Stress related to financial well-being has a major impact on the workforce, according to a new report by Arthur J. Gallagher and Co. With Canadians loaded down by major debt and with many lacking proper retirement savings, employees are more likely to be distracted at work and older workers are more likely to stay in the workplace for longer because […]
Longer living Canadians should have the option of pure longevity insurance and the government should facilitate Canadian insurers’ ability to offer it, according to a new report from the C.D. Howe Institute. As baby boomers are hurtling towards retirement, and many have been saving in capital accumulation plans, government policies should focus on how to effectively draw down those […]
The escalating cost of drugs and benefits plans are among the top priorities for Canadian employers, according to a new survey by Aon. The survey, which polled nearly 200 Canadian plan sponsors about their priorities related to group benefits and their workforces, found rising drug costs, in general, escalating specialty drug prices, in particular, and the increasing cost of extended health are the […]
Mercer is making some changes to its executive suite, with two newly created global roles. Martine Ferland, the company’s former president of Europe and Pacific and co-president of global health, is now group president. In the new role, Ferland’s focus will be driving global growth, with Mercer’s Canadian and U.S. presidents reporting to her. With more than 30 years of […]
Canada rose two spots to No. 9 among 43 countries in Natixis Investment Managers’ 2018 global retirement index. The modest rise in Canada’s ranking is attributed to improving economic conditions and environmental factors, according to the report, which also points to several factors — low interest rates, growing levels of public debt, aging populations and […]
Nearly half (46 per cent) of Canadian employees said financial stress is impacting their workplace performance, according to a new survey by the Canadian Payroll Association. The survey also found that Canadian employees are more concerned with work-life balance (33 per cent) than they are with earning higher wages (26 per cent). This is especially true of […]
While 71 per cent of American employers said they’re confident their employees will have a financially secure retirement, just 62 per cent of employees said the same, according to a survey by the Transamerica Center for Retirement Studies. The survey, which queried more than 1,800 employers and more than 6,000 employees in the United States, found 82 per cent of employer respondents […]
Three years ago, the Alberta Pensions Services Corp. was facing a bitter fact. Though one of our key corporate goals is to begin paying benefits within 30 days of plan members completing their retirement application, we were reaching this goal for barely one of every four retirees. This was a significant issue. APS administers the […]
While Canadians’ increasing longevity has been a growing issue for pension plans and providers alike, its effect on quality of living can vary significantly across income brackets, according to new research by the C.D. Howe Institute. Since 1965, both men and women in Canada have been living longer after the age of 50, the report noted. Men […]
The Common Good Retirement Initiative is seeking feedback on the design of a collective retirement plan for Canadian employees in the non-profit and charitable sector. The initiative, which was announced at the end of May 2018 by retirement firm Common Wealth, was initially described as nationally portable, affordable and flexible. Common Wealth intends to have 50 employers committed to the […]