Alun Rees-Williams

So fund a small amount, get a massive pension back.

Yeah, or monthly.

Paid by the UK government in this case.

The issue I think with it was is that neither the New Zealand government nor the UK government probably thought it through completely well, more so the UK government, because you've got people that have now immigrated or returned to New Zealand and they're buying back at a low cost into the UK state pension and getting a full UK state pension.

On top of the New Zealand pension, which was never ever the intention of it.

Because again, reciprocal deals, we don't want people, no we don't, the New Zealand government and the UK government don't want people living in multiple jurisdictions and picking up a pension from the UK and a pension from New Zealand and a pension from

X, Y, Z country as well.

Sounds like a great plan.

Sounds like a great plan.

So you could do it.

I know some people have done it.

Whether that is money that they have wasted in the long term, I don't know.

I don't.

I wouldn't have encouraged people to do it.

If they were returning to the UK, it may have made sense.

But it's like a bit of a bet, isn't it?

It's going, and is it a good bet?

Is it a bad bet?

I'm really not sure.

The payout was great for the amount you invested, but in five years, 10 years' time, is that going to have closed retrospectively?