First, let me clarify your point around the fees.
I would observe that in the large end of the Canadian life and health insurance pension market, the fees are indeed very competitive. We're talking fees in the 60 to 70 basis points for record-keeping and investments, and these benchmark favourably against the most competitive nation in the world just to the south of us, which has a 401(k) industry that's 20 times larger.
This proposal to allow smaller employers to build up into a larger plan—and it's encouraging to hear the idea of knocking down the impediments—will indeed provide Canadians with access to very cost-effective pensions that the largest of Canadian employers enjoy today through DC plans.
Specific to the question of could you have a Canada pension plan alongside that, clearly the answer is yes. Our concern with that is when you look around the world and the activity to set that up, and if you look at the U.K. as a good example, it's costing the nation $50 million a year. It started in 2003, and I think it'll be implemented in a phased-in basis starting in 2013 or 2014.
So I would just simply say time and money.