Dr. Orlaigh Quinn:

Of course, Chairman. What is of critical importance in terms of the future of the pensions system is whether the Government decides to focus on an auto-enrolment or a mandatory system. There are very useful lessons to be learned from other countries in this regard and the Government will be making a decision in due course. Any new reform must take into account the pension charges report published in 2012 and address the key challenges outlined therein.