American_Bankers_Association
CTFA · Question #4
CTFA Question #4: Real Exam Question with Answer & Explanation
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Question
Frank, age 55, is considering adopting a lifestyle investment technique as he aims to build up his personal pension prior to retirement. He should be aware that:
Options
- AThe asset mix of the fund will be adjusted automatically on pre-determined dates
- BHis ongoing exposure to equities will reduce with lifestyling
- CAfter 10 years, a maximum of 25% of the investments will be in bonds
- DLifestyling is likely to be appropriate if he intends to purchase a conventional annuity with his
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