Bob is 60 years old, single and a member of the Defined Benefits division at UniSuper (Australia‘s largest corporate superfund with100,000+ members and $19 billion in funds under management).He is now assessing his financial position and considering retiring in 5 years. UniSuper account is his main resource to support his post-retirement living，in addition to a very small amount of part pension from the government given the current legislation doesn’t change and he passes the asset test. He has approached you, an internal financial advisor at UniSuper, to get a better understanding of the risks that he faces until he retires and in the years after retirement. Please discuss three major risks in his situation by clearly identifying each risk and explaining ameasure of such risk if it is quantifiable and/or discussing briefly if it is not quantifiable.
Bob is 60 years old, single and a member of the Defined Benefits division at UniSuper (Australia‘s largest corporate superfund with100,000+ members and $19 billion in funds under management).He is now assessing his financial position and considering retiring in 5 years. UniSuper account is his main resource to support his post-retirement living，in addition to a very small amount of part pension from the government given the current legislation doesn’t change and he passes the asset test. He has approached you, an internal financial advisor at UniSuper, to get a better understanding of the risks that
he faces until he retires and in the years after retirement. Please discuss three major risks in his situation by clearly identifying each risk and explaining ameasure of such risk if it is quantifiable and/or discussing briefly if it is not quantifiable.
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