Mr. Speaker, members on that side of the House do not want healthy debate to look at the pitfalls of any legislation they may put forward. We have debate in the House to ensure that, if there are any pitfalls or problematic areas, we can look at fixing those.
This registered pension plan is another tool but, at the end of the day, is it really what we need? Do we not need a pension that would be indexed to inflation with which we would be extremely sure that at the end of the day people would be able to retire?
One of the pitfalls in this bill is that there is no cap on administration fees or costs and merely assumes that lowers costs will emerge through competition in the marketplace.
Would the member tell those people who would look at investing in the pooled registered plan whether they would be at the mercy of the market? A lot of our constituents and Canadians across Canada could lose their money at the end of the day because investing in the market is not a secure thing to do.