Retirement

States pursuing plans to help workers save for retirement

States are moving forward with new initiatives to help workers save for retirement, even as the Repu…

Pension crisis forces Puerto Rico retirees to rethink future

Juan Camacho thought he would visit Spain, take a university literature course and get to sleep in m…

Latest News

  • Launch of retirement savings plan offers hardworking Canadians a chance to retire with dignity CNW Group

    TORONTO, Feb. 22, 2017 /CNW/ - Today, SEIU Healthcare announced the first retirement plan aimed at the needs of modest earning Canadians. The My65+ plan is designed to be low-fee, portable, and structured …

    TORONTO, Feb. 22, 2017 /CNW/ - Today, SEIU Healthcare announced the first retirement plan aimed at the needs of modest earning Canadians. The My65+ plan is designed to be low-fee, portable, and structured to preserve government benefits. "We asked our members what their number one challenge was, and the resounding answer …

  • Canada Pension Plan Investment Board Launches the Chinese Edition of "Fixing the Future" Marketwired

    Canada Pension Plan Investment Board  launched the Chinese edition of "Fixing the Future: How Canada's Usually Fractious Governments Worked Together to Rescue the Canada Pension Plan." Written ...

    Canada Pension Plan Investment Board  launched the Chinese edition of "Fixing the Future: How Canada's Usually Fractious Governments Worked Together to Rescue the Canada Pension Plan." Written ...

  • Canada Pension Plan Changes Are On the Way. Is Your Organization Prepared? CNW Group

    TORONTO, Feb. 21, 2017 /CNW/ - Retirement will look very different for millennials, baby boomers and others as the economy continues to change. The move towards Group Registered Retirement Savings Plans …

    TORONTO, Feb. 21, 2017 /CNW/ - Retirement will look very different for millennials, baby boomers and others as the economy continues to change. The move towards Group Registered Retirement Savings Plans (RRSPs), coupled with the decline of employer-sponsored defined benefit pension plans, brings a new retirement reality …

  • Auditor General has it right on pensions: Thomas CNW Group

    TORONTO, Feb. 16, 2017 /CNW/ - Ontario Auditor General Bonnie Lysyk is "100 per cent correct" when she says the provincial government has no unfettered right to count public employees' pension funds as …

    TORONTO, Feb. 16, 2017 /CNW/ - Ontario Auditor General Bonnie Lysyk is "100 per cent correct" when she says the provincial government has no unfettered right to count public employees' pension funds as government assets, the President of the Ontario Public Service Employees Union says. "We agree entirely with Ms. Lysyk …

  • Auditor General to Government: 'Show Me the Letter' CNW Group

    TORONTO, Feb. 16, 2017 /CNW/ - Ontario's Auditor General says the government's Pension Asset Advisory Panel Report supports her Office's main position: before the Province can use surpluses of two public …

    TORONTO, Feb. 16, 2017 /CNW/ - Ontario's Auditor General says the government's Pension Asset Advisory Panel Report supports her Office's main position: before the Province can use surpluses of two public pension plans, it must obtain agreement from the plans' co-sponsors. "The Province shares any pension surplus with OPSEU …

  • Evolution of pension funding; increasing the retirement age; and taxation on health and dental plans CNW Group

    TORONTO, Feb. 16, 2017 /CNW/ - Morneau Shepell released the February 2017 issue of its monthly newsletter, News & Views, in which the company looked at a number of topics, including pension funding in …

    TORONTO, Feb. 16, 2017 /CNW/ - Morneau Shepell released the February 2017 issue of its monthly newsletter, News & Views, in which the company looked at a number of topics, including pension funding in Canada and how solvency and going-concern funding have diverged over the last decade. Long-term evolution of pension funding …

  • Over half of Canadian employers provide access to financial advice in their group retirement and savings plan CNW Group

    Sponsored by Great-West Life, the 2016 CAP Benchmark Report provides employers with Canadian benchmark data and strategies to help employers improve employees' retirement savings. WINNIPEG , Feb. 15, 2017 …

    Sponsored by Great-West Life, the 2016 CAP Benchmark Report provides employers with Canadian benchmark data and strategies to help employers improve employees' retirement savings. WINNIPEG , Feb. 15, 2017 ...

  • The economics of an aging work force GoldenGirlFinance.com

    Not retired yet

    The economics of an aging work force

    Not retired yet

  • States pursuing plans to help workers save for retirement The Canadian Press

    States are moving forward with new initiatives to help workers save for retirement, even as the Republican-led Congress tries to block rules making it easier for them to do so. Studies show a sharp divide …

    States pursuing plans to help workers save for retirement

    States are moving forward with new initiatives to help workers save for retirement, even as the Republican-led Congress tries to block rules making it easier for them to do so. Studies show a sharp divide in retirement savings between those who have employer-sponsored plans and those who do not. The state programs are …

  • Equitable Life of Canada posts record results for 2016 CNW Group

    In 2016, the Company also experienced exceptional growth, having achieved a new high of $1.1 billion for premiums and deposits and $3.7 billion in assets under administration. This growth was bolstered …

    In 2016, the Company also experienced exceptional growth, having achieved a new high of $1.1 billion for premiums and deposits and $3.7 billion in assets under administration. This growth was bolstered by exceptional sales results across all three lines of business, with a greater than 20% increase over 2015 in sales for …

  • Thomas to Wynne: "Pension assets belong to pension plan members" CNW Group

    TORONTO, Feb. 14, 2017 /CNW/ - Ontario Premier Kathleen Wynne would do well to remember who owns the assets of the province's jointly trusteed public pension plans, the President of the Ontario Public …

    TORONTO, Feb. 14, 2017 /CNW/ - Ontario Premier Kathleen Wynne would do well to remember who owns the assets of the province's jointly trusteed public pension plans, the President of the Ontario Public Service Employees Union said today. "The current dispute between the Government of Ontario and Auditor General Bonnie Lysyk …

  • 1 in 6 Canadians aged 55 or older hasn't started retirement saving yet, RBC survey suggests CBC

    Almost half of Canadians 55 years and older say they are not on track with their retirement planning, a new poll commissioned by the Royal Bank of Canada suggests. In an online survey of 2,033 adult Canadians …

    Almost half of Canadians 55 years and older say they are not on track with their retirement planning, a new poll commissioned by the Royal Bank of Canada suggests. In an online survey of 2,033 adult Canadians commissioned by the bank and conducted by Ipsos, 46 per cent of poll respondents said their No. 1 concern was whether …

  • Five common RRSP mistakes to avoid while saving for retirement this year The Canadian Press

    It's been 60 years since the RRSP was introduced as a retirement savings tool. Carol Bezaire, the vice-president of tax, estate and strategic philanthropy at Mackenzie Investments, says the No. 1 blunder …

    It's been 60 years since the RRSP was introduced as a retirement savings tool. Carol Bezaire, the vice-president of tax, estate and strategic philanthropy at Mackenzie Investments, says the No. 1 blunder is dipping into an RRSP for expenses other than retirement income. Financial institutions withhold some of the withdrawal …

  • When the dots don't connect: Canadians living longer in retirement but preparing less - RBC poll CNW Group

    TORONTO, Feb. 14, 2017 /CNW/ - Canadian Boomers aged 55+ are now facing a new reality – a retirement that could last for 30 years. "Thirty years in retirement should be a huge gift of time, when you can …

    TORONTO, Feb. 14, 2017 /CNW/ - Canadian Boomers aged 55+ are now facing a new reality – a retirement that could last for 30 years. "Thirty years in retirement should be a huge gift of time, when you can do what you want, when you want – but you need to connect the dots between living longer in retirement and preparing …

  • Only one in five Canadians will contribute to RRSP by March 1st deadline CNW Group

    TORONTO, Feb. 13, 2017 /CNW/ - Canadians may be looking at a bleak future when it comes to saving up for retirement. Results from a new study commissioned by H&R Block show that only 17% of Canadians …

    TORONTO, Feb. 13, 2017 /CNW/ - Canadians may be looking at a bleak future when it comes to saving up for retirement. Results from a new study commissioned by H&R Block show that only 17% of Canadians have contributed or are planning to contribute to a RRSP before the contribution deadline. Despite concerning results, …

  • Canada's pension fund awaits Trump infrastructure plan Reuters

    The Canada Pension Plan Investment Board, one of the world's biggest infrastructure investors, is awaiting details of U.S. President Donald Trump's planned $1 trillion infrastructure program, its CEO said. …

    The Canada Pension Plan Investment Board, one of the world's biggest infrastructure investors, is awaiting details of U.S. President Donald Trump's planned $1 trillion infrastructure program, its CEO said. Canada's national pension fund, which already invests billions of dollars around the world in assets such as roads, …

  • Canada appoints investor Leech as adviser for infrastructure bank Reuters

    Canada has appointed veteran pension executive Jim Leech as a special adviser for its new infrastructure bank, which has been set up to facilitate private investment in such projects as new roads and bridges. …

    Canada has appointed veteran pension executive Jim Leech as a special adviser for its new infrastructure bank, which has been set up to facilitate private investment in such projects as new roads and bridges. The Liberal government has been courting Canada's biggest public pension funds and overseas investors such as sovereign …

  • RRSPs are a smart choice for business owners, says CIBC's Jamie Golombek CNW Group

    TORONTO, Feb. 9, 2017 /CNW/ - CIBC (TSX:CM.TO - News) (NYSE:CM - News) – While business owners in Canada often choose to invest excess funds in an investment account held by their corporation, a new report …

    TORONTO, Feb. 9, 2017 /CNW/ - CIBC (TSX:CM.TO - News) (NYSE:CM - News) – While business owners in Canada often choose to invest excess funds in an investment account held by their corporation, a new report by CIBC Wealth Strategies Group finds that the better choice in the long run is generally investing in an Registered …

  • Pension crisis forces Puerto Rico retirees to rethink future The Canadian Press

    Juan Camacho thought he would visit Spain, take a university literature course and get to sleep in more when he retired after nearly four decades as a teacher. Instead, the 70-year-old is working as a …

    Pension crisis forces Puerto Rico retirees to rethink future

    Juan Camacho thought he would visit Spain, take a university literature course and get to sleep in more when he retired after nearly four decades as a teacher. Instead, the 70-year-old is working as a second-grade teacher's assistant to supplement his pension as the U.S. territory's government warns its public retirement …

  • TMX seeks part of Saudi Aramco listing Reuters

    Toronto Stock Exchange owner TMX Group Ltd said on Wednesday it was pitching the energy-rich bourse to "Saudi officials of significant influence" to bring at least part of the kingdom's massive Saudi Aramco …

    A TMX Group sign, the company that runs the Toronto Stock Exchange, is seen in Toronto

    Toronto Stock Exchange owner TMX Group Ltd said on Wednesday it was pitching the energy-rich bourse to "Saudi officials of significant influence" to bring at least part of the kingdom's massive Saudi Aramco [IPO-ARMO.SE] public listing to Canada. Saudi Arabia expects to value the state-owned oil producer at a minimum of …