We’re pleased to share with you the highly anticipated Designed for Savings 2021, the CAP industry’s flagship benchmark report.
Designed for Savings remains required reading for plan sponsors, advisors and consultants seeking insight on how Canadians save. Our unrivalled depth and breadth of data means we can provide insights that no other provider is able to.
The report includes robust data and analysis on topics like plan design, products, balances and contributions. In addition, this year’s report also includes new sections on decumulation and member behaviours during the pandemic.
Read the latest Designed for Savings report here. You can use it as a resource year-round to help with plan design decisions.
2021 Key Highlights
Highlights from the 2021 report include:
- Voluntary auto-enrolment driving higher participation rates.
- Larger plan sponsors adopting more TFSAs as flexible savings options within workplace plan
- Increase in Target Date fund assets
- Trends around retirement age (spoiler alert: it’s creeping higher!)
- Retirement income trends
We have several exciting initiatives we’ll be launching during the first half of 2022. These will examine various angles of the report with further insight and analysis. We’ll share details on these additional initiatives over the coming months.
Bookmark the Designed for Savings 2021 website and check back for new and refreshed content.
For more information, please contact your Group Retirement Services representative.