Avoiding Employee Turnover Costs with Retirement Benefits
Research shows that retirement benefits offer a powerful way to help businesses avoid employee turnover costs.
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How to know when it’s time to upgrade your retirement plan
With inflation, the higher cost of living, and an increasing trend of resignations, many employers are focused on retention and financial wellness tactics to avoid employee replacement costs and lost productivity. One way employers can help their employees save more money while boosting retention is by switching to a modern, low-fee retirement plan that employees …
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Lead better cybersecurity conversations in 2023
Common Wealth’s SOC 2 certification makes security evaluations easier More and more, cybersecurity is playing a critical role in the evaluation and selection of retirement benefits. Recent reports show that managing cyber risk is important for Canadian business leaders across company sizes. In 2022, PwC reported that cyber security is a top concern for more …
BlackRock’s ESG evolution is underway
As a retirement plan provider, a key part of the service we provide is access to a robust institutional-grade investment program that aims to give plan members the best possible risk-adjusted investment performance over time. That’s why we’ve partnered with BlackRock, the world’s largest asset manager and pioneer of the target date fund, a research-proven …
Pay vs. plan: the best way to retain staff in 2023
As new trends emerge, the latest data shows that despite economic challenges, retention remains a top priority for employers in 2023. At the same time, higher inflation is driving up employee financial stress – and the number of workers who will be asking for a pay raise. What’s the best way to help your clients …
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Future-proof your retirement business against regulatory change
CAP Guidelines are getting an overhaul. Here’s your TLDR Within the next year, big changes are coming to the rules that govern workplace retirement plans in Canada – changes that will leave legacy plan providers behind the times, and their clients looking for a better provider. At Common Wealth, we’re passionate about all things retirement. …
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Understanding market downturns and recovery cycles
Market volatility in context Everyone saving for retirement is likely to encounter several downturns over the course of their lifetime. According to analysis by the chief economist of Vanguard, between 1980-2020 investors experienced eight “bear markets” (defined as a decline of 20% or more lasting at least two months). In that time, markets have seen 13 “corrections” …
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Intelligent Investing with Target Date Funds
A Common Sense Approach to Retirement Investments Common Wealth automatically puts your money to work in a professionally managed BlackRock LifePath® target date fund. These funds provide a diversified investment that balances between growing your investment and protecting against risk by becoming more conservative as you near retirement age. Why Target Date Funds At Common …
A “retirement first” approach to employee benefits
The sequence in which to introduce employee benefits is one of the most important questions for HR leaders to consider in a growing organization. Here’s a common question we often hear as part of these conversations: “Aren’t retirement benefits something I should add later, once we have health benefits and other employee perks in place?” …
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