A large corporation has a defined contribution pension plan. The corporation wants to help its employees plan for their retirement. For the briefing note construct an empirical example of pension financial plan for a typical employee who has just started working for the company.

1. In your pension example identify the principal objectives and the risk factors that an employee will face in planning for retirement
2. What financial tools/products can be used to mitigate (reduce the scope of) the various risk factors.
3. What are the assumptions underpinning the numbers that you will use in developing such an example?
4. Provide substantiation or evidence in support of the numbers that you will use for the empirical illustration of a financial plan for a typical employee of the company.
5. Given what we know about financial capability & financial advice what specific suggestions you will have to make the pension plan work.