As Canada’s first and only Pension Plan as a Service, Blue Pier™ democratizes pensions by making real pensions possible for everyone, without the costs, risks, and employer workload of the traditional, old-economy pension plans of the 20th century. Blue Pier leverages financial technology, scale, and unique governance and design features to make it possible for all Canadians to build a secure retirement income. Twelve million Canadians (70% of the workforce) have no workplace pension plan. Blue Pier solves this market failure by making pension plan membership available to everyone, including self-employed professionals and employees of the small- and medium-sized businesses which employ most of Canada’s workforce. Blue Pier is unique in an asset market of $3.5 trillion that’s growing at almost 4% annually. While that number sounds like a lot, it’s not nearly enough: The World Economic Forum estimates that Canada’s shortfall in retirement savings is $3 trillion today and will rise to $1.
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