Okay. Can I return in my remaining time to the issue of cost? I am getting people in the financial industry coming to me and challenging me. They're saying they're not sure this is actually going to be lower cost than RRSPs. I say if you have a fund of this size, in fact you spread the risk and you lower the cost.
I mean, that's obviously the benefit, and the minister spoke to that. Madame Lafleur, you spoke to that as well.
Our background document says:
The legislation provides that the PRPPs will be required to be low cost to members. The Superintendent will monitor fees in accordance with the guidance on low costs that will be prescribed in regulations. Low costs will be obtained through pooling, competition between eligible administrators as well as transparent disclosure of cost to members.
I'm wondering, Ms. Lafleur, if you can expand on that and help me convince people that this will be lower cost than what's currently offered to individuals through their RRSPs.