Ms Patricia Murphy:

The Chairman's first point relates to the pension levy. To my knowledge, the legislation allows for the levy to be dealt with and it is the responsibility of the trustees of individual schemes to decide how the levy is imposed. This matter falls outside my particular remit but that is the position as I understand it.

We were not in a position to contact or consult individual customers in the context of compiling the report. However, information was obtained from the trustees who manage the schemes on behalf of their members. We carried out our research on individual pension arrangements with providers, life assurance companies and intermediaries. The consultation process is open so individuals can make submissions or any kind of response they wish to us. We would certainly welcome such submissions or responses.

The Chairman's final question was on trustees.