In order to avoid the looming skills crisis in Canada, employers should consider retaining, rather than replacing, older workers. That’s the argument put forth by the Canadian Chamber of Commerce in their discussion paper, Incenting Seniors to Continue Working.
David Nish took the reins as CEO of Standard Life PLC in January 2010. We spoke to him recently about what he has focused on in his first two years in the role.
I got into this industry, as most people do, by accident,” admits Toronto-based Keith Ambachtsheer, who today is well known for his ideas on pension governance and how to reform the system.
In recent years, a number of U.S. employers have been rehiring their retirees to fill scheduling gaps. In theory, employers benefit from retaining experienced workers, while retirees benefit from remaining active and supplementing their income. Although market conditions are very different in the U.S., should Canadian employers consider following this lead?
Morneau Shepell has developed a pension risk index to illustrate the potential impact of pension plans on an organization’s financial results.
Employees under age 35 are likely to be more dependent on DC plans for their retirement savings than previous generations—but less attention is being paid to them than on their boomer counterparts, according to a U.S.-based study by Northern Trust.
Like most western countries, the level of pension savings in Canada is a major issue for the government, and increased life longevity is driving concerns about how Canada can provide for its senior citizens in the future.
Watch this video With DC plans, there’s no guarantee that members will end up with a sufficient retirement income at the end, warns Michelle Loder, Canadian DC business leader with Towers Watson Canada Inc. However, monitoring the plan’s performance—not necessarily based on a retirement benefit adequacy promise but rather on how plan members will fare […]
Retirement planning will remain a major issue for workers of Quebec-based small and medium-sized enterprises (SMEs) that don’t offer pension plans. According to the latest SME Confidence Index—Fonds de solidarité FTQ, 54% of Quebec SMEs do not offer pension plans or other forms of contribution to employees’ retirement plans. What is especially striking is that […]
Towers Watson has released its first DC Retirement Age Index—and the results don’t look good. While falling equity markets and declining interest rates have presented a “double whammy” for DB plans, the index shows there’s also been an unexpected, significant impact on DC and RRSP plan members, says Michelle Loder, Canadian DC business leader at […]