MLI Managing Director Brian Lee Crowley comments on pension reform in an Op Ed in today's Financial Post. The piece, Is the Piggybank Broken?, lands right after federal and provincial ministers reached agreement to adopt the idea of a Pooled Registered Pension Plan. Crowley notes, "The virtue of this approach is that even if some specific investments turn out badly, the general rate of return is high enough to furnish everyone with a decent standard of retirement living." It is the same risk-management message that Dr. Crowley delivered to assembled federal and provincial officials at a conference in Calgary last April.
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