[laughs]

So, um, I mean, the, the legislation's quite long, but at its heart, it's basically saying to trustees, think about your long-term strategy.

Um, you know, do you want to be in a position where you expect just to buy out or do you expect to run on the scheme? Um, the closer you get to being mainly pensioners, uh, the more real it will become.

Uh, but, and reality is that for most pension schemes, they'll already have done that thinking.

You know, because if you're mainly pensioners, you probably, probably already had a conversation around are you gonna buy the liabilities or are you just gonna run them on.

Um, and you know, that would be very scheme specific and there's no right or wrong answer.

It's just kind of what feels right for the sponsor and the trustee as to how they're gonna manage their responsibility to pay benefits to members.

Yeah.