Which of the following statement is incorrect?
A) In defined benefit funds, the final payment is defined in advance.
B) In defined contribution (or accumulation) funds, the investment risk is borne by the members.
C) In defined contribution (or accumulation) funds, the member's contribution is defined and the final benefit depends on the fund's investment performance.
D) None of the above.
Correct Answer:
Verified
Q1: Which of the following is an appropriate
Q2: The purpose of performance 'benchmarks' is to:
A)
Q3: The minimum required contribution by Australian employees
Q5: A low price- earnings ratio on an
Q6: A tool being developed by banks to
Q7: The category of fund in which most
Q8: The single responsible entity of a fund
Q9: The term 'herd behaviour' refers to:
A) the
Q10: Fixed- interest trusts invest in:
A) shares.
B) derivatives.
C)
Q11: Studies of fund performance show:
A) no fund
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