Ms Moyagh Murdock:

It is important to point out that it is a highly regulated industry, under the jurisdiction of the Pensions Authority. None of that would change. All of the accountability would be there. The scrutiny is already there for the private pension and occupational pensions that are there. We have the approved retirement fund, ARF, system in place and the master trust. It would be no diminution of that regulation and oversight that is already in place. It would be a more streamlined approach to it.