Thank you, Mr. Chair.
I welcome you this morning, Mr. Machin. Welcome to the Standing Committee on Finance and also welcome to Canada. It's been a few months. Welcome aboard. Congratulations on your new role.
Last night I took a read of the actuarial report, the 28th report, which came out after the CPP agreement was signed. In that report, I'm looking at the investable assets, the additional CPP assets, that are going to grow to $1.5 billion by 2019, to $70 billion by 2025, and to $196 billion by 2030.
I'll quote from page 15 of the report: “It is expected that a separate investment policy will be developed by the CPPIB with respect to the additional CPP assets.” When do you think we'll have that policy laid out if we don't have it yet? I want to clarify that.