At Mercer Canada’s 26th Annual Retirement Outlook and Fearless Forecast, leaders in our Wealth business discussed the market outlook for Canada.
Mercer’s Retirement Outlook
Do we need to re-think retirement?
According to the most recent survey from the World Economic Forum on global retirement savings, it is estimated that the current retirement savings gap is USD $70 trillion. By 2050, this is expected to grow to USD $400 trillion. In Canada alone, our retirement savings gap is currently USD $2.5 trillion. This is a staggering number.
In light of changing workforce demographics, low financial literacy, public financial constraints and poor savings habits, how will Canadians overcome this savings gap?
How Mercer Can Help
The stress of financial security is affecting your employees now. Mercer’s retirement, investment and financial wellness programs help employees take action and reduce financial worries while employers increase workforce engagement and productivity.
As a plan sponsor, the future is anything but certain. Mercer can help you make the most of your pension plan, whether you're mitigating risk, winding down a Defined Benefit plan or looking to create or enhance your employees Defined Contribution Plan. Contact us to find out more.
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