The gender pay gap doesn't stop at salaries - it impacts pensions too. This year, Canada's pension gap has widened to 17%, meaning women earn 83 cents for every dollar men receive in retirement income.
https://t.co/RqLgf8koNn
Decumulation is quickly becoming a crisis. A Nobel Prize winning economist says it's the "nastiest, hardest problem in finance". We're curious to find ways that pensions can help Canadians who are struggling to budget for retirement.
https://t.co/R2Sd1Ux9xD
Great work is being done by Lilach Frenkel at CAAT Pension Plan in this area, which serves as a reminder to have fun, experiment, and explore new possibilities. You never know what you might discover! https://t.co/7NvEtCm9RP
Are you aware of industry trends, such as emerging technologies like artificial intelligence, and their potential implications for your organization? Keeping an eye on pension industry trends can guide modernization efforts to align with important industry shifts.
We love talking to Canadians about their challenges, goals, and questions about pensions! In our first survey, we heard some great new ideas about how to make retirement better.
As a pension industry, we should all focus on delivering for today with an eye towards the future. That's why we continue to invest in primary research to help shape the future of pensions. See how @OMERS's Chief Pension Officer is reimagining retirement: https://t.co/6tTgqopNjt
More insights from @HOOPPnow's annual survey: Only 59% of Canadians with a workplace pension plan feel prepared for retirement. At Fuse, we're developing solutions to maximize this number. https://t.co/muhOhxzFjH
This is a huge win for these workers, and the industry as a whole. Pension coverage not only benefits the employees covered by it, but the employers looking to improve their recruitment and retention.
This fall, the federal government will introduce legislation expanding #pension eligibility to frontline public safety and law enforcement workers in Canada. https://t.co/UPvzrkRD9X
Canadaβs central bank will likely need a digital currency (a "digital loonie") to maintain monetary sovereignty and financial stability in the future. We're curious to see the implications of this - especially from a Canadian pension payment perspective. https://t.co/SkZvh0HEKP
Weβre always working to learn more about these challenges employees and employers face, and finding solutions that benefit everybody. See the rest of our survey results here: https://t.co/mJFkZ7LMPn
In our first survey, there were some common challenges that respondents reported about pensions. Canadians said #pension plans can be:
π Confusing
π Complicated
π Not widely available
π Limited in value
π Unsustainable
π Not dependable
Last month, Chaz and Genevieve represented Fuse at the Annual Association of Canadian Pension Management Ontario Council Golf Tournament! Too bad we had to wear toques in June! We're looking forward to the 2024 ACPM National Conference this September. No toques required, we hope.
π When asked if their pension had a positive impact on society, a whopping 64% of survey respondents were unsure. At Fuse, we know this is a huge opportunity to help Canadians understand the good that pensions do!
The pension industry isnβt fading away - in fact, itβs back and better than ever. With increased longevity and a newfound interest in retirement, a shift is taking place. This includes a preference for defined benefit plans and holistic financial wellness. https://t.co/zon5UH1b9F
A study released by Sun Life found one-third of Canadians face challenges with retirement planning, and more than half worry they donβt have the money needed to retire. This is why itβs critical for pensions to do more to help their members plan. https://t.co/SxKL8Y7YFM