Pooled pension consensus reached

Finance Minister Flaherty continues talks with his provincial counterparts in Kananaskis in Alberta. Flaherty says he won't support any CPP expansion because not all provinces are on board, despite the plan being strongly supported by six provinces.

Instead Flaherty says he and his provincial and territorial counterparts have agreed to create a pooled private pension plan for small businesses, employees and the self-employed. The pooled pension plan "will make well-regulated, low-cost, private-sector pension plans accessible to millions of Canadians who have up to now not had access to such plans," he said.

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Flaherty: Pooled pension consensus reached