I have questions for two of our panelists.

For Jacco Heemskerk: How has the Netherlands been successful at cultivating an attitude of solidarity and risk sharing for its collectively run plans?

Do you think it's possible to cultivate a similar attitude in the United States, given the difference of scale (in terms of size and population) between the two countries?

For Stuart Leckie: How has China been successful at getting such a large number of people to participate in a defined benefit pension system?

Do you think that there is a chance that China's plan participants could see their attitudes shift in the future, away from collective risk sharing and towards individual saving?