Mr. Jeremy Masding:

In summary, that was why we made the decision. The responsibility then passes to the trustee who has to collect the data on assets and liabilities. That normally takes between six and 12 months. I do not yet know the implications. The trustees will eventually hand out statements to each member setting out how much of the pot he or she has been given. I am afraid I do not have that information at this stage because it takes time to value and sell the assets and to find all of the members of the schemes.