I don't know if I would focus on innovation per se. I'll go back to the example of our public sector pension plans. They used to be constrained to buying only provincial government bonds.
In a way, I think that might have been better than what we have today, which is having them running all around the world making investments in infrastructure and real estate, investments where we have no idea of how they are going to turn out over 30 or 40 years. They are putting taxpayers and potentially the members at risk, and I'm not sure they're evaluating that risk. Sometimes you can go too far in taking risks.
Yes, I suppose that ideally I don't want people investing in just government bonds, but I don't want them running around the world investing in whatever crazy idea they can think of, knowing that if the investment doesn't pan out, the taxpayer is on the hook and the managers will just dance away with their bonuses.