Member

At that time—I am talking about general cases, not this specific case—I raised concerns about the lack of the guarantee. The particular loss in many of those cases was that the members lost the guarantee. In practice, in most cases this has not been a problem. The scheme has carried on and people have received the benefits they have expected, but that has not happened in this case, and I think they are justified in their concern. They were told that they were going to get something that was broadly comparable, and clearly it was not, because they have lost out.