The feeling's not mutual

The opinions and recommendations in this report, and any errors, are those of the authors, and do not necessarily reflect the views of the funders of this report. [...] Alternatively, the expansion of workplace pen- sions, or the expansion of the Canada Pension Plan and other public op- tions, could reduce the anxiety of ordinary Canadians baffled by the endless choice and high fees of the present RRSP (mutual fund) model. [...] The results experienced today are likely indicative of the best that can be expected in terms of utilization, suggesting a failure of the RRSP system to create an adequate and secure source of retirement savings. [...] The benefit of a managed fund is it allows ordinary investors to avoid the problem of trying to pick the right stocks. [...] Mutual funds dominate hold- ings in managed funds, although the value of all mutual funds in Canada is still somewhat lower the value of all pension funds (excluding the Can- ada Pension Plan).