Common Wealth Retirement

“For example, [some employers allow] employees to direct their own savings to a tax-free savings account or non-registered account where funds can be withdrawn for debt repayment, while still directing matching contributions from the employer to a traditional pension arrangement. Employers adopting plans with this type of flexible design are noticing higher employee engagement and financial literacy which is helping Canadians in their day-to-day lives.” Benefits Canada

Employer matching key to supporting young workers’ retirement readiness: report | Benefits Canada.com Employer-sponsored retirement plans that offer matching contributions can help younger workers retire earlier and with more money, according to a new report by Mercer Canada. The report based its findings on a sample worker aged 30 earning $70,000 and with $30,000 of personal debt, using five per ce...

RRSPs may be on everyone's minds right now, but we can't overlook the importance of a TFSA for modest earners. Our very own Alex Mazer weighs in on this powerful savings option in Morningstar, Inc.'s piece.

When Does a TFSA Beat an RRSP? Usually, when your income is lower, a TFSA is a better bet.

We’re ecstatic to announce that World Finance magazine has recognized Common Wealth as the Most Innovative Company in the Pension & Retirement Industry! This Innovation Award underscores our achievement in creating a modern group retirement platform that delivers greater value to our plan members, employers, and advisors.

“This international honour highlights the pivotal role technology is playing in reshaping the retirement industry. Our team’s commitment to innovation and excellence is resulting in more Canadian businesses providing their employees with a path to a financially secure future. We’re inspired to continue to leverage modern technology to unlock greater value for our clients and partners.” – Jonathan Weisstub and Alex Mazer, co-founders and co-CEOs, Common Wealth

For more on the award: https://hubs.la/Q02cl_Jm0

Matthew Forestell is the newest member of the Common Wealth team! We're thrilled to have him join as Business Analyst and look forward to his contributions to the company.

With 64% of Canadians concerned about falling behind financially this year, we commend the businesses, including our Common Wealth employers, that have stepped up to provide their employees with a way to save for the future. https://www.benefitscanada.com/news/bencan/employers-play-crucial-role-in-supporting-employees-savings-amid-rising-cost-of-living-expert Benefits Canada

Employers play crucial role in supporting employees' savings amid rising cost of living: expert | Benefits Canada.com As Canadians struggle to save amid the rising cost of living, employers play a crucial role in facilitating savings options for their employees, says Doug Crowe, vice-president of RBC Group Advantage, the Royal Bank of Canada’s group retirement division. “The first important step employers can m...

Common Wealth has been named a finalist for the annual Pensions & Investments WorldPensionSummit Excellence and Innovation Awards 2023! It's exciting to be a nominee in the Communication & Engagement category after winning the Technology Innovation award last year. We share this recognition with our clients and partners, who are helping Canadian workers feel more confident about their financial future.

For more on the P&I WorldPensionSummit in The Hague from October 10-12: https://hubs.la/Q01_tHtH0

It's no surprise to us that WTW's survey has found competition for talent (84%) to be the top issue influencing Canadian employers' benefit strategies, with roughly a third of employers looking to improve their market positions on financial well-being and retirement plans. Benefits Canada

Survey finds 84% of employers say competition for talent impacting benefits strategy | Benefits Canada.com Canadian employers say competition for talent (84 per cent) is the No. 1 issue influencing their benefits strategies, according to a new survey by WTW. The survey, which polled around 130 employers, found rising mental-health issues (63 per cent), a focus on inclusion and diversity (48 per cent) and...

A very warm welcome to Kade Taylor, our new Customer Success Specialist! Kade joins us from Shopify, and we're excited to have his energy and expertise in client support at Common Wealth.

To understand why we're passionate about the work we do at Common Wealth and how we're breaking down the barriers to retirement benefits for advisors, employers, and members, take a listen to this exceptional D-BEnefits Podcast interview with David Emanuel of IDC Worldsource and our very own Jonathan Weisstub.

Common Wealth - Common Sense - D-BEnefits Podcast Common Wealth has built a single-stack cloud based Group Savings Platform. Jonathan Weisstub is a deep thinking business leader who is focussed on identifying complex problems and breaking them down into solvable chunks all in the pursuit of buil...