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Canada Ranks 8th for Retiree Wellbeing in 2019 Natixis Global Retirement IndexCanada rose one spot to No. 8 among developed nations on the 2019 Global Retirement Index, released today by Natixis Investment Managers. The annual index, a snapshot of the wellbeing and financial security of retirees in 44 countries, found Canada ranked higher in the finances and material wellbeing sub-indices, decreased in quality of life and held steady in health. The analysis by Natixis also identifies three global risks - low interest rates, longer lifespans and the high cost of climate change - that are weighing on retirees, policymakers and long-term global sustainability. "Meeting the needs of today's retirees while preserving retirement security for future generations continues to be one of the most pressing challenges for economies around the globe," said Jean Raby, CEO at Natixis Investment Managers. "We created the Natixis Global Retirement Index to help facilitate a candid conversation about what steps need to be taken to ensure retirement security on a global scale." Now in its seventh year, the Natixis Global Retirement Index examines 18 factors which influence retiree welfare in the areas of finances in retirement, material wellbeing, health and quality of life. The Index calculates the relative performance for each of the 44 countries on each of these criteria, resulting in a composite score that provides a comparative tool for evaluating retirement security globally. Highlights of the 2019 Global Retirement Index include:
Factors affecting the Canadian GRI ranking Canada saw its overall score improve on the back of better performances in both the Material Wellbeing (21st from 22nd) and Health (held steady at 8th) sub-indices compared to last year. The country scored lower in Quality of Life (13th from 9th) and Finances (7th from 8th). The following are notable factors affecting Canada's position:
Three pressing risks for retirement security The Natixis report, "Global Security. Personal Risks," supplements the 2019 Index and illustrates three pressing risks and their implications for retirees and future generations globally. The analysis serves to encourage dialogue among policymakers, employers and individuals to understand the impact and help manage the risks to society.
To download a copy of the Global Retirement Index, visit im.natixis.com/us/research/2019-global-retirement-index. Methodology The Global Retirement Index assesses factors that drive retirement security across 44 countries where retirement is a pressing social and economic issue. It was compiled by Natixis Investment Managers with support from CoreData Research. The index includes International Monetary Fund (IMF) advanced economies, members of the Organization for Economic Cooperation and Development (OECD) and the BRIC countries (Brazil, Russia, India and China). The researchers calculated a mean score in each category and combined the category scores for a final overall ranking of the 44 nations studied. About the Natixis Investment Institute The Natixis Investment Institute applies Active Thinking® to critical issues shaping the investment landscape. A global effort, the Institute combines expertise in the areas of investor sentiment, macroeconomics, and portfolio construction within Natixis Investment Managers, along with the unique perspectives of our affiliated investment managers and experts outside the greater Natixis organization. Our goal is to fuel a more substantive discussion of issues with a 360° view of markets and insightful analysis of investment trends. About Natixis Investment Managers Natixis Investment Managers serves financial professionals with more insightful ways to construct portfolios. Powered by the expertise of more than 20 specialized investment managers globally, we apply Active Thinking® to deliver proactive solutions that help clients pursue better outcomes in all markets. Natixis Investment Managers ranks among the world's largest asset management firms6 with more than $1 trillion assets under management7 (€898.2 billion). Headquartered in Paris and Boston, Natixis Investment Managers is a subsidiary of Natixis. Listed on the Paris Stock Exchange, Natixis is a subsidiary of BPCE, the second-largest banking group in France. Natixis Investment Managers' affiliated investment management firms include AEW; Alliance Entreprendre; AlphaSimplex Group; Darius Capital Partners; DNCA Investments;8 Dorval Asset Management; Flexstone Partners; Gateway (News - Alert) Investment Advisers; H2O Asset Management; Harris Associates; Investors Mutual Limited; Loomis, Sayles & Company; Mirova; MV Credit; Naxicap Partners; Ossiam; Ostrum Asset Management; Seeyond; Seventure Partners; Thematics Asset Management; Vauban Infrastructure Partners;9 Vaughan Nelson Investment Management; Vega Investment Managers;10 and WCM Investment Management. Investment solutions are also offered through Natixis Advisors and Dynamic Solutions. Not all offerings available in all jurisdictions. For additional information, please visit Natixis Investment Managers' website at im.natixis.com | LinkedIn (News - Alert): linkedin.com/company/natixis-investment-managers. Twitter (News - Alert): @NatixisIM Natixis Investment Managers' distribution and service groups include Natixis Distribution, L.P., a limited purpose broker-dealer and the distributor of various registered investment companies for which advisory services are provided by affiliated firms of Natixis Investment Managers, and Natixis Investment Managers S.A. (Luxembourg) and its affiliated distribution entities in Europe and Asia.
1 Data Source (News - Alert): World Bank WDI 2019, OECD, based on the latest data available (2013 to 2017)
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