Everybody out of the pool! PRPPs are Not the Answer
You might have noticed a pension item in the news just before the holidays. At a December meeting in Alberta, federal and provincial finance ministers decided not to move on improvements to the Canada Pension Plan (CPP), but rather to proceed with some kind of private sector-based savings scheme – a Pooled Registered Pension Plan or PRPP. Federal finance minister Flaherty, who had been part of the broad consensus