In a new report it has been said by the Canadian Bankers Association that Canada’s retirement savings system is not broken and rushing into a “one-size-fits-all” fix would be a mistake.
The association advised government to avoid creating new plan
The association calls on that instead of creating a new public pension plan the government should concentrate on increasing the attractiveness of such private-sector savings options as RRSPs for helping Canadians’ fatten their retirement nest eggs.
