The Association of Canadian Pension Management (ACPM) has launched a retirement literacy website, which is aimed at educating Canadians about their retirement options.
The ACPM Retirement Literacy website contains quizzes that will test Canadians’ knowledge around three main categories of information: government retirement programs, individual savings plans, and workplace retirement savings plans.
“Now more than ever, it is important that Canadians increase their awareness of the retirement income options that are available to them in order to help build a secure retirement for themselves,” said Hugh Wright, ACPM chair of the board, in a press release.
According to the ACPM, the website will differ from other sources of information in that it requires Canadians to select answer options to questions that are designed to improve their familiarity with terminology while increasing their subject knowledge. Content for its Question-and-Answer sections are from impartial sources and links to additional government information is provided.
“Having a well thought-out plan is an important element to ensuring that Canadians have a ‘retirement nest egg’ to reach their retirement goals,” said Jane Rooney, financial literacy leader.
Over the coming months and years, ACPM intends to revise and expand the Retirement Literacy website in conjunction with the most recent information available.
The website does not require any user registration and is completely free of charge.