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How can pension plan sponsors help women hit their retirement readiness stride?

How can pension plan sponsors help women hit their retirement readiness stride?
benefitscanada.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from benefitscanada.com Daily Mail and Mail on Sunday newspapers.

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Head to head: Should Canadian policy-makers facilitate a workplace emergency savings benefit?

Benefits Canada
With many employees struggling with finances since the coronavirus pandemic started last March, two experts weigh in on the viability of offering a workplace emergency savings benefit.
Elizabeth Mulholland, chief executive officer of Prosper Canada
Policy-makers should absolutely be considering ways to facilitate a wider range of affordable, quality workplace savings options and to more actively support employees to save for emergencies.
Even before the coronavirus pandemic, too many Canadians (43 per cent) were living paycheque to paycheque and not saving at all, according to a 2019 poll by BDO Canada Ltd. With the rise of non-standard work, fewer and fewer Canadians have access to quality workplace savings plans. And Canadians who save in retail registered retirement savings plan or tax-free savings account investment products, instead of through the workplace, typically pay higher fees that erode earnings and, for Canadians earning under $50,000, ....

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Pension regulators step up amid turmoil | Benefits Canada.com

Feedback from stakeholders is favourable, for the most part.
“On the whole, pension regulators have been sensible and reasonable,” says Gavin Benjamin, partner in Morneau Shepell Ltd.’s retirement solutions business.
They’ve been responsive as well, which could help account for the positive reviews. “Regulators have been very engaged in consultations with stakeholders,” says Andrea Boctor, a pension partner at Osler, Hoskin & Harcourt LLP.
Hindsight (on 2020) is 20/20
Indeed, experts recognized the unfairness of using hindsight to evaluate decisions taken in uncertain times and fluid conditions. Still, opinions vary somewhat depending on the performance of individual regulators and regional sensitivities. ....

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Globe Advisor's Best of 2020: Top 10 stories on retirement

The Globe and Mail
Published December 21, 2020
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Although 2020 started off just like any other year, we entered uncharted waters in March as the COVID-19 pandemic took hold and wreaked havoc on lives and economies around the world.
To recognize the impact this black swan event had on financial advisors and the way they run their businesses and interact with clients, we looked through the approximately 250 in-depth articles published on Globe Advisor this past year. Throughout the holiday season, we will feature some of the best work we produced during the past year. ....

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