Mr. Donal McNally:

Well, the advice that was presented to the Minister was not to introduce such a system, or, that tax on savings ... it was difficult to know if it increased net savings or not. I think there was some OECD evidence to suggest that it just moved the savings around. I don't know whether that was the case or not, but the Minister was strongly of the view that, given the - this is what he expressed to us - given the prosperity, given the level of consumption, that people had forgotten how to save, and that this was a way of encouraging people to think of the future and put some money aside. So, my advice was against the SSIAs, as was the Department. I didn't have an SSIA myself because I believed that if I'd argued against it, I would have been, I won't say dishonest, but I just thought I shouldn't invest in something that I had argued against myself.