I am conscious of my time, so, while we have submitted our brief to the clerk, I'm going to jump through and address in particular two points.
First, you've seen a trend in recent years of sponsors moving away from defined benefit plans. I worked at a company that did that and I was the first employee to be covered in the defined contribution side of the pension. Increasing the risk to sponsors of a defined benefit plan will hasten the movement of sponsors away from that particular approach.
I also want to impress upon the committee, with vehemence, that Parliament has been active in this field. You passed a budget recently, and the budget had many features relating to pensions. I've listed them in my brief, so I'm not going to speak to them now. We believe it would be an error for the committee to lard on top of the actions that Parliament has already taken another very significant and sweeping piece of legislation.