Mr. Speaker, I thank my friend for the question and for always engaging on a diverse range of issues.
The CPP is a universal system, one that is available to everyone who works. We know that the management of the program itself is essential. The CPPIB, as I mentioned, has been around for 50 years. It has an enviable record of success and prudence, even in the most volatile of situations. Members will recall the 2008 financial crisis, from which the CPPIB actually came out on top. It was very stringent in its management and ensured that the funds that Canadians depended on for their retirement were secure. This is the type of investment that is required for a collective retirement future.
Of course, there are many other options available to people, and I have mentioned RRSPs, TFSAs, and other investment vehicles, which are always available to people. However, I think the studies typically show that they are not often maximized. Therefore, when it comes to a publicly run system, I think the CPP will be in the best interest of Canadians in the longer term, and will certainly be augmented by many other private options, such as RRSPs and TFSAs.