Quote:
Originally Posted by Fuzz
This is a really good explanation from pension experts on the CPP/proposed APP and details why the plan is pretty dumb. Highly recommend reading the whole thing, it covers lots of areas.
https://abpolecon.ca/2021/09/29/what...-to-albertans/
This looks like a giant expensive load of ####. It's like Brexit, but even dumber. |
But Slava keeps telling me that the Alberta government can't impose politics onto pension funds that they run.
Even if they weren't able to, which they are. I would not trust the morons that these morons tend to appoint to management my money.
And beyond that, I have no doubt in my mind that if in 2019 Jason Kenny had control of an APP, and had scheduled a press conference for 2:00 in the afternoon. He could have stood that at 2:45 saying the APP was going to invest $1.5B into KeystonXL, and it would have happened. Weather or not he had consulted with the fund managers in advance. As this article stays, it good that ideologically opposed governments need to work together to agree on who will have their hands on the wheel for CPP.