Clause 88 relates to the introduction of the new VPLAs, variable payment life annuities. These are investment products that are being introduced that would provide additional flexibility for registered retirement vehicles and the kinds of investments that they could make in pensions and things. It includes the introduction of these new VPLAs, or variable payment life annuities, and the rules relating to them.
On May 27th, 2021. See this statement in context.