Translation of "rendement attendu " (French → English) :

The 4 % discount rate proposed as an indicative benchmark should be based on the current long-term rate of return from an international portfolio of investments calculated as a mean return of 3 % from the assets adjusted upwards by 1 %, which is the percentage by which the average long-term government bond yield in the Union area has fallen since the financial discount rate for the 2007-2013 programming period was set.

an indication that national tax legislation of the investor's home Member State may have a significant impact on the expected and actual return of investment;

(a) an indication that national tax legislation of the investor's home Member State may have a significant impact on the expected and actual return of investment;

the market risk profile of the investments of the AIF, including the expected return and volatility of the AIF in normal market conditions.

(2) In July 2011, the International Maritime Organisation (IMO) adopted technical and operational measures, in particular the Energy Efficiency Design Index (EEDI) for new ships and the Ship Energy Efficiency Management Plan (SEEMP), which will bring improvement in terms of reducing the expected increase in greenhouse gas emissions, but alone cannot lead to the necessary absolute emission reductions of greenhouse gases from international shipping to keep efforts in line with the global objective of limiting increases in global temperatures to 2°C.

There is the question of disaffection amongst the young who cannot find work, for whom it becomes more difficult, and of course the problems that many people will face when their private or occupational pension schemes are not able to pay out in the way that they thought they would.