Mr. Chair, I am a bit disappointed in the government for not moving quickly enough to establish an insurance scheme to insure pension funds.
Property and casualty insurance companies across Canada could form a fund back in 1986 or 1987 to take care of any bankruptcies in the property and casualty insurance business. If houses burn down and a company goes bankrupt, the rest of the companies in the country get together to resolve the situation, pay the claims and bail the company out. That same situation happens with life insurance companies. It is about time the government looked at that as an option.
I would like to ask the member if she would agree with that analysis and whether we could collectively encourage the government to look into that as an option.