Faced with persistently low interest rates, deteriorating funded status and a global pandemic, the confidence of Canadian pension plans worsened year-over-year (4.4 to 4.0*) but remained higher than 2017 (3.7) and 2018 (3.8). The decline occurred regardless of respondent size, type or status. Confidence is highest among large plans (4.3) and lowest among public plans (3.8).
- Year-over-year confidence
is lower across all plan categories - Large plans
are most confident
Confidence in meeting ongoing pension liabilities
How confident are you in your plan's ability to meet its ongoing liabilities?
A challenging year
- Public plans
are least confident
*Based on a 5-point scale where 5=extremely confident and 1=not at all confident