Dawn Torroba - Group Associate, RBC Group Advantage

Participation, understanding and more than just the "basics of savings" are enhanced with individual advice and ongoing education. Taking the time to design a key pillar for employees is important and providing consistent planning with advice makes it impactful. Offer more than just a digital platform...... ask me how.

60% of global DC plan sponsors cite concerns over members’ retirement income: report – Benefits Canada.com 60% of global DC plan sponsors cite concerns over members’ retirement income: report By: Staff August 5, 2025 August 1, 202509:00 Share Facebook LinkedIn Twitter Mail to a fried Print Staff Six in 10 (60 per cent) of global defined contribution plan sponsors say the state of members’ retirement ...

There is no crystal ball to indicate how long someone will be retired or a magic calculator to give an absolute number for how much money will be needed - the idea is to plan in the best possible way to provide options and opportunity to enjoy the later years of life.
Forgoing some instant gratification now; perhaps not buying the Coldplay tickets and holding onto the money you have earned that will work for you over time.
Fascinating that in this survey over 30% of people did not even know what their funds were invested in yet they were hoping to build a significant amount to retire on - there needs to be some participation, engagement, decision and discussion.
It's not going to happen without support and planning.

U.S. employees believe they'll need $1.28M to retire: survey Nearly half (48 per cent) of U.S. employees say they expect to retire with less than US$500,000 even though they believe they’ll need $1.28 million, according to a new survey by Schroders. It found a quarter (26 per cent) of respondents expect to retire with less than $250,000, while just 30 per c...

Clearly many Canadians could use help prioritizing savings for many things and a great way to do that is an employer sponsored program -

46% of Canadian employees prioritizing spending over retirement savings: survey Nearly half (46 per cent) of Canadian employees say they prioritize spending on their current lifestyle in place of saving for retirement, mainly due to paying off debts (38 per cent) or preferring to enjoy their life now (18 per cent), according to a new survey by IG Wealth Management. The survey,....