Not just another crossover calculation.
Life expectancy for Canadians varies regionally.
One-third of Canadian employees are willing to sacrifice a portion of their compensation in exchange for retirement security, finds Towers Watson. Meanwhile, one-in-four would give up a bonus for additional retirement benefits. Read: Help a client choose whether to commute his pension “[There’s] concern among Canadian workers about whether they will outlive their retirement savings,” […]
Investors should scrutinize any public company’s pension plan. The impacts on share valuation have always been significant.
The scale of longevity risk is too vast for insurers alone without the development of a capital market, says new Swiss Re report. Titled A Mature Market: Building a Capital Market for Longevity Risk, the report says a liquid capital market in longevity risk can ensure long-term funding of people’s longer lives. Read: CPP and […]
Almost half (48%) of defined benefit plan sponsors plan to increase their allocation to alternative investments as they seek long-term returns less correlated to public equity markets, finds RBC Investor Services. Further, this figure jumps to 88% for plan sponsors that have over $1 billion in assets. Read: Will PRPPs create opportunities for advisors? “Canadian […]
The current federal legislation for PRPPs only applies to employees governed under federal jurisdiction, such as inter-provincial transportation, banking, telecommunication and airlines. So on June 28, 2012, the Canadian government approved the Pooled Registered Pension Plan (PRPP) Act.
Corporate Defined-Benefit plans are worse than ever.
An Individual Pension Plan is the only retirement savings vehicle allowing for higher tax deductions when investments don’t perform as expected.
Declining pension coverage, shrinking nest eggs and persistent financial instability have shifted Canadians’ retirement focus from enjoying freedom to financial survival.