The Great Debate: Personal Pension Plans (PPP) vs. Individual Pension Plan (IPP)

June 26 2023

Organized by the GTA Accountants and Finance Network (GTAAFN) on June 01, 2023

Billed as the “Great Debate” between proponents of the PPP vs IPP, the debate turned out to be one-sided as the representatives of the PPP at Integris declined to take part to present their case. Three proponents for the IPP presented on behalf of the IPP.

Stephen Cheng from Westcoast Actuaries Inc. presented. Major points presented included:

Lea Koiv of Lea Koiv and Associates presented. Major points presented included:

Jason Pereira of Woodgate Financial Inc. presented. His presentation was entitled “A Critical Review of Claims Made Regarding PPPs.” He suggested that claims made by Integris regarding PPP’s advantages over IPP’s are an example of a Straw Man Fallacy. A Straw Man Fallacy occurs when someone takes another person’s argument or point, distorts it, or exaggerates it in some kind of extreme way and then attacks the extreme distortion as if that is the claim the first person is making.