The problem I have is that the insurance industry in particular—but other providers—already market DC plans and group RSPs to small and medium-sized enterprises, and there's very little evidence of significant take-up there. There just has been for so long.... When there's an option to have a pension plan in your workplace for small and medium-sized enterprises, we have about 14% of those taking up group RSPs. There's just little evidence that it's the fees or the administrative burden that will make the difference with PRPPs.
On March 1st, 2012. See this statement in context.