I've raised it here a couple of times. After the ten-year mark it was reviewed, and it didn't even keep up with the cost of living, with the fees and that.
You know, we have the government speaking of the PRPPs; we call it a savings scheme, which kind of annoys the government. We don't think there's evidence to prove the fact that the fees will be kept down. The majority of fees paid by defined contribution plans and sponsored RRSP members go to the record keeper, and financial advisers' fees paid to the actual investment fund managers used in the pension programs generally do not make up the bulk of the management fees paid by members. This means that the supposed lower costs will not be achieved through negotiating lower investment management fees.
Do you have an opinion on where they actually think they can find the lower costs?