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Canadian workplace savings balances rise more than 30% since 2022, Sun Life report shows

By Public Technologies
  • Sun Life's Oct. 27, 2026, research shows average workplace savings balances rose more than 30% across nearly every industry since 2022.
  • More than half of surveyed plan members identify workplace savings as a main source of retirement income.
  • Mental health practitioner claims reached nearly 3.5 times their 2019 level; the share of employees claiming rose approximately 2.5 times.
  • Employees under 30 recorded the fastest growth in mental health practitioner claims, with claims more than tripling since 2019.
  • Capital Accumulation Plan members retired at an average age of 63.7 in 2025, versus 65.1 nationally.


Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Sun Life Financial Inc. published the original content used to generate this news brief via CNW (Ref. ID: 202610270700CANADANWCANADAPR_C0049) on October 27, 2026, and is solely responsible for the information contained therein.

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