The complexities of income tax at retirement can come as a shock to pensioners, but most plan sponsors are providing limited assistance in helping their retiring employees deal with these issues. “In our experience, much of the communication and education provided by employers/sponsors or their plan record keeper focuses on basic retirement and investment knowledge, […]
Lululemon Athletica Inc.’s benefits program manager discusses engaging young employees with retirement savings, yoga benefits and riding his motorcycle to Whistler. Q. What top challenges do you face in your role? A. I look after our retirement savings program, so the challenge we have is based on our demographics. All of our retail employees are fairly […]
For the first time in its existence, the German 30-year government bond yield slipped into the negatives and it isn’t inconceivable that U.S. Treasuries could follow suit, said Joachim Fels, global economic advisor at PIMCO Corp., in a recent blog post. While negative yields have lately been cropping up in developed markets outside the U.S., […]
The Federal Court of Appeal has dismissed a legal challenge by former Air Canada pilots who claimed the company was wrong to force some to retire at age 60. The dismissal of an appeal by 18 ex-pilots stems back to a Canadian Human Rights Tribunal ruling that the airline had the right to compel some pilots to retire […]
Schroders Investment Management Ltd. is naming Michelle Skelly as its new head of Canada. Skelly joined Schroders in 2007 and has served as institutional sales director in Canada since 2012. “North America continues to be an area of growth for Schroders and I am pleased to have Michelle Skelly lead our efforts in Canada,” said […]
Three-quarters (74 per cent) of employees said financial benefits, such as savings tools, offered by their employer at the time of a pay raise would lead to less stress, while 78 per cent said it would help them feel more confident about their finances, according to a new survey by Commonwealth. The survey, which polled […]
The Ontario Court of Appeal has ruled an employee was in the right when she rescinded her retirement notice after circumstances changed. In September 2016, Elisabeth English, a 64-year-old employee at Manulife, resigned after the company said it would be implementing a new computer system, citing her concern with learning a new system. When she met with […]
Mercer Canada has appointed Bernard Mercier as partner and wealth business leader for its Vancouver division. In the new role, he’ll be responsible for service offerings as well as leading the pension and investment team. With more than 30 years of experience in retirement consulting, business development and leadership, Mercier has expertise directing pension plan […]
As of 2018, there was one Canadian worker over the age of 55 for every worker between the ages of 25 and 34, according to a new report by Statistics Canada. This ratio is down significantly from 1996, when there were 2.7 workers between the ages of 25 and 34 for every worker aged 55 and […]
Globally, the majority (85 per cent) of employees want help with their pension and retirement planning, according to a new survey by Accenture. The report, which surveyed workers in 10 countries in Asia-Pacific, Europe and South America, also found 82 per cent of respondents said they’d like retirement coaching. Millennial workers expressed the most interest […]