Daniel and Camil are comparing their respective company pension benefits. Daniel is a member of a defined benefit (DB) occupational pension scheme. Camil is a member of a defined contribution (DC) occupational pension scheme. It is reasonable to expect that: i. Daniel will be more affected by a salary increase than Camil. ii. Camil will bear a greater investment risk than Daniel. iii. Daniel's pension will be taxed more severely than Camil's. iv. The lifetime allowance charge will affect only Camil but not Daniel, as Daniel is in a DB scheme and Camil is in a DC scheme. Question 11 Answer a. iii & iv b. I & ii & iii & iv c. i & ii d. i & ii & iv