Joe Oliver: Active management costs Canadian pensioners big time

Joe Oliver's analysis reveals that active management in pension funds leads to significantly higher costs for Canadian pensioners compared to passive index investing. The article argues that switching to index funds could result in hundreds of billions of dollars in additional accumulated returns over time. This matters because it highlights the potential savings and improved financial security for millions of Canadians relying on their pensions. The implications are substantial, suggesting a shift in strategy could lead to more sustainable and prosperous retirement outcomes for the future.