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United States Ranks as 19th Best Country for Retirees

By Business Insider

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(Alamy)

By MANDI WOODRUFF

For retirees hoping to live long and prosper in their golden years, the U.S. is only the 19th best place to be, according to a new index by the NGAM Durable Portfolio Research Center.

The humbling report, called the Natixis Global Retirement Index, places Western European countries far ahead of the U.S. in areas like health, finances, quality of life, and material well-being.

“The message is clear: You will be called on to finance more of your retirement,” John Hailer, NGAM‘s president and chief executive officer, said in a statement.

“Citizens of other industrialized nations can rely on strong social safety nets in old age, at least for now. In the U.S., we encourage workers to plan, save and invest, and promote policies that help them meet their future needs.”

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Norway ranked the best out of 150 nations studied, followed by Switzerland, Luxembourg, Sweden and Austria.

The U.S. was also overshadowed by its neighbor to the North, Canada (No. 13), Japan (No. 15), and came in just one spot ahead of the United Kingdom (No. 20).

Here’s where the U.S. falls behind:

A costly health care system. Although the U.S. spends more on health care per capita than any other country in the world, consumers are still left to cover a big portion of those costs on their own. For retirees, those costs only increase with age. On average, a 65-year-old couple will shell out more than $250,000 for out-of-pocket health care spending needs, according to U.S. News and World Report. Nearly all the high-ranking countries in the NGAM index have universal health care systems in place.

Aging boomers. Americans are living longer than ever, but federally-sponsored social programs that so many older consumers rely on today may not be able to sustain future retirees. According to NGAM, the number of people aged 65 or older is on track to triple by 2050. There’s no telling how long Social Security will last as a viable income option, and as it stands, more than half of married couples and 74 percent of unmarried persons receive 50 percent or more of their income from Social Security. It’s more vital than ever for consumers to re-estimate how much they’ll need to support themselves in retirement.

Retirement savings deficit. It should come as no surprise that more consumers are relying on social programs to supplement their income in old age. The Great Recession played its roll in pummeling nest eggs for millions of workers, but U.S. workers aren’t exactly known for their savvy savings strategy to begin with. More than 53 percent of American workers 30 and older are on a path that will leave them unprepared for retirement, according to a recent U.S. Senate Report. And as it stands, only one-third of eligible workers …read more
Source: FULL ARTICLE at DailyFinance

Hill+Knowlton Canada's health practice strengthens senior leadership

By Business Wirevia The Motley Fool

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Hill+Knowlton Canada’s health practice strengthens senior leadership

Leslie McGill joins, Francine Beck appointed to new role

TORONTO–(BUSINESS WIRE)– Hill+Knowlton Strategies (H+K), Canada‘s No. 1-rated public relations and public affairs firm, today announces two appointments in the national health practice. Leslie McGill joined the firm as senior vice-president and Francine Beck has been promoted to senior vice-president. Both share leadership of the company’s health practice.

“Our most distinguishing feature is that we can seamlessly integrate public affairs and public relations from coast to coast – there isn’t another agency in Canada like us,” says Mike Coates, chairman and CEO of H+K Canada. “We’ve put tremendous focus on building a strong health team with diverse talents so we can address the ever-evolving needs of our growing roster of health clients; and we’re illustrating that from the top down with Leslie and Francine’s appointments.”

Francine Beck is a 20-year health-consulting veteran. She has extensive communications and marketing expertise, supporting domestic and global clients in the life sciences (pharmaceutical), consumer health, environment and physical activity sectors. A former journalist, she is a seasoned media relations strategist with expertise in stakeholder engagement, sponsorship amplification, social marketing campaigns and health-care professional communications.

Prior to joining H+K, Francine worked in a senior capacity at another international agency playing a lead role in business development for health-focused clients. In addition to her work in health and pharmaceuticals, she was also lead agency counsel for TO 2008 – Toronto’s bid for the 2008 Olympic and Paralympic Games – and mobilized support for Toronto, working with government leaders and journalists from around the world.

Leslie McGill is a seasoned health-care strategist who joins H+K directly from the Ontario Pharmacists’ Association where, as vice-president strategic development, she integrated the communications, partnerships and membership functions of the Association and led several complex projects including multi-partner communications for the province-wide roll out of pharmacists’ increased scope of practice.

As senior vice-president for Medbuy Corporation, Canada‘s leading health-care group purchasing organization, Leslie developed a deep understanding of both the Canadian and U.S. landscapes for bulk purchasing – not only for pharmaceuticals, but also medical capital equipment, medical devices and medical/surgical consumables. During her 25 years in health-care communications, marketing and public affairs she has consulted to a wide range of public- and private-sector organizations, providing counsel on product launches, fundraising, reputation management, corporate social responsibility, strategic partnerships, brand positioning, change management and community relations.

…read more
Source: FULL ARTICLE at DailyFinance