Many businesses that I have spoken to, when you explain the process.... In fact, one of my friends sitting here witnessing this appearance today is one of the gentlemen...Doug Fletcher of Home Hardware is a business owner in my local community. When I explained it to him—and this wasn't staged, he just happened to be here today—he said this will give him an option to provide a pension plan for his employees, and this way, he won't have to take on the responsibility of the management of it. He's not carrying the fiduciary responsibility. That's in the plan administrator's role. Many businesses don't have time to be a financial advisor, but if through a simple process they can offer this to their employees, that's a great tool for them. In my province of Alberta, that's something you can add as enticement to get people to come to work for you.
On February 16th, 2012. See this statement in context.