Good morning, everyone. I would like to acknowledge the Gadigal people of the Eora Nation, traditional custodians of the land on which we present today, and pay my respects to the elders, past, present, and emerging. I extend that respect to all Aboriginal and Torres Strait Islander people on this update today. My name is Vivek Bhatia, and I'm joined today by Andrew MacLachlan, our Group Chief Financial Officer. On behalf of the executive leadership team, Andrew and I would like to thank you for your time today as we present our full year results for the financial year 2023. Today, I will start by providing you with an overview of our operational and financial results. Andrew will then walk you through the detail of our financial update, including our divisional results, and then I'll return to summarize, provide an outlook, and open for Q&A. Over the last 12 months, the executive team and I have remained focused on serving our clients, simplifying and growing our business, and supporting our people in line with what we have said and committed to do in FY 2023. Link Group's digitally enabled platforms connect over 100 million people globally with their assets safely, securely, and responsibly. I am pleased to advise that we have once again delivered on our guidance, with the results showing the resilient nature of our continuing operations. Our FY 2023 operating EBIT of AUD 178.3 million was up 15.7 and 3.5% above the top end of our guidance range we provided over 12 months ago. The underlying performance of our core businesses have remained strong. We have remained focused on delivering on our strategic goals of simplify, deliver, and grow. Our core businesses of RSS and Corporate Markets have delivered full year revenue growth of 8.2% and a combined EBIT growth of 23.4%. Underlying operating EBIT margin on a continuing operations basis was up 221 basis points to 17.9%. As outlined on this slide, we have continued to build on and grow Corporate Markets and RSS through 5 bolt-on acquisitions, reinforcing our strategy of strengthening our core businesses and positioning them for future growth. Last but not least, I am pleased to advise that the Link Group board has declared a final dividend of AUD 0.04 per share, which will be 60% franked. This makes the total dividend for FY 2023 at AUD 0.085 per share, which on the current share price represents a dividend yield of 6.3%. Turning to our financial performance, I wanted to call out a few specific items ahead of Andrew's more fulsome summary that he will provide shortly. Our FY 2023 revenue was up 4.5% year-on-year. Our FY 2023 group revenue on a continuing operations basis, that is excluding FS and BCM, was up 8.2% on FY 2022. Operating NPATA, excluding PECSA, was up 1.2% and was impacted by higher interest expense. For FY 2023, we reported a statutory loss of AUD 418 million. This is consistent with the number we pre-released on August 3, 2023. Since the expected sale of the FS business to Waystone and the announcement of the conditional settlement with the FCA are over two financial years, from a statutory and accounting standards perspective, we expect to book approximately AUD 265 million gain in FY 2024 once the sale is complete and the scheme is implemented. There are several moving parts here, mainly driven by accounting standards, and Andrew will provide a more detailed explanation shortly. Our balance sheet remains strong, with leverage ratio at 2.6 times, which is in the middle of our range. During the year, we have spent over AUD 120 million on CapEx and bolt-on acquisitions, with the aim of strengthening our core businesses and continued reinvestment into maintaining our best-in-class solutions and technology platforms. We continue to focus on our sustainability, environmental, and social goals as we strive to build a sustainable, diverse, caring, and inclusive organization. We also continue to focus on our ability to minimize our impact on the environment, and I'm pleased to advise that we remain on track to achieving our climate goals and will be releasing our inaugural Task Force on Climate Related Financial Disclosure, or TCFD report, next month. In FY 2023, I'm pleased that we raised and contributed over AUD 540,000 in financial and in-kind giving and volunteering back to the communities in which we operate. We're also very proud of the diversity of our people and the richness that brings to the business, and we continue to deliver on our 40, 40, 20 goals. Finally, our steadfast commitment on data security is globally recognized and evident through our ISO 27001 certification, which now has 94% global coverage and further amplifies our protective measures. As previously stated, the simplification journey that we committed to undertake is largely complete and delivered. The sale of our BCM business is on track to complete in the next few days, with all regulatory approvals now received. The sale of our FS business to Waystone Group also remains on track, and we expect completion in October 2023, subject to a couple of regulatory approvals. We have also signed a sale and purchase agreement for the sale of our FS businesses in Luxembourg and Switzerland. We expect to complete the sale by third quarter of FY 2024, subject to regulatory approval in Luxembourg. The LFSL creditor scheme is progressing to plan. As we announced on the third of August, LFSL expects to issue a practice statement letter in September of 2023. The practice statement letter is a very important step forward, and it will notify the investors of the LF Woodford Equity Income Fund of the formal launch of the scheme. This will provide further details about the key terms of the scheme and the first court hearing in relation to the scheme. Both BCM and Fund Solutions businesses possess sound fundamentals, and we are proud of their excellent people and leadership. Ultimately, we know that these businesses will be better placed to achieve their full potential for its people and its clients under different ownership, and as we dedicate our focus and resources on our two market-leading core businesses of corporate markets and RSS. As we look forward towards the future of our core businesses, our high levels of recurring revenue, solid performance from these core businesses, as well as the geographic and sector diversification of our overall client base, continues to provide us with a high degree of resilience and a strong foundation from which we can deliver consistent and sustainable growth. Revenue growth on a continuing operations basis was 8.2%, and excluding acquisitions completed during the year, it was 6.3%. On a continuing basis, the operating margin, excluding the margin income, was 13.6%. Going forward, undoubtedly, Link Group will be a higher growth and higher margin business, as you can see from the numbers on this slide. I will now hand over to Andrew to take us through the financial summary. Thank you, Vivek, and good morning, everyone. I'm gonna provide more detail on the financials, first at a group level, and then at a business unit level, before handing back to Vivek to provide an update on our outlook. I'd also direct people to the appendices at the back of this presentation, which provide more detailed reconciliations of our operating to statutory results. As Vivek mentioned earlier, we've once again delivered on our guidance. Our operating EBIT performance for the financial year 2023, of AUD 178.1 million, was 3.5% higher than the top end of our guidance range of AUD 169 million-AUD 172 million. Overall, group revenue was AUD 1.23 billion, which was 4.5% up in constant currency terms on the prior year. Group revenues, excluding acquisitions, was up 3.1% for the year. Group revenue saw benefits from higher member numbers in RSS, higher number of shareholders in corporate markets in India, and higher margin income from corporate markets in the UK and Australia. This was offset by lower revenue and Fund Solutions, BCM, and lower capital markets-related revenue for corporate markets in the UK and Australia. Operating costs were up 3.5% for the year, but were up only 2.1% once adjusted for the acquisitions. Benefits from our now completed global transformation program and the ongoing contribution from our India hub offset some of the inflationary pressures experienced in staff and vendor costs. We've also continued to see our federated operating model start to deliver benefits as our businesses take greater control of their costs. At the operating and PAT level, we've reported earnings of AUD 99.1 million, which includes a PEXA contribution of AUD 9.9 million. As you're aware, the PEXA in-specie distribution was implemented in January 2023. For the financial year 2023, operating NPAT, excluding PEXA's contribution, was AUD 89.3 million, up 1.2% from a year ago, and was mainly impacted by the higher interest cost on our corporate debt. As Vivek mentioned, our statutory NPAT loss of AUD 417.7 million was impacted by a number of factors, which I'll talk to in the next slide. There are several components to walk through when bridging from operating NPAT to our statutory NPAT, and we've disclosed these in our update to the market on the third of August, 2023. Our operating NPAT, excluding PEXA, of AUD 89.3 million, was impacted by the following: Gain on sale of AUD 406.8 million on the PEXA sell down and the in-specie distribution. You'll remember we recognized AUD 47.9 million in the first half of 2023 related to the PEXA on-market sale in November 2022.... The remaining AUD 358.9 million fair value gain recognized in the second half is a result of the PEXA in-specie distribution, implemented in early January 2023. We've taken a AUD 31.1 million fair value write-down on the carrying value of our investment in Smart Pension as a result of the valuation work done following their latest equity raise in May 2023. Our UK strategy remains independent of our investment in Smart Pension, as evidenced by the HS Pensions acquisition and recent partnership deals. Like everyone else in the market, we continue to look and assess our property requirements. With the expected sale of our FS and BCM businesses, the properties aligned with those businesses forms part of the sale perimeter. We've now had time to look at the work preferences of our people in the UK and Australia. Weekly office visits still remain well below pre-COVID levels, so we have therefore taken a non-cash impairment of approximately AUD 34.5 million on our surplus real estate footprint, both here in Australia and the UK. This reflects actual office occupancy in a flexible work environment. A non-cash impairment charge of AUD 25.3 million relates to the BCM goodwill, of which AUD 15.4 million was recognized in the first half of 2023. In the second half of 2023, we've taken an additional impairment for our BCM business, reflecting the agreed sale price to LCFH, announced on the 17th of March 2023. A non-cash impairment charge of AUD 368.6 million relates to the fund solutions assets. AUD 448.9 million of this was recognized in the first half of 2023, but in the second half of 2023, we've written back AUD 80.3 million, mainly driven by the accounting standards, given the recognition of a provision in respect to the conditional settlement with the FCA, also in the second half of 2023. Also, for the financial year, we've incurred approximately AUD 34.6 million, net of tax, related to transaction, acquisitions, and operating model changes. As you'll recall, we'd incurred AUD 14.4 million in the first half. Breaking this down further, approximately AUD 23 million relates to transaction costs associated with the D&D Scheme, the PEXA distribution, the BCM sale, the FS sale, and settlement. As you would've seen from our disclosures on the 3rd of August, we've taken a AUD 390.9 million provision related to the announcement of the conditional settlement with the FCA and redress. This amount is post-tax and after discounting for the time value of money, as required by the accounting standards. Considering that the expected sale of the FS business to Waystone and the announcement of the conditional settlement with the FCA are over two financial years, from a statutory and accounting standards perspective, we expect to book approximately AUD 265 million gain in FY 2024, once the sale is complete and the scheme is implemented. This accounting treatment does bring an element of noise in our statutory results, however, we've strived to provide as much disclosure on this element as possible to assist investors. I would also highly recommend you read note 16 in our financial statements that we lodged this morning. Improved operating EBITDA performance and timing benefits have seen us deliver net operating cash flow of AUD 276.9 million, and a conversion ratio of 101%, at the top end of our 90%-100% guidance range. CapEx for FY 2023 was AUD 80.7 million, or 6.6% of group revenue. Since FY 2020, Link Group has spent over AUD 310 million in CapEx, as we continue to invest in our digital capabilities, innovative technology, and market-leading platforms. Free cash flow of AUD 40.7 million was an improvement from the same time last year, due to lower transaction-related costs and no PEXA-related CGT payment in the current period, partially offset by higher interest costs on our corporate debt. Looking at finance expenses, we've seen a significant increase in costs, mainly driven by the impact of higher rates, given our debt is 100% floating. It will also be beneficial to look at note 19 of our financial statements to see a breakdown of finance costs that impact our P&L. We ended the period with net debt of AUD 681.5 million, in line with prior year, and our leverage ratio of 2.6 times is in the middle of our preferred guidance range of 2-3 times. Our interest cover remains at a comfortable 5.8 times. As we've disclosed back in April 2023, and again on the 3rd of August 2023, we expect our pro forma leverage ratio at the end of June 2024 to be at the upper end of our 2-3 times range. Our leverage forecast assumes a normal level of working capital movement, 90%-100% cash conversion ratio, CapEx spend at the top end of the 4%-6% of revenue range, tax paid at a 28%-30% effective rate, interest expense on corporate debt, which I previously noted is 100% floating, and is contingent on the FS sale and LFSL scheme implementation occurring during FY 2024.... We remain focused on our core businesses and their ability to reinforce their market-leading position. We will continue to assess bolt-on acquisitions on a case-by-case basis, and we'll prioritize strategic deals over a slight delay for our leverage ratio to return to the midpoint of our preferred range. Looking now at each of our businesses in turn, starting with Retirement and Super Solutions, or RSS. RSS revenue for FY 2023 increased by 8.3% to AUD 554.1 million, with underlying revenue excluding acquisitions for FY 2023, up 5.7%. RSS underlying revenue growth was underpinned by higher member numbers, indexation, and contribution from the UK, partially offset by the impact of unclaimed super money and previously announced client exits on account of industry consolidation. Project activity, which is reflected in non-recurring revenue, was in line with expectations. Strong member growth in RSS continued, with ANZ member numbers up 7.5% year-on-year. This member growth largely reflects continuing growth in members at our largest clients. Offshore, RSS has made great progress over the last 12-18 months. The UK now administers around 1.6 million pension accounts, with the HS Pensions acquisition completed in the first half of 2023. In July 2023, Link Group also signed a multi-year partnership with Cushon, now part of the NatWest Group, in the UK. The UK margin profile will be lower than that achieved in Australia, as the business model is different. RSS now also has a strong foothold in Hong Kong after our acquisition and agreement with HSBC for the provision of digital pension services to HSBC's Also clients for a period of 10 years. The Hong Kong market is currently undergoing significant regulatory change, and this is where we see an opportunity to step in and provide these services on behalf of current administrators to consolidate the industry and provide scale benefits. The corporate ORSO market is akin to the corporate super market in Australia. We believe the HSBC transaction will be a significant consolidation opportunity, not only in the ORSO market, but also in the adjacent MPF market. I note in Hong Kong, it's a fund-based revenue model, and we expect the Hong Kong region to be a material contributor to the RSS division over the next 3-5 years. Turning now to corporate markets. Corporate markets delivered a good performance with revenues of AUD 416.4 million, which was up 7.6% compared to the PCP. On a constant currency basis, revenue was up by 8%. Australia and New Zealand revenues of AUD 184.7 million was up 2.9% and contributed 44.3% of corporate markets' revenues. The business delivered strong client wins through the year, including Ampol and hipages Group, and its revenue growth was also assisted by higher margin income. This was partially offset by weaker capital market activity impacting corporate actions, IPOs, investor relations, and therefore printed mail volumes. Fund Solutions in Australia is now operationally integrated within corporate markets and is now called Fund Services. Corporate Markets is the only scale provider of listed and unlisted registry services in Australia. In the UK, revenues of AUD 167.3 million was up 3.5% and contributed 40.2% of corporate markets' revenues. Revenue was supported by new business wins, as well as a strong renewal pipeline. Margin income also contributed to the strong UK result. Similarly, as in Australia, capital markets activity was soft, with low IPO activity and low market confidence, slowing corporate actions and share dealing. I'm pleased to report India had another very strong year, with revenue growth of 22.2%, contributing 8.3% of corporate market revenues. The growth was mostly seen through the first half, driven by buoyant IPO activity. Float balances across corporate markets were approximately AUD 1.6 billion during the year and benefited from one-off activity in the second half and the growing equity share plan business in the UK. Average base interest rates were approximately 3.1%, with a 95% earn through and the float balance split 67% to the UK, with the remaining exposed to Australian rates. We expect float balances for FY 2024 to be in the AUD 1.3 billion-AUD 1.4 billion range. I'll finish with Fund Solutions and Banking and Credit Management. Both these businesses have been classified as discontinued businesses and are held for sale in our balance sheet as of 30 June 2023. Revenues for both these businesses was AUD 272.6 million for the year, down 6.6%, with operating EBIT of AUD 7.1 million, down 54%. I'll now hand back to Vivek to provide an update on our outlook. Thank you, Andrew. Looking forward to FY 2024, Link Group is a simpler, focused, and more importantly, a growth-oriented business. Our modern, secure, and scalable technology platforms are known for their industrial-grade robustness and reliability. Our innovative solutions leverage artificial intelligence and robotic process automation to enable our clients to enhance their overall member or shareholder experience and outcomes, while fulfilling the changing landscape of regulatory requirements. RSS is Australia's number one superannuation solutions provider with a 41% market share. It is also Link Group's largest division, generating 57% of group revenue on a continuing basis and about 58% of operating EBITDA. Corporate Markets, which is a fast-growing and geographically diverse business, generates 43% of group revenue on a continuing basis and contributes 42% of the operating EBITDA. It continues to make strong strides in securing market share across its broad range of products, with India performing exceptionally well again in FY 2023. As you can see from the table on the bottom right, going forward, Link Group will be a higher margin business, and we remain optimistic about the opportunities that present themselves in the future. Both of our businesses have solid fundamentals, blue-chip clients, experienced and dedicated people, and robust technology platforms. These attributes make them market-leading businesses with a strong runway for growth. Link Group on a continuing basis, i.e., with RSS and Corporate Markets, generates over AUD 950 million worth of revenue and has delivered a circa AUD 248 million of operating EBITDA in FY 2023. On a pro forma basis, Link Group, on a continuing operations basis, delivered an operating EBITDA margin of 26% and an operating EBIT margin of 17.9%. The next two slides provide the focus areas and some key highlights of our core businesses. As you're aware, RSS has a purpose-built, flexible technology and services ecosystem that is actively growing into a global retirement solutions business. RSS currently administers more than 11.6 million super and pension members on its platforms across four jurisdictions, including 10 million in Australia. Our focus for FY 2024 builds upon the expansion of RSS into Hong Kong, a continued growth in the UK on a solid platform, and consolidating and building upon its market leadership position in Australia. RSS continues to expand on its service offering to deliver on data, digital, and retirement capabilities to serve its clients and their members. The focus on IT security, as well as adoption of innovative solutions, turbocharge the robust, comprehensive, and scalable platforms to deliver on the changing regulatory landscape and the evolving expectations of members in the sector. Corporate Markets provides an unmatched ecosystem of technology-led solutions, which are unparalleled in the market and provide a wide range of services for clients to operate in the listed and unlisted space. As the slide shows, Corporate Markets is focused on the key verticals, and we are already seeing benefits of this renewed focus of offering an ecosystem of platforms and services to its clients in a bundled and integrated way. Corporate Markets is a strong number one or two in the markets it operates in, and the UK has continued now to see an improvement in its performance over the last couple of years. New client wins in Australia have been driven by the range and quality of services on offer, and now also the fund services business in Australia is integrated into Corporate Markets and provides the only scale solution for a combined listed and unlisted registry services in the country. India has been a great success, with number of shareholders more than doubling since December 2020. With now still only less than 10% of the Indian population having exposure to the Indian stock markets, there remains significant runway for growth over the medium term as the capital markets there go through a boom cycle. Now turning attention to the outlook for FY 2024, noting that our guidance is on a continuing operations basis only. On this slide, we have provided more detail and metrics around our thinking. We expect group revenue to grow at least 5% and group operating EBIT to grow at least 6% in FY 2024. As we have previously stated, we expect leverage ratio to be at the upper end of our 2-3+, of a 2-3 times range as at June 2024, which is contingent on the FS sale and the LFS sale scheme implementation occurring during FY 2024. Back in November 2021, we had provided the market a 5-year or a 2026 aspirational targets for our businesses. We felt that it is now appropriate to provide an update on these targets, given our simplification agenda is largely complete, and also reflects in our continuing businesses going forward, as well as the changing operating conditions that we have seen today. As you can see on the slide, we have updated our growth rates to FY 2026 and provided three-year CAGRs for our core businesses. We expect RSS to deliver a three-year CAGR growth of 4%-6% for revenue and 4%-6% for operating EBIT. This assumes HESTA transitioning out towards the end of calendar 2024, as previously announced. We expect corporate markets to deliver a three-year CAGR growth of between 5% and 7% for revenue and 7.5%-9.5% for operating EBIT. The final component of our simplification strategy is to streamline our corporate center to reflect a simpler, less complex organization. We anticipate that we should have a smaller corporate center and more fit for purpose by the end of FY 2024. At a Link Group level, we expect to deliver a 3-year revenue CAGR of 4%-6% and an operating EBIT CAGR of 5%-7%. In closing for today, I'd like to highlight a few things. We are very well positioned to deliver operating EBITDA and operating EBIT growth in FY 2024 and over the medium term. You can see that it is underpinned by our scale, expertise of our people, and proprietary technology platforms that are market leading. As mentioned, we are expecting group revenue on a continuing operations basis to be up at least 5% in FY 2024, and operating EBIT to be up at least 6%. Going forward, we will be a simpler, more focused, and a growth-oriented business. We continue to deliver to our guidance with increasingly consistent business and financial performance as we successfully deliver for our clients and shareholders. Our focus is now on strategic growth to reinforce and further expand our core businesses. RSS and corporate markets are great businesses, and both of them have delivered revenue growth and margin improvement in FY 2023 in challenging operating conditions. Both businesses have strong recurring revenue profiles, good cash flow conversion, and either number 1 or 2 in the markets and verticals that we operate in. We are confident that our core businesses have the strength, the diversity, and the resilience required to navigate the current operating conditions, as evidenced by their strong performance over the last two years. The underlying quality, capability, and capacity of our core businesses remains extremely sound, and they are poised to deliver solid revenue and margin growth over the medium term. Before we move to Q&A, I would like to thank my entire leadership team and every single one of our 7,200 employees globally for their ongoing dedication and focus. I'd like also to thank you for your attendance today, and now we'll open up for questions. Thank you. If you wish to ask a question, please press star one on your telephone and wait for your name to be announced. If you wish to cancel your request, please press star two. If you're on a speakerphone, please pick up the handset to ask your question. Your first question comes from Ed Henning with CLSA. Please go ahead. Thank you for taking my questions. Just firstly, I just wanted to touch on your, both your 2024 and then, and your aspirational targets for 2026. Can you just talk about in your divisions, the RSS, how much of the growth is in Hong Kong and the UK, and then corporate markets, how much of the growth is beyond the Australian business? Just to get a feel of where the growth is coming from, please, the first one. Thanks, Ed, for the question. So, when we look at RSS, we see a significant underlying member growth within our clients in Australia. And we have seen that over the last couple of years. So, you know, you can take that same rate of growth that we currently see in the members, and we see that going forward as well. In terms of international growth, as Andrew said, we see a material contribution from our HSBC transaction in Hong Kong over the next 3-5 years in RSS. Whereas in the UK, you know, we have since the, I just mentioned, acquisition in earlier calendar 2023, we now see a good, solid platform for future growth, plus the transaction with Cushion, which is a NatWest Group company now. We will see that as also turbocharging the growth. So we do see a decent amount of growth coming from overseas, but we also see a very reasonable amount of growth coming from our Australian business as well in RSS. Coming to corporate markets, we see India growing solidly over the forecast period. You know, we are definitely of the view that capital markets there is in a boom cycle, and we definitely see the, you know, us being a very credible number one or number two player, depending on which metric you look at, us getting our fair share of growth in that market. Plus, we see a good amount of growth returning to Australia and the UK in that forecast period. Not probably in 2024, but definitely in 2025 and 2026, we do see some return of corporate action activity, whether that's IPO or other corporate actions in terms of turbocharging the growth in those two home markets as well. ... Okay. No, that's, that's great. And have you included any bolt-on acquisitions in your forecast? How are you thinking about those, or is that gonna augment growth more, or how should we think about that? Yeah, great question, Ed. So, we are, we do not factor that into our numbers at the moment. We have got some, a couple of very small, tiny bolt-ons that we have line of sight on, but apart from that, we don't, we haven't really factored that in. Obviously, Ed, you've got the full year impact of the acquisitions that we did this year flowing into next year. Okay. No, that's, that's helpful. And then just a second question from me. You know, following the loss of HESTA, you know, have you taken any learnings from this or, you know, changing your approach to renewing some of your other key contracts? And, you know, what is your confidence around retaining some of those key clients? Yeah, look, I think, you know, every time, you know, you lose a major client, it is always a time for self-reflection. Could we do something different? Should we have done something different in the past? Can we do something different in the future? We always continuously live and learn. That's, that's, I guess, our motto from a business perspective. We do believe that, you know, we have a market-leading proposition, whether that's through the platforms that we have, the services on offer, and the quality of people on offer as well. We are strongly of the view that, you know, when you look at the HESTA loss, we should also look at the re-signing of REST, which only happened a couple of months before HESTA, but sometimes probably gets lost in the noise. You know, REST has 1.9 million members as opposed to HESTA's 1 million members, and they went through a robust 18-month RFP, RFQ process with more than 9 players in the market that they evaluated and, and at the end of that, decided to re-sign with us on a five-year contract. So we have learnings from both of those exercises, and, and as a result of that, we, we still remain very confident and optimistic about our chances on upcoming renewals. Yeah, that's, that's very helpful. Thank you. Thanks, Ed. Thank you. Once again, if you wish to ask a question, please press star one on your telephone and wait for your name to be announced. Your next question comes from Nigel Pittaway with Citi. Please go ahead. Oh, good morning, guys. Perhaps on a similar vein, I mean, obviously, the loss of a HESTA contract does. It does basically increase the concentration risk within RSS. That was already pretty significant and now is even more significant. I mean, it means you're sort of very dependent on those renewals that are coming up. Is there anything you can say about that? And, you know, is there something you're doing to try and mitigate that as we move forward? Yeah, I think, you know, Nigel, as you know, I think whether, you know, the HESTA result was the same or different, you know, the focus on us on renewing the other contracts, you know, doesn't change. That remains a clear focus for us on every single renewal that happens with any of our major clients. From our perspective, we focus on delivering the right service. You know, we ensure that we have the right proposition, we have that at the right price point, and ensuring that we can assist our clients through their strategy, over the upcoming period in terms of delivering to the outcomes that they aspire to deliver to their members. So that remains a clear focus area for us. We continue to work with all our clients in that endeavor. As I've said before, we remain confident that when funds go through robust RFP and RFI processes over a period of time, that we have the clear ability to show our wares, to show the proposition, and to show why we are a market-leading platform to choose. Okay, thanks for that. And then, is there a period sort of coming up where you think you might be in a position to give investors a bit more sort of comfort over security of 10 of your major contracts? Is there sort of a way in which you can sort of ensure you've got them all locked in over a certain period of time? Is that something, or is it just sort of you've just got to play with the RFPs when they come up and, and just play as best you can? Yeah, so I think, you know, the RFP processes are run by clients. You know, I don't dictate the timing of those. You know, that is a process that each trustee board and the super fund needs to run. You know, we have flagged, as you know, we have AustralianSuper, who is in the middle of an RFP process, so I don't want to comment too much on that. Apart from the fact that I remain confident that we have the right capability to put forward the proposition that has served them in the past, and we believe will serve them very well in the future as well. They have a timeline which probably goes towards the end of the year or beginning of next year from a calendar perspective, and we will work with them on their timeline to be able to deliver that outcome for them. Now, as you know, that their contract at the moment is up until mid-2025, so there is a significant runway before they need to make a decision on how they renew their contract. With Cbus, their current contract is due in the middle of 2024. And again, we are working with them on their preferred choice of process as well. So again, I would probably just focus around the fact that our job here is to deliver on their requirements today, and more importantly, ensure that we are positioned in the best possible way to deliver on their requirements for the future... rather than worry about, you know, whether we can shortchange an RFP process, which is definitely not something that we intend to do. That is their process to run, and we will work with them on their timelines and their process. Okay, thank you for that. And then, maybe just... I'm sorry if I missed this as you went through, but where are you with your retirement platform launch? So we have got a soft launch on the retirement platform. We have got a couple of products on it. You know, we announced that, and we are working with a number of our clients at this point in time to incorporate that as an offering. So we call it the Pathfinder platform. And we can provide some more information at a later stage on that, but suffice to say that that is a platform that has been built purposefully for what we believe is an ever-increasing need of providing high-quality advice, and also to ensure that we can give our clients the ability and the platform to give other products, such as longevity products, to their members as they move from accumulation to retirement. Okay, and thank you for that. Then maybe just finally, just a quick point of clarification. The significant items guidance of sort of AUD 20 million-AUD 30 million for FY 2024, is that net of the AUD 255 million gain or is that separate? Separate. Separate, yeah. Okay, very good. All right, thanks very much. Thanks, Nigel. Thank you. Your next question comes from Siddharth Parameswaran with JP Morgan. Please go ahead. Good morning, gentlemen. Just my first question is just on Corporate Markets. I want to understand just the decline that occurred in recurring revenues from FY 2022 to FY 2023. I was hoping you could just give some color around that, and in particular, if there were any contract losses, either in Australia or in the UK. No, I think, yeah, the... And, you know, I'll get Andrew to explain, but the way to think about this, the margin income, you know, sits in the non-recurring revenue side, and because that has expanded, the proportion of recurring revenue has fallen, and there's no contract losses. No. I mean, it continues to be a competitive market, Sid. So as we've always said, competitive market with lots of competition for both renewals and new business. So you see that being reflected as well. Okay, so some pricing changes. Okay, and is that across both geographies... Oh, sorry, well, in the UK and Australia? Yeah, I mean- Those comments on price intentions. They're both competitive markets, clearly. Yeah. Yeah. Okay. Okay, great. Okay, thank you for that. Just another question then, just on RSS. Vivek, I've sort of had a few different questions around the HESTA loss, but I just want to ask a question about what feedback you had from HESTA as to the reason they made a change. I was hoping you might be able to provide some feedback on whether it... On, you know, what explanations they gave on their reason for a change. I think, Siddharth, from my perspective, you know, I respect their decision and their choice, based on the work and analysis that they have undertaken on what platform better suits them going forward. And that's probably all I will say on that point. Okay. Okay, thank you, gentlemen. Thanks, Siddharth. Thank you. There are no further questions at this time. I'll now hand back to Mr. Bhatia for closing remarks. Thank you very much for taking the time and attending today's presentation, and we wish you a very good day ahead. Thank you.