retirement planning – Benefits Canada.com https://www.benefitscanada.com Canada's most influential pension and benefits publication for decision-makers Mon, 15 Jul 2024 20:34:28 +0000 en-US hourly 1 https://wordpress.org/?v=4.9.8 Mental-health claims by Canadians up 132% since pandemic: report https://www.benefitscanada.com/benefits/health-benefits/mental-health-claims-by-canadians-up-132-since-pandemic-report/ Thu, 27 Jun 2024 19:00:57 +0000 https://www.benefitscanada.com/?p=157536 Mental-health claims by Canadians have increased by 132 per cent since the onset of the coronavirus pandemic, according to a new report by GreenShield. The report, which compiled data from the insurer’s claims database between 2020 to 2023, found women and younger generations account for the majority of mental-health services accessed. Among those accessing mental-health services, stress […]

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]]> 2024 Top 100 Pension Funds report: Employees’ financial wellness moving up the agenda for pension plan sponsors https://www.benefitscanada.com/archives_/benefits-canada-archive/2024-top-100-pension-funds-report-employees-financial-wellness-moving-up-the-agenda-for-pension-plan-sponsors/ Fri, 21 Jun 2024 12:55:32 +0000 https://www.benefitscanada.com/?p=157051 When Phillip Kotanidis took over as chief human resources officer at Toronto’s Michael Garron Hospital in 2018, the financial well-being of staff wasn’t exactly high on his agenda. In such a fast-paced and potentially stressful workplace, money matters naturally took a backseat to the physical and mental health of the hospital’s staff, who are members […]

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]]> How DC plan sponsors can take the guesswork out of retirement planning https://www.benefitscanada.com/events/conference-coverage/how-dc-plan-sponsors-can-take-the-guesswork-out-of-retirement-planning/ Fri, 10 May 2024 11:49:46 +0000 https://www.benefitscanada.com/?p=154841 Technology plays an increasingly important role as defined contribution pension plan sponsors seek to deploy decumulation support and retirement advice at scale, said Jean-Michel Lavoie, vice-president of strategy and market development for group retirement services at Sun Life Financial Inc. (pictured right), during a session at Benefits Canada’s 2024 DC Plan Summit in February. The […]

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]]> Hub International acquiring London, Ont.-based Zavitz Insurance https://www.benefitscanada.com/news/bencan/hub-international-acquiring-london-ont-based-zavitz-insurance/ Wed, 13 Mar 2024 19:00:21 +0000 https://www.benefitscanada.com/?p=152982 Hub International Ltd. is acquiring London, Ont.-based Zavitz Insurance & Wealth Inc. Zavitz Insurance provides group employee benefits, living benefits, life insurance services and financial and retirement planning. The organization is the latest acquisition by Hub over the last few years. Read: Hub International acquiring Oakville, Ont.-based Mitchell Sandham Last month, Hub acquired Oakville, Ont.-based Mitchell […]

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]]> Just 69% of Canadians confident in their retirement prospects: survey https://www.benefitscanada.com/pensions/retirement/just-69-of-canadians-confident-in-their-retirement-prospects-survey/ Mon, 29 Jan 2024 14:00:49 +0000 https://www.benefitscanada.com/?p=151228 While the vast majority (91 per cent) of Canadian workers say they’re saving for retirement, just 69 per cent are confident they’re saving enough, according to a survey by LIMRA. The survey, which polled more than 1,500 retirees and employees aged 40 to 85 years old with at least $100,000 in household investable assets, found fewer […]

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]]> My Take: More financial literacy needed to help employees achieve retirement goals https://www.benefitscanada.com/pensions/retirement/my-take-more-financial-literacy-needed-to-help-employees-achieve-retirement-goals/ Wed, 17 Jan 2024 14:00:06 +0000 https://www.benefitscanada.com/?p=150699 The skyrocketing cost of living has created increased need for employees to receive additional financial well-being information to meet their retirement savings goals. It’s increasingly difficult for most Canadians to put aside any savings above their monthly expenses, thanks in large part to the squeeze from high inflation and the effects of increased interest rates […]

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]]> Gap persists between DC plan sponsor, member views on retirement readiness: survey https://www.benefitscanada.com/pensions/retirement/gap-persists-between-dc-plan-sponsor-member-views-on-retirement-readiness-survey/ Mon, 11 Dec 2023 20:00:03 +0000 https://www.benefitscanada.com/?p=148686 While the majority (87 per cent) of defined contribution pension plan sponsors feel their members are somewhat or very prepared for retirement, only 63 per cent of members feel the same way, according to a new survey by Voya Investment Management. The survey, which polled 305 U.S. DC plan sponsors, 205 plan specialists and 500 […]

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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-64/ Fri, 08 Dec 2023 14:00:06 +0000 https://www.benefitscanada.com/?p=148547 An article on how Ontario’s proposed pay transparency legislation will impact employers was the most-read story on BenefitsCanada.com over the last week. Here are the five most popular news stories of the week: 1. How Ontario pay transparency legislation will impact employers 2. Expert panel: How interest rates impact DB pension plans 3. How employers can shift younger workers’ ‘soft saving’ […]

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]]> How employers can shift younger workers’ ‘soft saving’ mentality to focus on retirement planning https://www.benefitscanada.com/pensions/retirement/how-employers-can-shift-younger-workers-soft-saving-mentality-to-focus-on-retirement-planning/ Wed, 06 Dec 2023 14:00:12 +0000 https://www.benefitscanada.com/?p=148152 Discouraged with the state of the current economy, more and more younger workers are abandoning saving for retirement and focusing on ‘soft saving.’ Soft saving is when employees, many of whom started their careers later than previous generations, decide to take a more laid-back approach to saving for the future, rather than adopt the FIRE concept — […]

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]]> Survey finds just 14% of near-retirees say they can retire with confidence https://www.benefitscanada.com/pensions/retirement/survey-finds-just-14-per-cent-of-near-retirees-say-they-can-retire-with-confidence/ Wed, 29 Nov 2023 14:00:35 +0000 https://www.benefitscanada.com/?p=147826 Just 14 per cent of near-retirees say they can retire with confidence and only five per cent say they’ve sought financial advice from their employer, according to a new survey by Deloitte. A third (31 per cent) of near-retirees said they’ll need to rely on the Canada Pension Plan or Quebec Pension Plan to sustain their […]

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