(a) Explain the role of superannuation and explain why superannuation funds under management have exploded since 1992 and become the largest part of the managed funds industry. (4 marks) (b) Outline and justify which (superannuation) fund (based on investment risk profile) a person with the lowest propensity to take risk and separately a person with the highest propensity to take risk should invest in and why. (4 marks)