Yes, I'd like to make a general comment on investor education. As has been said, the industry is complex and the regulatory system is complex. There are myriad products out there, and really, people do need somebody to advise them.
What we need is advisers who can be trusted. The regulators claim to be protecting investors. Most Canadians believe they can trust the industry. In reality, it is “investor beware”, but people cannot learn enough about investing to really protect themselves and make all the decisions. They need financial advice.
I think government must recognize that and must ensure that the people who are giving advice are qualified to give the advice and are held accountable. That's what I think is needed.