Mr. Robert Nicholson:

Going from the top, in terms of the consultation process, a list was provided of the activity we have been involved in to date. We have run national and local radio and media ads. We have a full briefing on our website. We have had regional consultation fora; we have already had two in Dublin and more are due in Cork and Galway next week. I must be frank and say they have been attended largely by pensions boffins, if I could put it that way, not by members of the public. We always suspected that would be the case. For a reform that is coming into place in 2022, there is not generally a huge amount of interest in what is going on here and now.

To accommodate that we have run focus groups of likely members of an automatic enrolment system. We look at the profile of individuals, bring ten or 12 together in a room over four or six occasions and ask their views on the trust issues, concerns, what type of product they would like, why they would like it, what they would think if it had particular impacts, and model the system with them. That is where we are trying to build our intelligence. There is still a lot of work to do on it. We are just drawing our ideas together.