There's a bit of a dip there, so you probably want to adjust those down based on the rally in markets between now and then.
I think there are two parts to your question. One is that returns are, obviously, from where the markets are at one point to where they are going to be, and that's clearly going to be significantly dampened by the time markets come back. At the same time, I think your underlying question is whether there will be dampened returns based on the underlying economic performance. As I said, we expect a swoosh-shaped economic recovery at the moment, with economic production back at pre-COVID levels by the second half of 2022. Markets generally precede that because they're always looking forward. It does factor in COVID, but this is for a period of up to 2025.