7. Which of the following about superannuation funds is NOT correct?

Select one: a.It is reasonable for a person nearing retirement to change to a conservative asset allocation for their superannuation fund. b.A defined contribution or accumulation fund involves risk for the member as there is no defined payout. c.The majority of fund members make regular contributions to their superannuation fund over their working life. d.A capital guaranteed superannuation fund assures contributors that they will at least receive back the value of their investment. e.For a defined benefit scheme, the amount of the benefit at maturity depends on the investment performance of the fund.