Mr. Speaker, it is pure speculation on the part of the hon. member to say that. He clearly does not know the facts. He has not read the legislation.
There is a strict regime in place. That is why they are called pooled registered pension plans. They will be pooled. Administrative costs will be kept down. This is what Canada needs. This is what our seniors need to live a life of quality and dignity.
We owe our seniors so much in this country. This government recognizes that. This government is prepared to do something about it, unlike those people on the other side.