|The UK NEST Plan .3% Management Fees|
PRPPs will benefit Canadians by making pension coverage more broadly available:
- Benefit from economies of scale.
- A plan that is easy to administer for the employer
- The advantages of a pooled plan and the management that it can offer
- Automatic enrollment to promote higher participation rates
- Linked to salary to provided increased contributions over time.
Is this small pension plan Canada’s best kept secret?
The Secound Pension Problem
The Wealthy Boomer had an overview of comments from some of Canada's top pension experts. The most direct comment came from Keith Ambtachtsheer who pointed out the three things needed to make the PRPP fly: