Mr. Fergal O'Brien:

A key part of the simplicity and certainty is reducing the Lanigan's Ball effect. Let us not have so much in and out. We believe there is too much in and out in terms of the scope, start dates and re-enrolment. Let us target the cohort where we are trying to generate the savings behaviour from an early stage among people on low to middle incomes. Let us make it as certain as possible. If we could limit the amount of change between opt in and opt out, review periods and commencement dates it would significantly reduce the administrative costs for employers. We think it would also give more certainty to employees and, ultimately, would create better buy-in for what we are trying to achieve.