Mr. Seán Quigley:

There is always risk. Even with putting it in cash, it will not match inflation. In fact, cash is yielding negative returns at the moment. Wherever one goes there is a risk, but there was a judgment call, based on the independent investment advice that we had available to us, that if the ward of court had a sufficiently long life expectancy, and we are talking here about five to ten years and beyond that, then it was appropriate to have an exposure to equities. In fact, it would have been the prudent thing to do if one was seeking to grow the value of the investment. As Aon Hewitt identified in its report, our approach has always been a least-risk approach. We only take risk where it is absolutely necessary and in the best interests of the ward of court, and that is what we did.