The Honourable Greg Byrne
Minister of Finance
Centennial Building
P. O. Box 6000
Fredericton, NB E3B 5H1

Dear Minister:

As service providers to the majority of pension plans and workplace retirement savings programs in Canada, life and health insurance companies noted with interest your April 20, 2010 invitation to comment on Canada's retirement income system.

Our industry's comments and recommendations for enhancing coverage, adequacy and security of the retirement income system are attached. We would be happy to expand on any of these issues should you or your officials have any questions.

Yours sincerely,

Ron Sanderson
Director, Policyholder Taxation and Pensions