Almost half (40 per cent) of American workers said the coronavirus pandemic’s made them more concerned about planning for retirement, according to a survey by the Indexed Annuity Readiness Council. The survey, which polled more than 2,000 adults in the U.S., also found 30 per cent of American workers said their plans to retire at […]
A majority (70 per cent) of Canadians say they’re willing to forgo a higher salary in exchange for a workplace pension plan, according to a new survey for the Healthcare of Ontario Pension Plan by Abacus Data. The survey, which polled more than 2,000 Canadian adults in April, signals an opportunity for employers to build […]
Despite the uncertainty wrought by the coronavirus pandemic, Americans are continuing to save for retirement through defined contribution pension plans, according to new data from the Investment Company Institute. The institute tracks contributions, withdrawals and other activities based on DC plan record-keeper data covering more than 30 million participant accounts in employer-based plans on a […]
Indigenous and racialized seniors have less retirement security and higher poverty rates than white seniors in Canada, according to a new report by the Canadian Centre for Policy Alternatives. Based on data from the 2016 census, the report found Indigenous seniors have an average income of $32,200 and a poverty rate of 21.5 per cent, […]
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 […]
Language and communication can impact the retirement decisions of defined contribution plan members, according to a new survey by Invesco Ltd. The survey found 60 per cent of all respondents — as well as 50 per cent of millennials and 59 per cent of gen-Xers — would rather achieve retirement “income” than retirement “savings.” Nearly […]
In considering changes to its retirement savings programs, Rogers Communications Inc. is generally focused on three main internal and external factors: regulatory changes, employee feedback and demographics. “As we see the millennial and gen Z workforce grow quite a bit, we’re really trying to understand what that’s going to do to our plans in terms […]
In 2018, a 69-year-old man named Emile Ratelband in the Netherlands lost a legal fight to change his birth date to 20 years earlier, arguing that he didn’t feel as old as he was. The court case inspired a paper looking into the idea of subjective age versus biological age and how it impacts economic […]