Thank you, Mr. Chair, and I'd also like to wish the minister a happy birthday.
I want to briefly reflect on financial literacy. Certainly, I can recall in my youth—I have a health care background—many of the young 20- and 30-year-olds deciding to withdraw their contributions and have a great holiday, not actually having any understanding in terms of the impact that would have later in their life. I think we have some tremendous work we can do there in terms of preparing people to start thinking about what's available and how they need to prepare for it. So I'm really glad to see a lot of that work in terms of financial literacy going forward.
First of all, I'd like to get you to reflect on how the PRPPs will actually achieve low cost. I know we've had some conversations around the Canada Pension Plan and that it would be a change in the business model. RRSPs, of course, have significant cost, but can you talk again about how the PRPPs will achieve the low cost?