Concern over children and aging parents needing financial assistance rises



    
    Canadians aged 25 to 44 years of age grow more concerned that their
    parents need financial help

    Russell Financial Health Index Highlights

    -   Impact of weakening Canadian economy the fastest growing concern

    -   Women more concerned than men regarding financial factors

    -   Quebecers more optimistic than rest of Canada

    -   Concern over finding reliable, trustworthy professional advice
        increases
    

    TORONTO, April 23 /CNW/ - As many wonder whether the capital market will
rebound or recoil, Canadians aged 25 to 44 years of age have grown more
concerned that their aging parents will need financial help in the near
future. At the same time, Canadians aged 55 and over are still the least
worried that they will have to provide financial support for their adult
children - according to the latest results from the Russell Financial Health
Index (RFHI).

    
    Children or aging parents needing financial help from you
    (scale from 1 to 100 where 1 = not at all concerned and
    100 = very concerned)

    -------------------------------------------------------------------------
                       Total    25 to 44    45 to 54    55+
    -------------------------------------------------------------------------
    Q4/08              38.55    45.23       39.35       30.56
    -------------------------------------------------------------------------
    Q1/09              38.54    47.61       40.09       30.98
    -------------------------------------------------------------------------
    

    The RFHI is an online calculator that allows investors to compare their
financial health to Canadians across the country and gauges the overall
financial health of investors on a quarterly basis. It is available in English
and French at: www.myfinanciallyhealthyretirement.com

    The index dropped to its current level of 49.99 points at March 31, 2009,
from 50.65 points as of December 31, 2008.
    "It's interesting to note that investor sentiment did not change much
from January through the end of March. Canadians may have been better adjusted
to the realities of the capital markets and the economy during this period,"
says Irshaad Ahmad, president and managing director of Russell Investments
Canada Limited.
    "In a still uncertain market environment, the Russell Financial Health
Index can help investors get a better grasp of their financial situation and
then benchmark their results against other Canadians. The online tool has been
especially popular with investors between the ages of 45 to 64, as many in
this age group are likely using the index to plan for a financially healthy
retirement."

    
    According to the RFHI results:

    -   Females are more concerned than males regarding financial matters
        such as having enough income for a desired lifestyle, income for
        essentials, and the financial impact of the death of a spouse or
        partner, among others.

    -   French Canadians are less concerned about their finances than English
        Canada, but are more concerned about the impact of medical issues and
        healthcare on finances.

    -   Based on the key questions featured on the tool - ranging from
        lifestyle choices to thoughts on the economy - the RFHI found that
        Canadians were most concerned about having "sufficient income for a
        desired lifestyle". Areas of least concern relate to specific family
        related issues such as "leaving assets/inheritance to beneficiaries".

    -   The highest increase in concern was investors' fears of "riding out
        changes in Canada's economic performance".

    -   "Having reliable, trustworthy professional advice" was a factor that
        investors were not very worried about last quarter, but this was a
        growing concern this quarter as the ability to find expert financial
        advice experienced the second highest increase of concern.
    

    "The need for finding reliable, trustworthy professional advice has risen
in step with concerns regarding Canada's economic performance," says Ahmad.
    "In times of uncertainty, investors should seek a professional financial
advisor. Our research has found that the key to a secure and financially
healthy future is to plan ahead by working with an advisor. Investors who work
with a trusted advisor tend to be more financially secure and therefore do not
have to worry about the possibility of outliving their money in retirement."

    To learn more about the Russell Financial Health Index and its results
from Irshaad Ahmad, please call: 416-640-2529

    About the Russell Financial Health Index

    The Russell Financial Health Index gathers its data from a confidential
web survey, which takes approximately five minutes to complete. Based on a
user's answers, a Financial Health Score is assigned, which can be measured
against the scores of other Canadian investors who have used the tool.
    Each score is a result of analyzing variables that include physical
health, personal finances, unexpected events and financial planning.
Respondents are also asked questions related to how prepared they feel to ride
out changes in their long term investment performance before and during
retirement.
    Findings from the Index will be used to assess and report findings, on a
quarterly basis, about how Canadians perceive their financial health, as they
deal with different economic environments and changes in their lives.

    About Russell

    Russell Investments provides strategic advice, world-class
implementation, state-of-the-art performance benchmarks and a range of
institutional-quality investment products. Russell has more than US$136
billion in assets under management as of March 31, 2009, and serves
individual, institutional and advisor clients in more than 40 countries.
Russell's industry-leading indexes have $4.3 trillion in assets benchmarked to
them. Founded in 1936, Russell is a subsidiary of The Northwestern Mutual Life
Insurance Company.
    Russell Investments Canada Limited is a wholly-owned subsidiary of Frank
Russell Company. For more information, please go to www.russell.com/ca.

    Commissions, trailing commissions, management fees and expenses all may
be associated with mutual fund investments. Please read the prospectus before
investing. Mutual funds are not guaranteed, their values change frequently and
past performance may not be repeated.
    Nothing in this publication is intended to constitute legal, tax
securities or investment advice, nor an opinion regarding the appropriateness
of any investment, nor a solicitation of any type. This is a publication of
Russell Investments Canada Limited and has been prepared solely for
information purposes. It is made available on an "as is" basis. Russell
Investments Canada Limited does not make any warranty or representation
regarding the information.

    The Russell Investments logo is a trademark or registered trademark of
Frank Russell Company, used under license by Russell Investments Canada
Limited.





For further information:

For further information: Thien Huynh, (416) 992-2766; Katita Stark,
(416) 929-9100, www.russell.com/ca


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