CLHIA letter urges emphasis on private retirement savings
Make better use of existing programs, such as group RRSPs and TFSAs, and use public information campaigns, group says
Adding a voluntary component to the CPP would be complex to set up and costly to administer
Expansion would require costly new infrastructure to administer individual accounts
When CPP contribution rates rose, the private savings rate dropped for younger households. Older and wealthy households were not impacted
The government is opposed to mandatory premium increases
The move is a strategic joint venture with French commercial property firm, Unibail-Rodamco
Assets climb to $238.8 billion
Increased commitment to private equity further concentrates exposure to less-liquid alternative assets
The portfolio delivered a gross investment return of 3.4% for the quarter