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Explain a compliance issue associated with this scenario

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Reference no: EM133013066

Question - Anup has just retired at age 65. He has $250,000 in his superannuation account. He doesn't like the amount of fees charged by financial planners and is worried that he could lose his capital if he used investments that they would recommend. He plans to cash out his superannuation and place some of the funds in his working account for the next 6 months, with the balance split between two term deposit accounts.

Required -

a) Explain to Anup the main risk and return concepts associated with cash investments in this scenario.

b) Consider the issues of Anup using his superannuation (or an allocated pension) as his investment instead of his working account and two term deposits.

c) Briefly explain a compliance issue associated with this scenario.

Reference no: EM133013066

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