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Retirement solutions
Sources of annuity
contributions
Pension plans
RRIFs
RRSPs & TFSAs
Non-registered savings
2018 annuity
contributions
$
48B
Over 85 per cent of small businesses that provide
pensions, RRSPs, TFSAs, RRIFs to employees
offer these through life and health insurers.
Annuities aren't like other retirement
income products. Here's what they offer
that's different:
Growth in retirement assets held by insurers over the past decade has been driven mostly
by accumulation annuities - up an average of 7 per cent annually since 2008.
Benefits of owning annuities
Group payout
Individual payout
Group accumulation
Individual accumulation
Lifetime income
benefits
$
$
Solutions for
pension plan
de-risking
Maturity
guarantees
Growing assets to support retirees
79%
of assets are in the
accumulation stage
– up from 74% a
decade ago
Life and health insurers manage retirement
savings for over 8 million Canadians
$
450B
$
350B
$
250B
$
200B
$
300B
$
400B
$
150B
$
100B
$
50B
2018 2016 2014 2012 2010
44%
33%
7%
7%
7%
7%
8%
16%
46%
31%
16%
50%
29%
14%
52%
28%
13%
55%
24%
13%
2008
42%
32%
18%
8%
