Thank you, Mr. Chairman, for the chance to answer that question.
In a speech given in Ottawa in mid-September, our CEO, Mr. Denison, laid out a number of facts that could be considered by policy-makers, making it very clear that policy matters are to be decided by federal and provincial legislators. We are an investment management group, but given that we were created by the successful reforms of the CPP more than ten years ago, we have some experience with one of those models.
I will pick up on what Mr. Georgetti said. In that speech we outlined a number of potential options. So in that speech an idea was put forward, a hybrid option, which was potentially a stronger CPP, which would have the benefits of a defined benefit plan and risk pooling, combined with the choice of a broader defined contribution plan.
We weren't making any prescriptions; we were simply laying out a few ideas.