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Do Canadians Support Pooled Registered Pension Plans?

Posted by on Feb 26, 2011 in Retirement | 0 comments

The Canadian Life and Health Insurance Association says 90% of Canadians support pooled registered pension plans. READ MORE

I guess it depends who you ask.

The Canadian Labour Congress says:

“The proposed PRPPs do not guarantee low management fees that would prevent large management fees from eating up such a large portion of your savings. In fact, there is only a promise that the design of PRPP will result in large pools of capital that might lower fees, with no guaranteed or legislated results. Nothing in the PRPP proposal sets management expenses at levels equal to or lower than those of the CPP. As a result, CPP is still a better deal than PRPP; not only because of its guaranteed indexed retirement income, but because of its much lower management fees.”  READ MORE

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