Turning Savings into Security: Canadians Feel on Track for Retirement, But Worry About What Comes Next

BlackRock's first Canada Read on Retirement report reveals that while 61% of Canadian workplace plan participants feel on track for retirement savings, significant concerns persist about retirement security. Key findings show 68% worry about outliving savings, 72% may reduce contributions, and 90% want better lifetime financial smoothing. The report highlights a gap between savings confidence and retirement security, pointing to opportunities for improved plan design, investment strategies, and retirement guidance tools.