Question: 1. What is a will and why is it necessary to have an up-to-date will? (6 marks) 2. What is the difference between an account-based

1. What is a will and why is it necessary to have an up-to-date will? (6 marks)

2. What is the difference between an account-based pension and a transition-to-retirement pension? (6 marks)

3. What is systematic risk? How might exposure to systematic risk be reduced or eliminated? (5 marks)

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