A pooled pension plan isn’t a pension - Moneyville.ca

A pooled pension plan isn’t a pension - Moneyville.ca
Doug Leard

Doug Leard in Assante Vancouver Centre

Captured on 18 Nov 2011 from www.moneyville.ca

A pooled pension plan isn’t a pension

 

SHUTTERSTOCK PHOTO ILLUSTRATION

By Moshe A. Milevsky | Fri Nov 18 2011

The Federal Government finally tabled the Pooled Registered Pension Plans (PRPP) Act, and I am predictably underwhelmed. The New Retirement Deal, it ain’t.

According to the press release on The Department of Finance’s webpage, Minister Ted Menzies said, “If you invest in a PRPP you will benefit from lower investment management costs associated with the large scale of these funds. Essentially, you will be buying in bulk. This will leave you with more cash in your pocket when you retire.”

So this is it? The RPPP raison d’être, was about enabling Canadians to buy their mutual funds for less?

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