Fewer than half of working age Canadians have a workplace retirement plan, according to the Manulife Investor Sentiment Index.
Produced by Manulife Financial, the index is a semi-annual measure of investors’ views on a range of asset classes and savings and investment vehicles, as well as their confidence in these areas. Now in its 15th year and conducted by Research House, the index is based on an online survey of 1,000 Canadians ages 25 and older.
The survey shows that fewer than half (47 percent) of working age Canadians have a workplace retirement savings plan. The research also finds that most Canadians are risk-averse in their approach to saving and investing and are likely missing opportunities to safely increase their savings, such as maximizing an employer-sponsored pension plan.