The Benefits Of A Workplace Retirement Plan One of the reasons employers want to introduce a retirement plan is a desire to kick-start the savings process for their team. Making sure first-time savers see retirement benefits as a compensation boost, not a take-away can be daunting. One way employers can position their new retirement plan …
Key insights: Study after study has shown that most Canadians want and need help with retirement saving and planning, and are very interested in employer-provided solutions If you want to supplement this data, consider conducting a quick, anonymous survey of your employees Appreciation for employer-provided help with retirement saving is likely to compound over time, so …
How do I know if my employees want a retirement plan? Read More »
The sequence in which to introduce employee benefits is one of the most important questions for HR leaders to consider in a growing organization. Here’s a common question we often hear as part of these conversations: “Aren’t retirement benefits something I should add later, once we have health benefits and other employee perks in place?” …
A “retirement first” approach to employee benefits Read More »
What happens to group retirement plans after employees leave? In choosing or managing a workplace retirement plan, one question that employers should be asking is what happens to employees after they leave or retire. For most Group RRSPs and TFSAs provided by big insurers and banks in Canada, the answer is former employees get moved …
Don’t let big insurance companies “roll over” you Read More »
Canada’s economy is doing well, our unemployment rate is at its lowest level in decades, and the average net worth of Canadians is increasing. If we look more closely at the financial health of Canadian households, though, the numbers tell a contrasting story. Technological change, globalization and automation have transformed Canada’s labour market, and rising …
3 practical policy solutions to help Canadians buffer financial risks Read More »
In its fall economic statement, the federal government launched a consultation on how best to strengthen retirement security for Canadians. The consultation is welcome. The recent enhancement to the Canada Pension Plan, a years-long process that begins next month, represents an important measure to improve the public pillars of our retirement system, but much more …
Making life more affordable through efficient retirement savings Read More »
Reflections on the Aspen Institute’s Economic Security Summit Last week, I had the good fortune and honour to participate in the Aspen Institute’s Economic Security Summit, a four-day gathering of 40 leaders from the private, public, and third sectors who are focused on expanding prosperity in America. This year’s Summit aimed to “reconnect work and wealth” — to link …
Building economic security through work and wealth Read More »
When I used to work on issues of retirement security and pension policy for the Ontario government, one refrain became so common that it was largely taken for granted by my colleagues and me: The retirement crisis is an issue for the middle class only. Lower- and moderate-income people needn’t worry about retirement because the government safety …
Rethinking retirement security for modest earners Read More »
Over the past year, Common Wealth has had the opportunity to partner with SEIU Healthcare, an Ontario-based union, to design and implement a new retirement plan called My65+. We believe that My65+, which was launched at an event in Toronto last week, is the first retirement plan specifically designed for the needs of modest-earning workers, …
The following are remarks delivered on September 27, 2016, by Common Wealth Founding Partner Alex Mazer before the House of Commons Standing Committee on Government Operations and Estimates. The committee invited Alex to comment on the future of Canada Post’s pension arrangements as part of a review of the postal service currently being conducted by …
House of Commons testimony on Canada Post’s pension Read More »
Common Wealth is an award-winning digital retirement platform, earning awards for innovation in plan design and technology from the international wealth management publication Pensions & Investments, and for pension leadership from Canadian Investment Review magazine.
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