Mr. Seán Quigley:

The model that was designed by Mercer investment consulting had a range of inputs, including life expectancy, the level of expenditure, the value of the funds available and inflation, both medical and general. All these factors fed into that. If, in that process, it was deemed that the moneys would run out before the individual's life expectancy, then we had to look at how we might generate a higher return. Where that was not necessary, we did not need to take any more risk, but the only situation where it was incumbent on us as trustees and prudent investors to look at how we could sustain the value of those funds for the longest period possible was where the moneys would run out.