It would allow pooled registered pension plans or defined contribution registered pension plans to provide these variable payment life annuities to their members directly from the plan.
Of course, I can go out and buy annuities or all sorts of derivatives or whatever I want, but this really relates to allowing these PRPP or pooled registered pension plans and defined contribution registered pension plans to offer these new variable payment life annuities.
The VPLAs provide payments that vary based on the investment performance of the underlying annuities fund and the mortality experience of the annuitants so that there's a bit more flexibility in what they can do than is currently provided.