[laughs]

And, uh, as you say, Amrita, there was, um, I think almo- there, there was, there were pockets of excitement within the industry as to what this meant Um, now in terms of what this introduced when considering a bulk transfer to an insurance company, so bulk purchase annuity, um, I would actually argue that what it did was almost encode good practice for any advisor in this space.

So some of the key things that it, that it really asked us to do was to consider credible alternatives.

Now, I have to say my, my, uh, I now advise pension scheme trustees and their sponsors and, but previously, as you'll know, I, I worked for insurance companies, and I did find it surprising actually when making that move from insurance to back to pensions, when engaging with some pension scheme trustees who did seem to take the view that, well, it was almost a knee-jerk reaction.

If they hit buyout funding, then obviously they would buy out.

And I actually think that wasn't such a healthy way of thinking.

Um, I don't know to what extent that was being encouraged by advisors, but I think there was a little bit of that mentality.

Um, what would you say to that challenge that it's never been tested, we don't really know what would happen? Um, you know, w- w- if you are securing something with a particular insurance company now, how do you know that that will be okay in the future?