I would just say that, probably for all of us, the single biggest financial risk we all face is outliving our assets. As John indicated, with the majority of Canadians not having a workplace pension, the erosion of defined benefits versus defined contribution, and even your own personal saving through tax incentives like the TFSA or RRSP, none of those provide longevity risk. For most Canadians, the only source of longevity risk is the CPP.
On June 9th, 2022. See this statement in context.