Just six per cent of Canadians cited saving for retirement as a financial priority in 2019, according to a new survey by CIBC. Paying down debt was the top financial priority for survey respondents, followed by keeping up with bills and getting by (14 per cent), growing wealth (12 per cent) and saving for a […]
Readers were focused on the Canada Pension Plan and old-age security in 2018, with the top three most read stories tackling those topics. Benefits Canada rounds up the industry’s favourite pension and retirement stories of the year: 1. New CPP, OAS benefit amounts take effect for 2018 2. Increase to OAS benefits takes effect July 1 3. Why aren’t Canada’s public […]
As 2018 draws to a close, and the benefits and pension industry looks ahead, what’s next for the year’s biggest topics? Stephen Frank, president and chief executive officer of the Canadian Life and Health Insurance Association, is expecting a shift from Canadian and global regulators in the way they govern how customers are treated: an […]
As the traditional workforce evolves and the era of the 25-year career with a single company comes to an end, the contract employee is likely here to stay. While it’s a worldwide phenomenon, gig workers now comprise a good portion of Canada’s working population. Some 2.2 million Canadians were categorized as temporary employees in September […]
More Canadians aged 60 and over are staying in the workforce, with 80 per cent in that age group reporting work as their primary activity, according to data from Statistics Canada. Another 10 per cent said they work at some point but it’s not their primary focus, while less than 10 per cent said they don’t work but want […]
General Motors of Canada Co. is working to set up jobs and training programs for employees who will be put out of work when it closes the Oshawa Assembly plant next year, even as Unifor promises an extended fight to keep the operation open. In addition, GM estimates about half of the 3,000 unionized and […]
Almost half (49 per cent) of U.S. employers are concerned that employees delaying their retirements will increase benefits costs, according to a new survey by Willis Towers Watson. The survey, based on responses from almost 150 large employers in the United States, also found 41 per cent of respondents are concerned that delayed retirement will increase salary costs and 37 per cent […]
Assumption Mutual Life Insurance Corp. is appointing Sébastien Dupuis as president and chief executive officer following the retirement of André Vincent. Vincent will assume the role of senior advisor to Dupuis until he officially retires on June 30, 2019. With 17 years at the company, Dupuis has held a variety of roles, including director of finance, chief risk officer, […]
U.S.-based brokerage Arthur J. Gallagher & Co. is acquiring Canadian benefits, retirement and compensation consulting firm Accompass Inc. The acquisition will provided the Toronto-based consultancy with Gallagher’s tools and resources, noted a press release. For Gallagher, the move will facilitate the expansion of its business capabilities in Canada. Sarah Beech, president of Accompass, will continue to lead the Accompass team. […]
Canadians look forward to retirement, but for many, it’s only at the back of their minds, something that will happen eventually and, increasingly, not at the magical age of 65. Today’s employees often work long past the eligible age of retirement, creating new workforce dynamics that demands the attention — and often a new analysis […]