:59:20 +0000

Canadian employers should consider the pros and cons of employee share ownership plans on both sides of the border. Loren Rodgers, executive director of the National Center for Employee Ownership (pictured left) Canada should maintain the current paths by which companies are creating employee ownership, but it should also create a new vehicle that draws […]

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2021 CAP Suppliers Report: Helping employees plan for retirement while saving for a rainy day

lbailey — Fri, 17 Dec 2021 13:56:27 +0000

As the coronavirus pandemic sent the global economy into a tailspin, many Canadians grew increasingly concerned about whether they’d amassed enough savings to weather the financial storm. “We’ve heard the narrative that Canadians are saving like they’ve never saved before,” says Elizabeth Mulholland, chief executive officer of Prosper Canada. “The reality is, when you look […]

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Toronto’s Juno College planning to move to 100% employee-ownership model

lbailey — Mon, 13 Dec 2021 14:00:35 +0000

Juno College is planning to move to a 100 per cent employee-ownership model. The Toronto-based college, formerly known as Hacker U, was established by Heather Payne (pictured) nearly 10 years ago to transition workers into careers in the technology sector. Over the next decade, the school will focus on repaying the college’s investors and becoming a […]

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