There are a few things in the act that fit together to make that...in addition to the broader principles that have been elaborated. One that's new and different from RRSPs, for example, is that administrators will be licensed, and they need to be licensed in accordance with how they meet the provisions of the act. One of the provisions in the act is that these things will be offered at low cost. So at licensing time, regulations on that, which have yet to be developed and elaborated on, will be looked at by the supervisor who licenses the administrator. Also, the regulations that are to be developed to support this will set out the criteria against which an administrator will need to demonstrate that they are offering it at low cost. We are working with our provincial colleagues right now to determine the best test to demonstrate that, and there are a variety of tools one could use. People are very focused on that, because this is a key aspect of the plan they want to see realized.
On February 16th, 2012. See this statement in context.