Exactly. It's more portable and that sort of thing.
But will the individual have the knowledge to make an informed choice, which you find in a large pension plan where you have experts and so on? That is unclear. Speaking personally, I would not know where to park my money, aside from the usual average return type of instrument. There's lots of experience dealing with this around the world. Will people assume that risk? Will they make the decision to invest more or save more, and so on?
Some countries have tried innovative features, such as auto-enrolment and default investment instruments. In other words, they don't force you to invest, but.... Sweden is an example. In Sweden, they brought in a reform. They auto-enrolled people. They have 700 different funds. Nobody can understand 700 different funds. But there is a default fund, or a couple of default funds, and I think they are age based. In other words, they are more conservative as you come closer to retirement. All of that is on, so to speak, cruise control. If you don't do anything, that's what happens.