The key difference, as the minister indicated, is that PRPPs will be supervised by the pension supervisory authority. In order to become an administrator, essentially you'll have to go through a licensing regime and qualify to become an administrator, and there will be ongoing oversight, and administrators will be subject to criteria for licensing, for disclosure, etc. That will be an ongoing process, both at the federal and eventually at the provincial level, so that there would be this additional layer of protection that the minister indicated.
The other thing that is a real benefit to members of PRPPs is that the funds in the PRPPs will be pooled and administered jointly. The scale of these funds is designed to become very large so as to reduce costs and to maintain that low-cost advantage that is not possible in the RRSP framework, where individual accounts have to be maintained, and that adds to the administrative burden.