Madam Speaker, I would like to thank the hon. member for commenting on this plan that we consider particularly toxic, in that people will be well aware of what they are investing but will have no guarantee of what they will get back. This is not savings; it is not really a pension plan. It is quite simply a financial instrument to enable financial institutions to make even more money.
The banks will be the first to benefit from this money. They are the ones that get paid first. Perhaps the hon. member can provide confirmation: it is the financial institutions that collect the administrative fees, that set rates to make a profit. Then, if there is a return, it goes to the participants' savings, and if there is a deficit, if the return is negative, the financial institutions are in no way prevented from collecting administrative fees and setting a profitable rate, which worsens the shortfall.