Unit capital, that we have here, is a critical issue. Our employment market illustrates how important really capital is to our clients who depend on finding and retaining top talent in order to meet their growth needs. De-risking has made some news lately, with Ford and General Motors offering lump-sum payments to their retirees, and GM selling off some of their pension liability. Again, Carl Hess is going to talk a little bit more about that later. The new legislation regarding contribution changes, which was just past July 6, 2012. And these kind of modifications to existing regulations about CFOs and the C-Suite to look at options to help balance their balance sheets. We actually took advantage of some of the Exchange that [indiscernible] when he goes through [indiscernible], but it's also the kind of thing that we consult with our client.

So our strategy for continued growth. This morning, I'm going to talk about our plans for FY '13. That's the real focus of this session. And as we think about FY '13, there are 2 objectives we're talking about. One is growth, and the other is innovation. And in both cases, these are things that we're looking to respond to client needs and strategize about how Towers Watson is going to develop into the future. As you can see here, the notion is our strategy is focused on profitable growth. And we really have a three-pronged approach to our profitable growth. One is the organic part, where we're looking to increase our market penetration, where we're looking at developing a lot more in emerging markets. Emerging markets are an area where we feel we've done pretty well, but we also feel there's a lot more that we could do. It's an area that we see a special interest to growth and [indiscernible] will talk a bit more about that in his presentation. And as we

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