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RBC and the University of Waterloo announce creation of
retirement research centre
Innovative centre will provide Canadian boomers with access
to retirement research and resources
TORONTO, May 12, 2010— The first wave of
boomers turns 65 in 2011 and with this, a significant portion
of the population will need advice, resources and information
to help plan, transition and thrive in retirement. To support
these needs, RBC today announced a research partnership with
the University of Waterloo, one of Canada's leading post-secondary
educational institutions, which includes the creation of the
RBC Your Future By Design Retirement Research Centre at the
University of Waterloo.
"We believe more research is required to understand
the issues boomers will face so that we can provide relevant
advice and solutions to better prepare them to live well in
retirement," said Ashif Ratanshi, senior vice-president
and head, Branch Investments, Deposits and Direct Investing,
RBC. "With boomers nearing and entering their retirement
years, this strategic alliance with one of Canada's leading
universities will provide Canadian boomers with relevant information
and innovative ideas to enable their retirement planning and
retirement living."
The RBC Your Future By Design Retirement Research Centre
at the University of Waterloo combines the University's insights
and expertise on healthy aging with RBC's expertise in providing
Canadians with financial advice and solutions to help them
succeed. The new Centre will focus on research related to
areas that influence quality of life in retirement including
health, leisure, wellness, lifestyle, financial, economic,
science, arts and technology.
"This collaborative approach is the first of its kind
where our innovative academic research will assist the financial
services industry in the development of practical solutions
and advice for retirement planning," said Roger Mannell,
professor and dean, faculty of applied health sciences, University
of Waterloo. "We are pleased to collaborate with Royal
Bank of Canada, one of Canada's leading financial institutions,
to inform, engage and empower Canadian boomers throughout
this significant period in their lives."
In addition to the new Centre, RBC is creating an undergraduate
grant program called the RBC Your Future By Design Retirement
Research Undergraduate Fellowship at the University of Waterloo.
This fellowship is designed to develop expertise in full-time
undergraduates interested in retirement and aging as it impacts
Canadians, businesses, institutions and systems, and advance
the understanding of retirement from health, financial, social,
leisure and psychological and health perspectives.
For more information about the RBC Your Future By Design
Retirement Research Centre at the University of Waterloo,
visit www.rbc.com/yourfuture.
About the University of Waterloo
The University of Waterloo, located at the heart of Canada's
Technology Triangle, is one of Canada's leading comprehensive
universities. Waterloo is home to 30,000 full- and part-time
undergraduate and graduate students who are dedicated to making
the future better and brighter. Waterloo, known for the largest
post- secondary co-operative education program in the world,
supports enterprising partnerships in learning, research and
discovery. For more information about Waterloo, go to www.uwaterloo.ca.
The RBC Your Future By Design Retirement Research Centre
at the University of Waterloo will focus on research related
to areas that influence quality of life in retirement including
health, leisure, wellness, lifestyle, financial, economic,
science, arts and technology. The Centre will complement the
distinctive RBC approach that helps clients identify, plan,
and realize their goals for retirement. With the guidance
of RBC financial planners and investment and retirement planners,
Your Future By Design helps clients create a blueprint for
a successful lifestyle and financial plan for retirement based
on what is truly important to them in key areas in life, including
family, health, home, lifestyle, work/business, mind and spirit,
and legacy. To find out more about how RBC can help build
a blueprint for the future, visit www.rbc.com/yourfuture
or call 1-866-335-4055.
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Media contacts:
Suzanne Willers, RBC, 416-974-2727
Michelle Douglas-Mills,
University of Waterloo 519-888-4567, ext. 38345
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