Mr. Speaker, again, I speak from my experience as a former business owner. When one has only a handful of employees, it is very hard to approach an insurance company and ask it to provide a pension plan. If I remember correctly, with a contribution of $20,000 to $40,000, one cannot make a pension plan out of that. One needs to have an annual contribution of almost a quarter of a million dollars or upwards in order to do that.
What the government is implementing is a pooled registered pension plan. It would be a regulated plan whereby the criteria for investment and so on would be regulated much like a bank or an insurance company. It would be portable so that as one moves in and out of jobs, or for a small business owner or the self-employed, the savings would be there and managed on a path to growth.