Listen in on the discussion about retirement savings in CHECKMATE! WORKPLACE SAVINGS PLANS HELP CANADIANS WIN IN RETIREMENT MARCH 2014
|
|
- Tamsin Lyons
- 8 years ago
- Views:
Transcription
1 MARCH 2014 CHECKMATE! WORKPLACE SAVINGS PLANS HELP CANADIANS WIN IN RETIREMENT Our sixth annual Canadian Unretirement Index shows, those Canadians who don t participate in a workplace savings plan are missing out. Participation in a plan continues to provide significant emotional and financial benefits for members compared to non-members. Listen in on the discussion about retirement savings in Canada, and you ll hear a common theme: we need to find a way to help people save more. The reason is a simple one: the Canada Pension Plan, the Quebec Pension Plan and Old Age Security aren t designed to be a sole source of retirement income, and a staggering number of Canadians don t have a savings plan at work. And that s a shame because employer-based savings plans work. As our research shows, the well-being gap between those who have a plan and those who don t is significant. Plan members report being better off in multiple categories from worrying less about their retirement to saving more for their future.
2 2014 CANADIAN UNRETIREMENT TM INDEX Workplace savings plans are a long-term investment, and it s easy for employers and plan members to take their plans for granted day-today. But the results of our 6th annual Canadian Unretirement Index remind us just how beneficial these plans can be for employees. And because of this, employers who offer such plans enjoy a competitive advantage over those who don t. And there are many employers who don t. According to Statistics Canada, more than 500,000 Canadian businesses currently do not offer any kind of employee workplace savings plan. As a result, three to five million Canadians do not have access to a simple, affordable workplace pension plan. As our 2013 Canadian Unretirement Index shows, those Canadians who don t participate in a plan are missing out. Here is an overview of the findings of the Index as they relate to workplace savings plans and some insights into the positive influence that these plans have on the outlook of Canadians about their futures. The more financially secure an employee feels, the more likely the expectation for retirement at an earlier age. CONNECTING THE DOTS: WHY HELPING MEMBERS WIN IN RETIREMENT MATTERS TO EMPLOYERS Our survey results show that workplace savings plans have a direct, positive impact on employee financial security. This increases the likelihood of on time retirement where employees have the financial security they need to retire when they want to enabling employers to effectively succession plan and stay competitive. Retirement insecurity is not just a plan member problem it s also an employer problem. That s because delayed retirement and the associated uncertainty can negatively impact an employers human resources and finance objectives. These potential impacts range from succession planning and skills renewal issues, to higher wage and benefit costs, to lower productivity, engagement and morale as a result of mature employees continuing to work because of financial need alone. For these reasons, employers should understand the key role that their workplace savings plans can play in the health of their organizations and take steps to maximize these benefits whenever possible. 2
3 2014 CANADIAN UNRETIREMENT TM INDEX EARLY RETIREMENT: not a trivial pursuit One of the most significant measures of actual and psychological well being is the age at which employees say they expect to retire. Simply put, the more financially secure an employee feels, the more likely the expectation for retirement at an earlier age. In terms of actual retirement age, the age at which plan members say they will retire age 65 is lower than the age 67 expectations of non-members. In fact, in each of the five years of our research, plan members have had earlier retirement age expectations than non-members. While just 18% of Canadians without a workplace savings plan say they will be retired by age 66, 35% of workplace savings plan members say the same. And of those who say they will be working at age 66, 40% of plan members say it will be because they want to (not because of financial need) versus just 29% of non-members. Expected retirement age over the year Statistics Canada, Canadian Business Patterns Database, December % of plan members say they will continue working past 65 because they want to (not because of financial need) versus just 29% of non-members. 3
4 THE GAME OF LIFE taking action Workplace savings plan members are also more likely to be taking positive action on their finances than non-members, with these actions taking place on a number of fronts. Compared to before the 2008 financial crisis, a significantly higher percentage of members versus non-members are now paying down more debt, planning their financial future more, saving more and investing more. Plan members taking action 2014 CANADIAN UNRETIREMENT TM INDEX Investing more 12% 24% Saving more 18% 30% Planning my financial future more 21% 34% Paying down debt more 25% 35% Workplace savings plan members are also more likely to have a written financial plan than non-members (24% versus 14%) and work with a financial advisor (36% versus 22%). Having a financial plan can help employees set their financial goals and help them track their progress towards achieving their goals. A financial plan can also help employees: protect what is most important to them, plan for retirement, leave something for their family, and manage their taxes. Both, working with a financial advisor and establishing a written plan can provide an edge in terms of ensuring long-term financial security. 24% of plan members have a financial plan vs. just 14% of non-members. Unretirement [un-ree-tiyr-mint] noun: The growing trend away from early retirement by choice or economic necessity and towards continued work past the traditional retirement age of 65. 4
5 THINKING THREE MOVES AHEAD 2014 CANADIAN UNRETIREMENT TM INDEX Whether it s through the financial education that workplace savings plans provide or the knowledge that their plans provide continuous savings plan members are more confident about both planning for the future and their outlook for retirement. In terms of planning, 76% of plan members say they have the financial knowledge to be able to make a plan for their retirement, versus 63% for non-members. Looking down the road at retirement, plan members also have a more positive outlook in all areas that we surveyed. Eighty-eight per cent of plan members say they are confident or somewhat confident that they will have the income in retirement to take care of basic living expenses, compared to 70% of non-members. And in terms of their confidence about other retirement expenses: 79% of members say they will have enough money to cover their medical expenses, versus 58% of non-members 72% of members say they will have enough money to pursue their hobbies and interests, versus 49% of non-members 69% of members say they will have enough money to enjoy the lifestyle they want, versus 46% of non-members. Workplace savings plans translate into measurable financial benefits actual and psychological. 76% of plan members say they have the financial knowledge to be able to make a plan for their retirement, versus 63% for non-members. Confidence in covering retirement expenses Lifestyle 46% 69% Hobbies and interests 49% 72% Medical expenses 58% 79% Living expenses 70% 88%
6 PASS GO; collect retirement savings 2014 CANADIAN UNRETIREMENT TM INDEX The most compelling measurement of how a workplace savings plan can benefit employees is money specifically, the amount of retirement savings that members have accumulated versus non-members. The benefit of workplace savings plan membership is significant. Excluding their home or other property, plan members had accumulated an average of $491,000 in retirement savings, versus $313,000 for non-members. This greater nest egg translates into a satisfaction rate for members that is double that for non-members, with 49% of plan members saying they are very or somewhat satisfied with how much they are saving for retirement versus 24% of non-members. And when we examine the Unretirement Index as a whole, the higher optimism of plan members is significant. The index runs on a scale of 0 to 100, where 100 represents extreme optimism and the expectation of a perfect retirement. The lower the index number, the more negative or pessimistic the outlook is on issues that influence retirement. Average amount of retirement savings $491,000 $500,000 $375,000 $250,000 $125,000 $313,000 The overall Sun Life Canadian Unretirement Index score measuring the confidence of working Canadians is 48 for members of workplace savings plans, versus just 35 for those who are not members. 0 Satisfaction with amount of savings Average amount of retirement savings 50 49% When it comes to retirement savings, plan members have a satisfaction rate double that of non-members % 0 Satisfaction with amount of savings 6
7 2014 CANADIAN UNRETIREMENT TM INDEX GAME, SET, MATCH! By providing a workplace savings plan, sponsoring employers are providing their employees with measureable financial benefits both actual and psychological. This not only improves the financial health of individual employees but promotes the achievement of an organization s human resources and financial goals by increasing on time retirement rates. These rates can increase even further through proactive measures that employers can take to maximize the impact of their plans, and help plan members save for a worry-free retirement. These can include: delivering ongoing plan member education Sun Life Financials my work program helps plan members secure a financially fit future by giving them the tools and information they need, at the right time and in the right place! Tools like money UP! - our game-inspired approach to financial literacy for employees who have their workplace retirement and savings plan with Sun Life - or our face-to-face learning sessions, can help increase plan member education and engagement; promoting the use of planning tools the Sun Life Financial Retirement planner and other tools are always available on mysunlife.ca to help members plan for a brighter retirement; introducing additional savings plan options such as Tax-Free Savings Accounts; offering innovative investment options which meet the needs of plan members and help simplify the investment process; developing campaigns to grab plan members attention and increase their contribution rates - something that Sun Life Financial has the experience and expertise to seamlessly deliver; providing access to advice holistic or in-plan advice to develop a financial plan. While all workplace savings plans provide measurable benefits to plan members and employers, organizations that take a proactive approach to improving plan participation and the plan member experience stand the most to gain. 7
8 2014 CANADIAN UNRETIREMENT TM INDEX ABOUT THE SUN LIFE CANADIAN UNRETIREMENT INDEX The Sun Life Canadian Unretirement Index tracks how workers attitudes and expectations about retirement are evolving in response to economic, health and personal forces affecting their lives. The term unretirement refers to the growing trend away from early retirement by choice or economic necessity and towards continued work past the traditional retirement age of 65. ABOUT THE SURVEY The sixth Sun Life Canadian Unretirement Index is based on the findings of an Ipsos Reid poll, conducted between November 12 and 20, 2013, on behalf of Sun Life Financial. For this survey, Ipsos Reid conducted online interviews with a sample of 3,005 working Canadians from 30 to 65 years of age from Ipsos online panel. Weighting was then employed to balance demographics to ensure that the sample s composition reflects that of the adult population according to Census data and to provide results intended to approximate the sample universe. The precision of Ipsos online surveys is measured using a credibility interval. In this case, the survey is accurate to within +/- 2 percentage points had all Canadian adults been polled. All sample surveys and polls may be subject to other sources of error, including, but not limited to methodological change, coverage error and measurement error. Life s brighter under the sun 8 Group Retirement Services are provided by Sun Life Assurance Company of Canada, a member of the Sun Life Financial group of companies. 02/14-SI-RB
Sun Life Canadian Unretirement Index
Sun Life Canadian Unretirement Index 2015 Canadian Unretirement Index Report Life s brighter under the sun Table of contents About the Sun Life Canadian Unretirement Index... 2 Will you be working at
More informationSun Life Canadian UnretirementTM
Sun Life Canadian UnretirementTM Index 2014 Canadian Unretirement Index Report Life s brighter under the sun Table of contents About the Sun Life Canadian Unretirement Index... 2 Will you be working at
More informationSun Life Canadian UnretirementTM
Sun Life Canadian UnretirementTM Index 2013 Canadian Unretirement Index Report Life s brighter under the sun Table of contents Five years of the Canadian Unretirement Index 2 Section 1: A late retirement
More informationThe Voya Retire Ready Index TM
The Voya Retire Ready Index TM Measuring the retirement readiness of Americans Table of contents Introduction...2 Methodology and framework... 3 Index factors... 4 Index results...6 Key findings... 7 Role
More informationINVESTING IN YOURSELF
Investment Planning INVESTING IN YOURSELF Women are different from men. So are your financial planning needs. 2 INVESTING IN YOURSELF WOMEN & MONEY There are many reasons why you might require a different
More informationLife s brighter under the sun. Sun Life Financial and you
Life s brighter under the sun Sun Life Financial and you It s your financial future. We can help. When it comes to your money, you want to make sure you do the best you can with what you have. With good
More informationmy money @ work my Investments Canada Post Corporation Defined Contribution and Group Retirement Savings Plans
my money @ work my Investments Canada Post Corporation Defined Contribution and Group Retirement Savings Plans my money. my tools. As a member of a company group retirement savings plan, you have access
More informationLPL FINANCIAL RETIREMENT WORKSITE FINANCIAL SOLUTIONS. Help foster. financial. confidence. Worksite Financial Solutions Tools and Support
LPL FINANCIAL RETIREMENT WORKSITE PARTNERS FINANCIAL SOLUTIONS Help foster financial confidence Worksite Financial Solutions Tools and Support Worksite Financial Solutions Creating Confidence Half of American
More informationAlbertans Satisfied With Their Lawyers
Albertans Satisfied With Their Lawyers More Than Half (53%) Report Being Very Satisfied With Services Provided By Their Lawyer Seven-In-Ten (71%) Say They Received Very Good or Good Value For Fees Paid
More informationRetirement in Ireland 2014. A Survey Report
Retirement in Ireland 2014 A Survey Report ii Retirement Planning Council of Ireland Contents Foreword 2 Methodology & Objectives 3 Summary 4 The 2014 Survey Section 1 People Surveyed 3 Section 2 Expected
More informationFreedom. Contentment 85% Retirement 20/20. Slowing down gradually. Volunteering Disappointment. Security. Financial stress. Excitement.
REPORT 2015 Retirement 20/20 Achieving retirement fulfillment years CELEBRATING FamilyProsperity Excitement Freedom Having to work Security Fulfilling work Slowing down gradually Boredom Financial stress
More informationContents. Introduction 1 Key Findings 1. 1. Canada s Changing Retirement Landscape 2. 2. Retirement Expectations and Aspirations 4
Contents Introduction 1 Key Findings 1 1. Canada s Changing Retirement Landscape 2 2. Retirement Expectations and Aspirations 4 3. Retirement Saving and Planning 7 4. The Retirement Savings Habit 9 Recommendations
More informationIntroduction 1 Key Findings 1 Recommendations 1 The Survey 2. 1. Retirement landscape in Canada 3. 2. Retirement aspirations and expectations 3
Contents Introduction 1 Key Findings 1 Recommendations 1 The Survey 2 1. Retirement landscape in Canada 3 2. Retirement aspirations and expectations 3 3. Planning for retirement 5 4. Making it easy to
More informationAdvisor Value A Voya Retirement Research Institute Study quantifies the benefits of working with a financial advisor
Advisor Value A Voya Retirement Research Institute Study quantifies the benefits of working with a financial advisor In the Voya Retirement Revealed1 study of 4,050 working Americans, just 28% of study
More informationHow To Help Your Employees Achieve Financial Wellness
RETIREMENT & BENEFIT PLAN SERVICES WORKPLACE INSIGHTS TM Workplace Benefits Report Employers changing role in helping employees achieve financial wellness December, 2013 Leading-edge employers are charting
More informationGroup Savings & Retirement & Someday starts here. Plan for life. The basics of. retirement planning
Group Savings & Retirement & Someday starts here Plan for life The basics of retirement planning Hello. Are you close to retiring? If you re almost there, then understanding retirement planning basics
More information2/3 81% 67% Millennials and money. Key insights. Millennials are optimistic despite a challenging start to adulthood
2/3 Proportion of Millennials who believe they will achieve a greater standard of living than their parents 81% Percentage of Millennials who believe they need to pay off their debts before they can begin
More informationMajority of Americans Use Recycled Boxes When Moving and Take About Two Months to Unpack
Majority of Americans Use Recycled Boxes When Moving and Take About Two Months to Unpack Seven in Ten Make Sure to Pack an Open First Box Public Release Date: Tuesday, May 3 rd, 2016 Ipsos Public Affairs
More informationWhen to retire: Age matters!
When to retire: Age matters! The BMO Institute provides insights and strategies around wealth planning and financial decisions to better prepare you for a confident financial future. Contact the BMO Institute
More informationESTATE & FINANCIAL PLANNING SERVICES
ESTATE & FINANCIAL PLANNING SERVICES WORKING TOGETHER TO HELP YOU ACHIEVE LIFETIME FINANCIAL SECURITY Life s brighter under the sun Our lawyer was impressed by the thoroughness of the estate planning advice
More informationU.S. Department of Labor Advisory Council on Employee Welfare and Pension Plan Benefits
August 19, 2015 U.S. Department of Labor Advisory Council on Employee Welfare and Pension Plan Benefits Comments from Jeff Stein, VP of Operations at Nationwide on the topic of Model notices and education
More informationFirst Look: Assessing the New Retiree Experience
First Look: Assessing the New Retiree Experience 401(k) participants are transitioning with considerable assets, high satisfaction T. ROWE PRICE RETIREMENT PLAN SERVICES, INC. FIRST LOOK: ASSESSING THE
More informationRetirement Planning Workshop
Retirement Planning Workshop Agenda What is Retirement Planning? Why Plan for Retirement? 5 Key Risks to secure income Goal Setting Retirement Income Considerations Asset Accumulation Considerations Tom
More informationDivergent paths to retirement: How men and women plan differently
Divergent paths to retirement: How men and women plan differently The BMO Institute provides insights and strategies around wealth planning and financial decisions to better prepare you for a confident
More informationMaximize your impact
September2013 Maximize your impact Gain the advantage in the small business market Join The Conversation, brought to you by Sun Life Financial Group Benefits. THE CONVERSATION SUN LIFE MAKES IT POSSIBLE
More informationNine in Ten Canadians Support Taxing the Rich More (88%) and a Potential Millionaire s Tax (89%)
Nine in Ten Canadians Support Taxing the Rich More (88%) and a Potential Millionaire s Tax (89%) Average Canadian Defines Rich As $195,000 Annual Household Income Public Release Date: Thursday, May 30
More information2014 Wells Fargo Millennial Study
2014 Wells Fargo Millennial Study Overview Table of contents Overview 1 Key findings 2 Background and methodology 7 The contents of this report are for information purposes only. They should not be construed
More informationYour Guide to Retirement Income Planning
Your Guide to Retirement Income Planning Your Guide to Retirement Income Planning 3 Your retirement income plan How to create secure income in retirement Your retirement will be as unique as you are. Travel,
More informationHow To Be Financially Successful
Employee Financial Wellness Survey 2015 results April 2015 Retirement Employer benefits Financial stress Investing Cash and debt management Risk management About this survey PwC s Employee Financial Wellness
More informationLife events that may derail a financial plan
Life events that may derail a financial plan The BMO Institute provides insights and strategies around wealth planning and financial decisions to better prepare you for a confident financial future. bmoharris.com
More informationThe Brave New World of Health Care
RETIREMENT & BENEFIT PLAN SERVICES Workplace INSIGHTS TM The Brave New World of Health Care Helping employees transition to full ownership and a long-range view of their financial wellness Executive Summary
More informationSociety of Actuaries Middle Market Life Insurance Segmentation Program (Phase 1: Young Families)
Society of Actuaries Middle Market Life Insurance Segmentation Program (Phase 1: Young Families) September 2012 Sponsored By: SOA Marketing and Distribution Section SOA Product Development Section SOA
More informationFinancial Experience & Behaviors Among Women
Financial Experience & Behaviors Among Women 2010 2011 Prudential Research Study TENTH ANNIVERSARY E D I T I O N A report prepared by Prudential Research 0182849-00001-00 Acknowledgment A Decade of Progress
More informationHousehold Trends in U.S. Life Insurance Ownership
Household Trends in U.S. Life Insurance Ownership Full Report Cheryl D. Retzloff, LLIF, ACS Markets Research 860-285-7738 cretzloff@limra.com Maximize the Value of LIMRA Research The value of LIMRA research
More informationPreparing for the retirement you want
Preparing for the retirement you want You deserve an enjoyable retirement Retirement is one of life s most significant events. It marks the transition to a new and very wonderful stage of life. You will
More informationBoomer Expectations for Retirement 2015. Fifth Annual Update on the Retirement Preparedness of the Boomer Generation
Boomer Expectations for Retirement 2015 Fifth Annual Update on the Retirement Preparedness of the Boomer Generation April 2015 About the Insured Retirement Institute: The Insured Retirement Institute (IRI)
More informationState of the American Family:
An Educational Guide State of the American Family: Families, Financial Attitudes, and Planning American families have always weathered economic shifts, but the downturn of 2008 has affected families finances,
More informationNew Retirement Mindscape II study
New Retirement Mindscape II study How preparation affects retirement views and experiences A groundbreaking, comprehensive study of the retirement journey five years later. Contents 3 Abstract 4 Introduction
More informationSpring 2014. in partnership with. Employee Outlook
Spring 2014 in partnership with Employee Outlook WORK WORKFORCE WORKPLACE Championing better work and working lives The CIPD s purpose is to champion better work and working lives by improving practices
More information2 nd Annual CAP Member Research
2 nd Annual CAP Member Research Presented by: Tricia Benn Director of Research, Business and Professional Research Group Rogers Publishing October, 2007 Agenda Summary Of Findings Methodology Demographic
More informationStrategies for attracting and retaining female clients
Strategies for attracting and retaining female clients 1 Introduction: Why focus on female clients? 3 Lesson #1: Women are not a niche market 4 Lesson #2: Couples count a lot 5 Lesson #3: Communication
More information2011 Mortgage Consumer Survey
CANADA MORTGAGE AND HOUSING CORPORATION 2011 Mortgage Consumer Survey Everything you need to open new doors Key Findings from the 2011 Survey Buyers continue to view homeownership as an investment and
More informationUnderstanding RSPs. Your Guide to Retirement Savings Plans
Understanding RSPs Your Guide to Retirement Savings Plans Getting Started Some retirement basics Getting Ahead Setting your retirement savings goals Getting the Most Maximizing your RSP growth Getting
More informationWHITE PAPER Wellness that Works
WHITE PAPER Wellness that Works How program integration can maximize participation and create a culture of total health and wellness Written by the behavioral experts at eni www.eniweb.com Successfully
More information2012 HOUSEHOLD FINANCIAL PLANNING SURVEY
2012 HOUSEHOLD FINANCIAL PLANNING SURVEY A Summary of Key Findings July 23, 2012 Prepared for: Certified Financial Planner Board of Standards, Inc. and the Consumer Federation of America Prepared by: Princeton
More informationCanadians and Their Money Building a brighter financial future
Report of Recommendations on Financial Literacy EXECUTIVE SUMMARY AND RECOMMENDATIONS Canadians and Their Money Building a brighter financial future December 2010 Executive Summary Financial literacy is
More informationHow to Improve Your Financial Literacy For Women
Wise Women & Wealth Gwen Paddock National Director, Agriculture & Agribusiness 1 2 What we ll cover today The Studies say Financial Literacy Having a Financial Plan 3 In North America, women control 33%
More informationMoney for Life Build. Protect. Retire with confidence.
Money for Life Build. Protect. Retire with confidence. RETIREMENT LIFESTYLE QUIZ NAME DATE CURRENT AGE AGE YOU HOPE TO RETIRE Life s brighter under the sun RETIREMENT LIFESTYLE QUIZ Retirement is a major
More informationINSIDE EMPLOYEES MINDS
HEALTH WEALTH CAREER INSIDE EMPLOYEES MINDS THE TRANSFORMING EMPLOYMENT EXPERIENCE PART 1 CANADA SEPTEMBER 2015 INTRODUCTION INSIDE EMPLOYEES MINDS THE TRANSFORMING EMPLOYMENT EXPERIENCE At Mercer, our
More informationTackling runaway drug plan costs
Tackling runaway drug plan costs Drug management solutions not as tough a pill for employees to swallow Another Bright Paper brought to you by Sun Life Financial Group Benefits. September 2011 Foreword
More informationMatters of Fact Consumers, Advisors, and Retirement Decisions (and Results)
May, 2015 Matters of Fact Consumers, Advisors, and Retirement Decisions (and Results) A timely data summary from the LIMRA Secure Retirement Institute to help our members plan, respond, and react with
More informationRetirement income planning Get ready. Take control. Start moving.
Retirement income planning Get ready. Take control. Start moving. Your future is too important to leave it to chance. That s why taking control of your retirement with an organized, practical approach
More informationCFP Certification Continues to Gain Awareness, Marking 4 Consecutive Years of Gains
CFP Certification Continues to Gain Awareness, Marking 4 Consecutive Years of Gains Public Release Date: Monday, August 24, 2015, 12:00 PM EST Ipsos is an independent market research company controlled
More information_ Retirement. Planning for the Stages of. Getting started Your 20s and early 30s
Planning for the Stages of _ Retirement _ Retirement is being reinvented. It s no longer our parent s retirement. Social Security alone w o n t see us through retirement, especially for higher income earners.
More informationIntroduction 1 Key Findings 1 The Survey 1. 1. Retirement landscape 2
Contents Introduction 1 Key Findings 1 The Survey 1 1. Retirement landscape 2 2. Aspirations and expectations for a changing retirement 2 Canada is ranked third in the AEGON Retirement Readiness Index
More informationCURRENT ECONOMIC CONDITIONS ARE ALREADY IMPACTING BANKING AND FINANCE ACTIVITIES OF CANADIANS AGED 25 TO 54
CURRENT ECONOMIC CONDITIONS ARE ALREADY IMPACTING BANKING AND FINANCE ACTIVITIES OF CANADIANS AGED 25 TO 54 Six-in-Ten Canadians Aged 25 to 54 Are Paying More Attention to the Service Fees They Are Being
More informationBuild a Better Workplace: Engagement Edition
Build a Better Workplace: Employee Engagement Edition Employee engagement, that willingness of each employee to strive to do their best work on a daily basis, has become the leading indicator of performance
More information2014 MILLENNIALS RESEARCH STUDY
2014 MILLENNIALS RESEARCH STUDY In response to interest about the financial needs and challenges of younger employees, Voya Financial conducted an online survey among roughly 2000 young adults aged 20-34
More informationTake charge of your own finances.
Taking Care of Yourself What to expect Whether you work outside the home or are a stay-at-home parent, breast cancer might affect your ability to work, which can change your financial situation. If you
More informationInternational Retirement Security Survey
International Retirement Security Survey July 00 (Copyright 00 by AARP. All rights reserved.) www.harrisinteractive.com www.intlaffairs@aarp.org Table of Contents I. Background and Objectives II. III.
More informationFinding the Links Between Retirement, Stress, and Health
Finding the Links Between Retirement, Stress, and Health LOCKTON RETIREMENT SERVICES One in five workers reports feeling high levels of stress, and the top two drivers for this are economic: their jobs
More informationFINANCIAL PLANNING. the benefits of. financial planning. Prepare to reach your goals
FINANCIAL PLANNING the benefits of financial planning Prepare to reach your goals Take Control of Your Financial Future When you apply for life insurance, you typically will be asked to have a medical
More information5things. advisors often don t tell wealthy clients. Wayne G. Miller BMATH, ASA, ACIA
FEBRUARY 2015 5things advisors often don t tell wealthy clients It s time to put to rest the misconceptions that prevent people from getting the financial protection they need and want. Wayne G. Miller
More informationAdvisors Turning Independent Study. February 2012
Charles Schwab Advisors Turning Independent Study February 2012 2012 Charles Schwab & Co., Inc. ( Schwab ). All rights reserved. Member SIPC. Schwab Advisor Services includes the custody, trading and support
More informationThe Future of Retirement The power of planning
The Future of Retirement The power of planning Singapore Report Foreword It has been our constant endeavour to make research available to our customers and distributors to create awareness for the need
More informationNew Retirement Mindscape
New Retirement Mindscape 2012 City Pulse index Abstract Since 2010, Ameriprise Financial has polled Americans in the 30 largest U.S. metropolitan areas to determine where people feel the most prepared
More informationThe 10 Critical Questions to Ask BEFORE Hiring A Financial Planner
SPECIAL REPORT The 10 Critical Questions to Ask BEFORE Hiring A Financial Planner (You May Be Surprised By The Questions) GLENN STEWARDSON Financial Planner Glenn Stewardson, CFP Assante Capital Management
More informationThe Sharp Wealth Management Team
The Sharp Wealth Management Team Michael began his career in the investment industry in 1993 after graduating from Memorial University with a Bachelor of Commerce degree. Recognizing his passion for the
More informationA Winning Combination
A Research Study A Winning Combination What retirement plan sponsors value most from financial advisors January 2016 Contents 1 Background and Methodology 2 Key Findings 5 The Advisor Value Proposition
More informationThe Benefit of an RRSP, TFSA or Debt Repayment
February 2013 The RRSP, the TFSA and the Mortgage: Making the best choice Jamie Golombek It s important to save. Saving allows us to set aside some of our current earnings for enjoyment at a later time.
More informationDerrick Cameron, Financial Planner
Slide 1 Derrick Cameron, Financial Planner Hello and welcome to our presentation on retirement transition. My name is Derrick Cameron and I m Financial Planner (title) at RBC Financial Planning. I ll be
More informationDiscover TD Waterhouse. Investment and wealth management for every stage of your life
Discover TD Waterhouse Investment and wealth management for every stage of your life Welcome to TD Waterhouse Everyone at TD Waterhouse* is committed to helping you reach your financial goals. Whether
More informationTransferring wealth Effective strategies for the typical Canadian
Transferring wealth Effective strategies for the typical Canadian KEEPING IT IN THE FAMILY You ve worked a lifetime to accumulate assets. In fact, the average Canadian family has amassed total personal
More informationExploring Wealth Potential Across the Spectrum of Investors:
Insights on Advice Exploring Wealth Potential Across the Spectrum of Investors: Findings from the 2014 Fidelity Millionaire Outlook Study uncover valuable insights from the emerging affluent to the deca-millionaire
More informationALL YOU NEED TO KNOW ABOUT CHOOSING A FINANCIAL PLANNER
ALL YOU NEED TO KNOW ABOUT CHOOSING A FINANCIAL PLANNER CHOOSING THE RIGHT F I N A N C I A L A DV I C E Making the right decisions about your financial situation has never been more important. Knowing
More informationSPRINGWATER C APITAL
SPRINGWATER C APITAL RETHINK REVERSE increase portfolio longevity with a reverse mortgage LEARN HOW UTILIZING HOME EQUITY CAN BETTER YOUR CLIENT S FINANCIAL POSITION BY: Eliminating monthly mortgage payments
More informationYOUR DREAMS. YOUR LIFE. SIMPLIFIED. YOUR DFSIN ADVISOR: BECAUSE EVERYTHING IS POSSIBLE.
YOUR DREAMS. YOUR LIFE. SIMPLIFIED. YOUR DFSIN ADVISOR: BECAUSE EVERYTHING IS POSSIBLE. Before silencing your phone for your meeting, you put it on the desk to show the person you ve come to see some photos
More informationEconomic Confidence, Education, And Student Debt
Economic Confidence, Education, And Student Debt Is College Worth The Debt? With increased attention given to rising student debt levels, the question Is college worth it? is being asked more and more.
More informationA Report from the Girl Scout Research Institute 1
A Report from the Girl Scout Research Institute 1 Financial literacy is a growing concern given the state of the U.S. economy over the past five years. The recession has led to high unemployment, foreclosures,
More informationEmployee Mobility Survey
Employee Mobility Survey Employees in 24 Countries Assess Employee Mobility for a Total Global Perspective January 2013 Canadian Employee Relocation Council Executive Summary Executive Summary Thank you
More informationPresentation to: 2014 National Conference on Financial Literacy. A Roadmap to Well-Being: The Importance of Financial Planning to Society
Presentation to: 2014 National Conference on Financial Literacy A Roadmap to Well-Being: The Importance of Financial Planning to Society October 2014 Agenda 1 Who FPSC is 2 The need for planning 3 Highlights
More informationResearch report. Understanding small businesses experience of the tax system
Research report Understanding small businesses experience of the tax system February 2012 This research was commissioned by the HM Revenue & Customs (HMRC) Behavioural Evidence and Insight Team and Business
More informationSMALL BUSINESS OWNERS and THE CANADIAN LEGAL SYSTEM
SMALL BUSINESS OWNERS and THE CANADIAN LEGAL SYSTEM Understanding small business experience and attitudes toward legal disputes Helping small business owners understand and protect themselves from unexpected
More informationPublic Health Competency Based Employee Performance Management Self Assessment Tool - Manager/Supervisor
Public Health Competency Based Employee Performance Management Self Assessment Tool - Manager/Supervisor Public Health Competency Based Employee Performance Management Toolkit OPHA & Partners, Version
More informationTop 10 Mistakes to Avoid Before Retirement
Top 10 Retirement Planning Mistakes A Consumer s Guide 2011 The Advisory Firm, LLC TOP 10 RETIREMENT PLANNING MISTAKES A Consumer s Guide The Advisory Firm, LLC 2 2011 The Advisory Firm, LLC by James A.
More informationyou know you need financial advice but who do you turn to?
you know you need financial advice but who do you turn to? As financial affairs become more and more complicated, so the need for professional advice grows. It is a fundamental principle that the earlier
More informationWOMEN S PERSPECTIVES ON SAVING, INVESTING, AND RETIREMENT PLANNING
WOMEN S PERSPECTIVES ON SAVING, INVESTING, AND RETIREMENT PLANNING 1 WOMEN S PERSPECTIVES ON SAVING, INVESTING, AND RETIREMENT PLANNING November 2015 Insured Retirement Institute 2 WOMEN S PERSPECTIVES
More informationWorkers Still Uneasy About Financial Security and Retirement
Workers Still Uneasy About Financial Security and Retirement Results from Towers Watson s 2013/2014 Global Benefit Attitudes Survey By Jonathan Gardner and Steve Nyce 1 In the more than five years since
More informationACHIEVE YOUR FINANCIAL GOALS WITH THE HELP OF A COMMONWEALTH FINANCIAL PLANNER.
ACHIEVE YOUR FINANCIAL GOALS WITH THE HELP OF A COMMONWEALTH FINANCIAL PLANNER. Andrew has been our financial planner for 16 17 years. During this time Andrew s advice has always been very professional
More informationInvestor Profile Questionnaire. Client s Name: Advisor s Name: Date: Financial Goal: 4729-00A-JUNE15
Investor Profile Questionnaire Client s Name: Advisor s Name: Date: Financial Goal: 4729-00A-JUNE15 Questionnaire 1. When will you need access to this investment portfolio, whether by way of regular withdrawals
More informationLife s better when you have a plan
Life s better when you have a plan FINANCIAL PLANNING. WEALTH ADVICE. INVESTMENT MANAGEMENT. Let s make plans together When making decisions about your financial future, we believe these should be made
More informationpersonal retirement account Give your client s retirement plan some real leverage
personal retirement account Give your client s retirement plan some real leverage A retirement savings strategy using universal life insurance Here s the story Janet is 40 and a partner in a large law
More informationWorking with an advisor: Improved Retirement Savings, Financial Knowledge and Retirement Confidence! Your future. Made easier.
I N S I G H T S F R O M Working with an advisor: Improved Retirement Savings, Financial Knowledge and Retirement Confidence! ING research highlights the value of working with a financial advisor > People
More informationPublic Health Competency Based Employee Performance Management Self Assessment Tool - Consultant/Specialist
Public Health Competency Based Employee Performance Management Self Assessment Tool - Consultant/Specialist Public Health Competency Based Employee Performance Management Toolkit OPHA & Partners, Version
More informationgroup insurance plans for small business
group insurance plans for small business Presented by: Stephen Cragg Financial Security Advisor Group Broker table of contents About me Group broker services Additional services I provide Fifteen advantages
More informationRedefining Retirement in the Health Care Industry
Solutions Redefining Retirement in the Health Care Industry Aon Hewitt 2015 Report on Retirement Benefits in the Health Care Industry Part Three of a Five-Part Series: Efficient Retirement Design and Its
More informationA Guide to Planning for Retirement INVESTMENT BASICS SERIES
A Guide to Planning for Retirement INVESTMENT BASICS SERIES It s Never Too Early to Start What You Need to Know About Saving for Retirement Most of us don t realize how much time we may spend in retirement.
More informationLife insurance. Shedding light on. a practical guide to helping you achieve a lifetime of financial security
Shedding light on Life insurance a practical guide to helping you achieve a lifetime of financial security Learn more about: Safeguarding your loved ones Protecting your future Ensuring your dreams live
More information