Are retirement saving plans secure?
Retirement saving plans have been making news headlines for a variety of reasons. One of those includes the security of pension plans when an employer runs into financial problems or is sold. Take for example the situation for workers at Sears Canada and Northstar Aerospace who may face a 19-24% reduction in pension benefits due to insolvency and layoffs. For all the details read more here.
Defined benefit and target benefit plans
Sears Canada has a defined benefit plan and Northstar Aerospace has a target benefit plan. Both […]
A new study confirms financial advisors deliver results for investors.
Two researchers from the Center for Interuniversity Research and Analysis of Organizations (CIRANO), working with survey data gathered by Ipsos-Reid in 2013, set out to measure the impact of financial advisors on asset growth. The study titled, The Gamma Factor and the Value of Financial Advice was released in the summer of 2016 and was most recently shared at a financial industry event in Toronto.
Who hires financial advisors?
Perhaps unsurprising, the research found that people with greater wealth and financial […]