Results of the first survey National Bank Retirement Index for business owners - Business owners more confident than individuals about retirement

Montreal, 2 December 2010 - 

A study conducted by Saine Marketing1 for National Bank Financial Group revealed that business owners are more confident (7.2/10) about retirement than Canadians in general (6.0/10)2.

The survey also showed that 31% of business owners intend to retire in the next decade, with 14.7% retiring within the next 5 years and 16.3% within 5 to10 years. What’s more, business owners who have a business transfer plan in place are particularly confident (7.6/10), while those with a transfer plan and an individual pension plan are even more confident (7.7/10).

“In addition to offering a business transfer plan, National Bank Financial Group also gives clients access to specialized experts to guide them through the entire business transfer process. We understand that business owners need to carefully plan their business transfer in order to enjoy a comfortable retirement. Clients can count on our experienced advisors to help guide them with their retirement planning,” stated Nathalie Lauzier, Vice-President – SME Market, National Bank Financial Group.

National Bank Financial Group is pleased to announce that the Retirement Index for business owners, a new retirement diagnostic tool exclusive to the Financial Group and designed specifically for business owners, is now available online.

“Based on the National Bank Retirement Index launched in September 2009 for individuals, the application for business owners allows them not only to discover how confident they are about retirement, but also to compare their results with other owners of similar sized businesses,” stated Patrice Delisle, Senior Manager – Retirement Strategy, National Bank Financial Group.

The retirement index contains information sheets associated with each statement of the retirement index to boost business owners’ confidence. To access the retirement index for business owners and our other useful retirement tools, visit www.nbc.ca/retirement.

About National Bank of Canada
National Bank of Canada is an integrated group that provides comprehensive financial services to consumers, small and medium-sized enterprises and large corporations in its core market, while offering specialized services to its clients elsewhere in the world. National Bank offers a full array of banking services, including retail, corporate and investment banking. It is an active player on international capital markets and, through its subsidiaries, is involved in securities brokerage, insurance and wealth management as well as mutual fund and retirement plan management. National Bank has over $145 billion in assets and, together with its subsidiaries, employs 18,322 people. The Bank’s securities are listed on the Toronto Stock Exchange (NA:TSX). For more information, visit the Bank’s website at www.nbc.ca. To access National Bank Financial Group’s financial education portal, visit www.clearfacts.ca.

1 Source: National Bank Financial Group together with Saine Marketing conducted a two-part survey (involving 1,125 Canadian business owners from November to December 2009 and 1,050 from June to August 2010).

2 Based on the results of the survey of individuals in June 2010.

Information: (The telephone number provided below is for the exclusive use of journalists and other media representatives.)

Joan Beauchamp
Senior Advisor – Public Relations
National Bank Financial Group
Tel.: 514-394-6500