More work needs to be done on enhancing CPP, QPP
Finance ministers to discuss framework next week
PRPP framework would encourage the participation of the broadest range of investment providers: IFIC
An alternative would be to boost CPP earnings ceiling
Changes will provide extra protection to members and retirees
Ontario passes bill to further pension reform
Key recommendations include increased fee transparency, mandating fiduciary duty
Two-year hike would ensure that pension benefits don’t have to be cut and premiums don’t have to rise
Supplementary plan and expanded CPP are both viable solutions
A Senate committee recommends that Canada widen its public savings plans