Canadians are becoming more confident about their financial situations and are setting more personal financial goals, according to a new survey by BMO Financial Group. It found 37 per cent of survey respondents said they believe their finances have improved recently, with Montreal residents the most likely to express financial optimism (42 per cent), ahead […]
Canadians’ current retirement savings aren’t likely to withstand the costs of long-term health care later in life, according to a new survey by Edward D. Jones & Co. It found 23 per cent of respondents said they believe their retirement savings will last them less than 10 years, including 21 per cent of those age […]
While 65 has long been considered the traditional retirement age, younger employees face the possibility of working longer. Plan sponsors can learn much from the unique financial journeys taken by different generations toward their eventual golden years. A 2019 Scotiabank investment poll revealed that 68 per cent of Canadians are currently saving for retirement, but […]
A Scotiabank retirement survey says more than half of respondents are concerned that financial pressure will force them to re-enter the workplace after they retire. The poll found that the average Canadian respondent expects to retire at 64 years old, while six per cent don’t plan to ever retire. Fear about losing their financial independence […]
New study also shows DC is the fastest growing segment
UK trade body pushing for low cost schemes for pension savings.