The Honourable Rod Gantefoer
Minister of Finance
Room 312, Legislative Building
2405 Legislative Drive
Regina, SK S4S 0B3

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 the invitation contained in your 2010-2011 Saskatchewan budget 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