To your point about there being no free lunch, ultimately the retirement income that Canadians will earn is a function of two things. It's a function of how much they save and the returns they earn on that. At the end of the day, we're all investing largely in the same market. We can do it through individual RRSPs, we can do it through the PRPP, and we can do it through the Canada Pension Plan. I think it's a mistake to think that there is one option that is somehow immune to market forces and market risk.
There is an element of risk associated with the PRPP, of course, but it is no worse than for the other options out there.