I personally think almost all of our suggestions are regulatory. The enactments in the legislation are sufficient. There are issues I would like the committee to turn their mind to and to think about, especially on the discretionary investment, to remove choice. It is critical that people who are saving for their retirement, believe it or not, have as little choice as possible. It's that discretionary investment that I think is critical; in other words, to leave the insurance companies and the experts....
When they talk about choice...if I can, very briefly, when you join a pension plan, you have no choice. Whatever is there, is there. Whoever runs it, runs it. The question is whether or not it's run properly, and that's something the regulations can deal with.