Strong growth for stocks on Wall Street this year have helped juice gains for savers with retirement accounts. The average 401(k) plan balance stood at US$127,100 at the end of the second quarter, an increase of 13 per cent from the same period last year, according to data from Fidelity Investments drawn from 24 million […]
Just two-fifths (42 per cent) of U.S. employees say they feel highly confident they’re on track to save what they need in retirement, according to a new survey by LiveCareer. The survey, which polled more than 1,000 U.S. workers, found six in 10 said they fear retirement more than death (61 per cent) or the idea […]
A third (34 per cent) of U.S. employees aged 50 and older are phasing into retirement, according to a new survey by WTW. The survey, which polled 10,000 U.S. employees working at medium- and large-sized private sector companies, found among workers who are currently phasing into retirement, six in 10 (61 per cent) have reduced […]
Argentina’s Senate defied President Javier Milei to push through an increase to pension spending that would cost at least 0.4 per cent of the country’s gross domestic product, dealing a blow to his tough austerity program. The bill, which already swept through the lower house in June, passed the Senate in a 61-8 vote. All […]
A fifth (20 per cent) of U.S. workers aren’t currently saving for retirement, according to a new survey by Flexjobs. The survey, which polled more than 2,000 U.S workers, found nearly two-thirds (61 per cent) of men said they’ve been saving for retirement for a while, compared to 52 per cent of women. Across generations, […]
The average amount that U.S. adults have saved for retirement dropped slightly from US$89,300 in 2023 to $88,400 in 2024 and more than $10,000 from its five-year peak of $98,800 in 2021, according to a new survey by Northwestern Mutual Life Insurance Co. The survey, which polled more than 4,500 U.S. adults aged 18 or older, found a third […]
An article on why Canadian workers say job flexibility is key to satisfaction was the most-read story on BenefitsCanada.com this past week. Here are the top five human resources, benefits, pension and investment stories of the last week: 1. 70% of Canadian workers say flexibility key to job satisfaction: survey 2. Only a quarter of Canadian employees […]
Capital accumulation plan members continued to see an uptick in their plan outcome for the second quarter of 2024, as gross income replacement ratios remained at multi-year highs, according to a new report by Eckler Ltd. The consultancy’s latest CAP income tracker found a typical male member retiring at the end of June 2024 achieved […]
Alberta’s finance and treasury board warned against releasing the official results from a government survey evaluating the interest in a new potential pension plan, according to a report by the Edmonton Journal. The survey, launched on Sept. 21, 2023, coincided with the release of a report by LifeWorks Inc. (now part of Telus Health) that argued […]
An article on the nuances of Quebec’s pension laws was the most-read story on BenefitsCanada.com this past week. Here are the top five human resources, benefits, pension and investment stories of the last week: 1. What should employers know about Quebec’s pension legislation? 2. Ontario’s new regulations for publicly advertised jobs providing transparency for job-seekers: expert 3. Canadian […]