Okay, it should be voluntary. If Canadians were generally astute in terms of how to invest their RRSPs, if they understood, if part of their education was a very thorough review of management expense ratios and how they work, and how important they are, and compound interest, if Canadians were actually blessed with that knowledge, then I suspect we may not be talking about a voluntary CPP too. I think the fact is that many Canadians still find investing in their RRSPs quite frightening--even though we've got Tina here, who is able to help them with these things--so they may make the wrong decisions. By having a body that has some excellent investment specialists who are able to provide vehicles that change their risk over from higher risk to lower risk over their lifetimes, have low management expense ratios available to them, that gives people the opportunity of saying, “I don't understand how to invest my RRSP. I can't gain access to investment counsellors because I can't afford it. I don't know where to find them. But here at least is a body of knowledgeable people who can help me invest and I should be able to get a far higher pension that way.”
There are other solutions, of course. The insurance industry is very interested in offering their services, and that may work very well as long as we can get the management expense ratios lowered down so people do indeed have access to something that would be of the nature of 40 basis points or 50 basis points.