Retirement solutions
Growing assets to support retirees
Over the last decade, accumulation annuities* have driven growth in retirement
assets held by insurers - up an average of five per cent annually since 2012.
82%
of assets are
invested in
segregated
funds** – up from
73% a decade
ago
80%
of assets are in
the accumulation
stage – up from
77% a decade
ago
Individual payout
Group payout
Individual accumulation
Group accumulation
2014 2016 2018 2000 2022 2012
$
600B
$
200B
$
300B
$
400B
$
500B
$
100B
7%
50%
29%
14%
8%
51%
28%
13%
8%
55%
24%
13%
9%
57%
22%
12%
9%
58%
22%
11%
46%
31%
7%
16%
* Accumulation annuities are a flexible and secure investment vehicle for pension plans, RRSPs, TFSAs and
non-registered funds during the savings stage.
** See "How Insurers Invest."
Canadian Life & Health Insurance Facts // 2023 Edition
16
