There is an absolute need for a national pension regulator that deals with both public and private pension plans. It's about time we get on to that. You can look at what is going on in the U.K. We have to start looking around the world to see what other countries are doing, whether it's the U.K. or the Netherlands, to address pension funds and the underfunded status of pension funds. Canada is one of the best countries in the world in terms of pension funds, but we have a lot more work to do. I think this needs to be addressed very quickly.
On April 21st, 2009. See this statement in context.