Pension Financial Results – News on Your Pension Sustainability

Canadians have a new favourite when it comes to saving money for retirement, outside of a workplace plan. TFSAs, writes James Langton for Investment Executive, have overtaken RRSPs as the preferred savings vehicle. According to the Office of the Superintendent of Financial Institutions (OSFI), 7.9 million taxpayers...

The union representing workers at the UK’s Royal Mail says it will defend its strike action to protest changes to the company’s pension plan. The Communications Workers Union, reports Reuters, will “defend its position on industrial action against Royal Mail PLC in the High Court on Thursday.” The union revealed on Oct. 3...

Musicians with the UK’s Royal Opera House orchestra have opted for an improved pension plan over higher wages, a decision that could have wide-ranging consequences, writes Sophie Imeson for Pension Experts. The decision to take a lower wage hike to “fund an improved pension scheme for new and future members” has...

ARIA Pensions Blog, Email: sitemanager@ariapensions.ca, 12 Dunlop Street East, Barrie, Ontario, Canada, L4M 1A3

Plans by the UK’s Royal Mail to replace its defined benefit pension plan is being met with strike action by workers, reports Chief Investment Officer (CIO). Workers who voted, 73 per cent, voted 89.1 per cent in favour of strike action, says the Communications Workers Union (CWU),  “which last month called on more...

Research shows that the income gap women experience while working carries into retirement, with women, on average, earning less retirement income than men. Not only do they earn less while working, they accumulate fewer pensionable years due to taking time off for family matters. However, writes Marlene Y. Satter for...

ARIA Pensions Blog, Email: sitemanager@ariapensions.ca, 12 Dunlop Street East, Barrie, Ontario, Canada, L4M 1A3