Members have recently received notification from the board of a new investment allocation where, instead of one portfolio manager—I think, sensibly—we've moved towards a handful of different portfolio managers. However, I would query the decision in the allocation to invest over a tenth of the pension fund in index-linked gilts, which currently guarantees that, over the term of investment, we will lose 1.5 per cent or so per year. And when the Commission is having to put in, I think, around 3 per cent extra per year because of lower projected investment returns, doesn't that, in turn, reflect that allocation decision, where we also see no specific allocation at all to UK equities, which have a dividend yield of between 3.5 per cent and 4 per cent and are currently on valuations compared to earnings that are relatively low compared to other developed markets?