Aon's Canadian Capital Accumulation Plans Point of View

Around the globe, Aon is helping clients tackle the challenges that come with the growing reliance on Capital Accumulation Plan (CAP) savings. Although regulatory environment, pace of change, and savings program models may vary geographically, the underlying challenges of this market climate remain the same. The shift of risk from the employer and/or government to individual members, low savings rates, a lack of member engagement and/ or understanding, and the impact of increasing longevity on retirement planning all stand as hurdles that need to be carefully managed.

This paper represents an update on our Canadian Points of View released in December 2019, with further emphasis on the impact that plan design, member engagement, and overall wellbeing have on driving individual outcomes.