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Joe Hornyak
Former editor of Benefits and Pensions Monitor and founder of Joe Hornyak Communications
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Finance Organizations Sign DE&I Code
More than 100 finance industry organizations across?the United States?and?Canada signed up within the first year to the industry's first voluntary?‘Diversity, Equity, and Inclusion Code for the Investment Profession,’?says the CFA Institute. Launched by the institute last February, the code fosters action to advance diversity, equity, and inclusion (DE&I) in the investment industry through six metrics-based principles built to generate a cycle of positive change for individuals and organizations. It also requires signatories to amplify the impact of their commitment by making the economic, business, and moral case for diversity, equity, and inclusion. Signatory organizations include the Alberta Investment Management Corporation, Mawer Investment Management, MFS Investment Management, Northern Trust Asset Management, and SLC Management.
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Million Dollar Myth Persists
A view persists that?$1 million?in savings is enough to retire comfortably, says an IG Wealth Management study. It found 63 per cent believe this which suggests many don't know what their cost of living will be once retired, says?Christine Van Cauwenberghe, head of financial planning at IG Wealth Management. She says this is because people are often misguided by outdated information and may not be getting the full retirement planning help they deserve. With lifestyle expenses and the added concerns surrounding the impact of inflation on financial plans, particularly retirement, Canadians need an individualized retirement plan to determine the number that will meet their unique needs. The study shows 33 per cent do not know what percentage of their current income they would need to cover expenses in retirement.
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