Mr. Brendan Kennedy:

I will answer the second question first because it is the simplest. I am not aware of any analysis of the cost. It has to be said that in the annual financial accounts of most, but not all, employers that have a defined benefit scheme, this is reflected in their balance sheets. There are exceptions to that. Those are accounting rules and not related to the Pensions Act or Irish statutory rules. I am not aware of such an analysis, nor were we asked to undertake one.