Pensions fade, study finds
Lack of clear income targets and risk planning for retirement
IG Wealth Management’s latest annual retirement study – More than half of non-retired Canadians feel negative about retirement and doubt they can afford to stop working.
Less than half (48 percent) of non‑retirees have any workplace pension plan at all, whether defined benefit (DB) or defined contribution (DC).
The study, conducted with Pollara Strategic Insights, shows limited planning even among those who are still working.
Few have built inflation, health‑care costs, market downturns, or longevity risk into their plans, and more than two‑thirds (67 percent) have not stress‑tested their retirement plan against any major economic or financial risk.
In a world without guaranteed pensions, she believes professional advice is one of the strongest tools Canadians have.
Full Read:
- wealthprofessional
- https://www.wealthprofessional.ca/news/industry-news/canadians-face-retirement-pessimism-as-pensions-fade-study-finds/391539
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