Canada $1.2 Trillion Insurer Manulife Issues Call for Change in Retirement Systems: 1) People are Living Longer with Retirement Phase of 30 to 40 Years, 2) 1.6 Billion People Will be Over Age 65 by 2050, 3) Too Many Retirement Systems & were Designed for Shorter Retirements, Linear Career, Stable Employer Relationships & Defined Benefit Promises (Employer Retirement Savings Plan with Monthly Payout), 4) Almost 50% of Retirees Left Workforce Earlier Due to Health, Caregiving Responsibilities or Economic Stress, 5) Retirements Systems Negative Consequences Can Cause Issues in Public Healthcare, Housing & Social Welfare Which Creates Long-Term Fiscal Issues for Government
26th May 2026 | Hong Kong
Canada insurer Manulife ($1.2 trillion AUM & AuA) has issued a call for change in retirement systems – 1) People are living longer with retirement phase of 30 to 40 years, 2) 1.6 billion people will be over age 65 by 2050, 3) Too many retirement systems & were designed for shorter retirements, linear career, stable employer relationships & defined benefit promises (Employer retirement savings plan with monthly payout), 4) Almost 50% of retirees left workforce earlier due to health, caregiving responsibilities or economic stress, 5) Retirements systems negative consequences can cause issues in public healthcare, housing & social welfare which creates long-term fiscal issues for government. Announcement (18/5/26): “Manulife today released a new retirement thought leadership piece, “Securing Retirement: What Makes a Strong Retirement System,” sounding a call to action for governments, employers, and financial institutions to modernize retirement frameworks. With global life expectancies increasing, the report argues that retirement is no longer a short transition but a phase commonly spanning 30 to 40 years. By 2050, the world will be home to 1.6 billion people aged 65 and over, with Asia alone accounting for nearly two-thirds of this population. Despite this demographic shift, many current systems remain designed for a bygone era of shorter lifespans and linear careers. The report also highlights a significant “penalty” for overly conservative investing. Manulife’s analysis shows that relying solely on bonds instead of maintaining appropriate equity exposure could translate into over US$1,200 less in monthly retirement income. The Challenge: A Different Era – Current retirement systems are struggling to keep pace with a reality of 40-year retirements. Across advanced and emerging economies, typical replacement rates have fallen below 50% of pre-retirement income. Furthermore, nearly half of retirees are forced to exit the workforce earlier than planned due to health or economic stress. The report identifies five defining qualities essential for a strong retirement system: 1) Adequacy and Longevity Protection: Focusing on sustainable income that lasts a lifetime rather than just building an account balance. 2) Access and Inclusion: Ensuring gig workers, part-time employees, and women are not left behind by formal frameworks. 3) Flexibility with Protection: Balancing personal investment choices with safeguards to prevent premature depletion of savings. 4) Confidence through Advice: Using digital and human guidance to turn financial complexity into clarity. 5) Transparency and Accountability: Building trust through clear communication of risks, fees, and outcomes. View report here
“ Canada $1.2 Trillion Insurer Manulife Issues Call for Change in Retirement Systems: 1) People are Living Longer with Retirement Phase of 30 to 40 Years, 2) 1.6 Billion People Will be Over Age 65 by 2050, 3) Too Many Retirement Systems & were Designed for Shorter Retirements, Linear Career, Stable Employer Relationships & Defined Benefit Promises (Employer Retirement Savings Plan with Monthly Payout), 4) Almost 50% of Retirees Left Workforce Earlier Due to Health, Caregiving Responsibilities or Economic Stress, 5) Retirements Systems Negative Consequences Can Cause Issues in Public Healthcare, Housing & Social Welfare Which Creates Long-Term Fiscal Issues for Government “
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Manulife Wealth & Asset Management – As part of Manulife Financial Corporation, Manulife Wealth & Asset Management’s mission is to make decisions easier and lives better by helping people invest confidently to pursue a more secure financial future. Our strength comes from the diversity of our global asset management expertise and distribution capabilities. Our global investment teams span equities, fixed income, alternative credit, private markets, and multi-asset solutions. We provide investment, financial advice, and retirement plan services to millions of individuals, institutions, and retirement plan members worldwide. At the heart of our approach are three cultural pillars: Partner for Progress, Trust through Transparency, and Intellectual Curiosity. These values shape how we build long-term relationships, develop differentiated investment strategies, and empower advisors and clients to seek meaningful financial outcomes. Whether through cutting-edge technology, AI innovation, personalized advice, or sustainable stewardship, Manulife Wealth & Asset Management is a trusted partner helping clients navigate complexity and invest with confidence. Not all offerings are available in all jurisdictions. For additional information, please visit manulifeim.com.
Manulife – Manulife Financial Corporation is a leading international financial services provider, headquartered in Toronto, Canada. Anchored in our ambition to be the number one choice for customers, we operate as Manulife across Canada and Asia, and primarily as John Hancock in the United States, providing financial advice, insurance and health solutions for individuals, groups and businesses. Through Manulife Wealth & Asset Management, we offer global investment solutions, financial advice, and retirement plan services to individuals, institutions, and retirement plan members worldwide. At the end of 2025, we had more than 37,000 employees, over 106,000 agents, and thousands of distribution partners, serving over 37 million customers with operations across 25 markets globally. We trade as ‘MFC’ on the Toronto, New York, and Philippine stock exchanges, and under ‘945’ on the Hong Kong stock exchange. Not all offerings are available in all jurisdictions.
Canada $1.2 Trillion Insurer Manulife Issues Call for Change in Retirement Systems: 1) People are Living Longer with Retirement Phase of 30 to 40 Years, 2) 1.6 Billion People Will be Over Age 65 by 2050, 3) Too Many Retirement Systems & were Designed for Shorter Retirements, Linear Career, Stable Employer Relationships & Defined Benefit Promises (Employer Retirement Savings Plan with Monthly Payout), 4) Almost 50% of Retirees Left Workforce Earlier Due to Health, Caregiving Responsibilities or Economic Stress, 5) Retirements Systems Negative Consequences Can Cause Issues in Public Healthcare, Housing & Social Welfare Which Creates Long-Term Fiscal Issues for Government
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