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Joe Oliver: Active management costs Canadian pensioners big time

Buying indexes instead would reduce costs and, judging by the numbers, increase accumulated returns by hundreds of billions of dollars

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Would you choose to generate hundreds of billions of additional dollars for Canadian pensioners over 10 years if doing so would cost you personally $50 million in lost compensation? Few of us are given this choice, but those who are choose personal enrichment. That’s not a surprise, but governments should consider the public policy implications.

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