Dream Teams

The C.D. Howe Institute posted a report saying that too many Canadians have inadequate savings and pension plans for an adequate retirement. About 3.5 million workers have no workplace pension plans and 5.5 million households (i.e. 1-2 workers in each household) have retirement investments that will yield insufficient retirement incomes. The goal is 50 to 70 percent replacement of your pre-retirement income.

Compounding the problem are the very high management fees associated with retail investment products which come off the top of your returns.

According to the report, the solution is a supplementary pension plan for Canada.

In “The New Retirement” […]

In my research and contacts with numerous organizations I’ve come across an interesting observation. The people running things and making long-term decisions about how to handle the emerging demographic shift and labour shortages are generally within a few years of retirement themselves.

This only makes sense. After all, the most experienced people in a large organization by definition have been around a while, and they are entitled to retire after many years of service.

If good succession planning is happening, then perhaps it makes sense to turn this issue over to the candidate who is most likely to be filling the […]