Éamon Ó Cuív (Galway West, Fianna Fail) | Oireachtas source

That was not the question I asked. Is there a breakdown of how much of Irish pension funds are currently invested here and abroad? My understanding is that in the last ten years as we start going towards retirement, the investment strategy gets more conservative. It was also my understanding, and this might have changed in the last ten years that in Ireland they tend to go for German state bonds rather than Irish state bonds even though the yield from an Irish bond is greater than a German bond because some risk is perceived there. Could the witnesses maybe fill in what is happening at the moment? Presumably any body that is set up, whether it is independent or part of the industry, will follow the same model.