The University of Victoria Students’ Society is the first Vancouver Island employer to join the Colleges of Applied Arts and Technology pension plan’s DBplus. By joining the plan, permanent employees at the UVSS represented by the United Steelworkers will have access to a pension with early retirement options, survivor benefits and inflation protection, noted a […]
Canada drops to No. 10 among developed nations for retiree well-being after spending two years in a row at No. 8, according to Natixis Investment Managers’ annual global retirement index. The index, which provides an overview of the relative well-being and financial security of retirees in 44 countries, examined several factors, including whether a country […]
Preparing financially for retirement is a marathon filled with many obstacles along the way to a constantly shifting finish line. Even in 2021, female employees tend to have more obstacles and subsequently lag well behind their male counterparts when it comes to retirement savings. Women retire 30 per cent less wealthy than men, according to […]
Like many other countries around the world, Poland’s aging population is increasingly highlighting the topic of retirement savings. “Each year, the number of pensioners increase while the fertility rate decreases,” says Sebastian Ludwin, a Poland-based pension projects leader and business development manager at Aon. “On top of that, the public pension replacement rate also decreases […]
On the eve of her retirement after more than 30 years in the pension industry, the SPP’s former executive director talks women in pensions, decumulation and learning to play the ukelele. Q. How did you get into the pension industry? A. This was a bit of luck on my part. The Saskatchewan Pension Plan was […]
Canadian insurers paid out more than $97 billion in benefits from life and health insurance products in 2020, according to the Canadian Life and Health Insurance Association’s annual fact book. The period, which included the first nine months of the coronavirus pandemic, included $420 million paid out for psychology-related claims to support mental health, up 24 […]
Almost two-thirds (63 per cent) of Canadians cited retirement as a financial goal compared to last quarter (58 per cent), according to a quarterly survey by Ipsos for the Bank of Montreal. The survey, which polled more than 3,000 adults aged 18 and older, found 67 per cent of respondents said they’re continuing to set […]
Income inequality in the U.S. is contributing to the growth of financial insecurity in retirement, exacerbated by a shift from pensions to individual 401(k) savings accounts, according to a new report by the U.S. National Institute On Retirement Security. It found in 2019, white households across three generations — baby boomers, generation X and millennials […]
With many women at risk of outliving their retirement savings, employers can help by educating female employees about their investment options, says Michelle Connell, a chartered financial analyst and owner of Portia Capital Management. Since women are often the primary caregivers, she says they tend to put less money into their retirement accounts than men […]
The Conservative Party is promising to create tax-free savings accounts that provide gig workers with access to the Canada Pension Plan and employment insurance benefits. While out on the federal election campaign trail on Thursday, Conservative Leader Erin O’Toole said the coronavirus pandemic has demonstrated the need for these accounts because gig workers currently can’t pay […]