iAtoday

Against a backdrop of economic uncertainty, members of group retirement savings plans are concerned about their ability to save enough money for retirement. 

Long-term saving directly competes with more pressing priorities such as the cost of housing, rising grocery bills and day-to-day financial pressures.

For sponsors, the issue is clear: their plans need to evolve so they remain relevant.

Plan flexibility: a must

In our market trend analysis, Savings and retirement | Rethinking group plans, our experts address the following:

• The diversified use of retirement savings vehicles in Canada, which highlights the importance of offering multiple savings options within group plans
• The evolving needs of plan members, who must manage many financial constraints throughout their working years
• The advantages of developing a complete workforce profile, broken down by expectations and financial needs
• The benefits of guidance offered through personalized advice services, which provides a structure for making decisions and a tangible way to reduce financial anxiety

An opportunity to support your clients

Group plans that combine flexibility, insights about plan members and guidance help to improve people’s financial health and enhance employers’ total offering.

Your clients are looking for simple, flexible solutions adapted to increasingly diverse financial paths? To guide them, start the discussion on the benefits of flexible group plans that can adapt to a wide range of needs.