financial security – Benefits Canada.com

75% of older Canadians worrying about financial security: survey

lbailey — Fri, 05 Nov 2021 13:00:56 +0000

Three-quarters (75 per cent) of Canadians nearing or in early retirement said the coronavirus pandemic has them more concerned about their family’s financial security and well-being, according to a survey by Ipsos for Ryerson University’s National Institute on Ageing and HomeEquity Bank. Among respondents aged 55 to 69, 77 per cent expressed worry about their […]

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68% of Canadians making retirement a financial goal: survey

lbailey — Fri, 10 Sep 2021 13:00:26 +0000

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 […]

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Nova Scotia providing residents with early access to retirement savings

bwolfe — Tue, 15 Jun 2021 13:00:10 +0000

Nova Scotia is allowing residents to apply directly to their financial institution to access their retirement savings when facing financial challenges. Under amendments to provincial pension legislation effective July 1, a person may be approved to access part of a locked-in retirement account or life income fund if they expect less than $41,067 in income […]

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Canadians becoming more optimistic about finances, retirement savings: survey

bwolfe — Wed, 19 May 2021 19:00:10 +0000

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 […]

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Canadians not saving enough for long-term care in retirement: survey

bwolfe — Mon, 17 May 2021 13:00:16 +0000

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 […]

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Majority of Canadian employees remain optimistic about workplace: survey

bwolfe — Tue, 11 May 2021 13:00:30 +0000

While 74 per cent of Canadian employees said their optimism about the workplace remains unchanged from before the coronavirus pandemic, the ongoing crisis has affected several aspects of employment including work-life balance, according to a new survey by ADP Inc. The survey found 46 per cent of respondents have been forced to make a choice, […]

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Young Canadians focusing on retirement, financial security amid coronavirus crisis: survey

bwolfe — Tue, 16 Mar 2021 05:00:37 +0000

Young Canadians are increasingly planning their financial futures as the world faces down the second the year of the coronavirus pandemic, according to a new survey by Sun Life Financial Inc. It found that 89 per cent of generation Z (ages 18 to 23) and 80 per cent of millennials (ages 24 to 39) are […]

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Corby, Hiram Walker entering $176-million group annuity buy-in

mschmit — Mon, 07 Dec 2020 12:20:48 +0000

Corby Spirit and Wine Ltd. and Hiram Walker & Sons Ltd. are de-risking with a $176-million group annuity buy-in amidst volatile markets caused by the coronavirus pandemic. The deal covers 750 retirees and beneficiaries and there will be no change for plan members, who will continue to be paid from the plan as before the […]

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