Could I add one thing on that issue?
One of the issues we face when we do surveys of this sort and ask people in telephone interviews about their pension coverage and so on is that how well they understand their retirement savings vehicles is somewhat suspect. For example, a few years ago we did a workplace and employee survey. In that survey we surveyed employees within a firm. We also had the management of the firm fill out an independent survey. What we found was that some 10% of individuals reported that they had a pension plan, and when we surveyed the firm, the firm didn't offer a pension plan.
More recently, when we looked at the 2007 General Social Survey report, of the people who self-identified as pension plan members, 15% said that they didn't know what type of plan they had. These were individuals who were 45 to 59 years old and who were presumably approaching retirement. The other thing that stood out from those results was that we asked individuals who they received financial advice from. Again, these are people aged 45 to 59. I think around 30% of them said that they didn't receive financial advice from anyone. Some received financial advice from a spouse or a family member. We don't know about the quality of the advice. I think about half—I could confirm those numbers—were receiving financial advice from a financial institution or a financial adviser. The likelihood of not receiving financial advice was higher among people with low incomes and higher among more recent immigrants to Canada and other groups.
Coming back to Ted's point, in December or January we will be releasing a survey of financial capability, and it will shed more light on this issue.