IFoA SP4 Practice Questions - IFoA SP4 Pensions And Other Benefits Specialist Principles Exam

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In a pure defined contribution (DC) arrangement, the member's retirement benefit at the point of retirement depends MOST directly on which combination of factors?

The employer's funding valuation and the scheme's technical provisions Contributions paid, investment returns achieved, and charges deducted The statutory revaluation order and a guaranteed accrual rate The scheme actuary's chosen discount rate for the liabilities

Correct Answer:

Contributions paid, investment returns achieved, and charges deducted

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