Question 4 Critically discuss the following two statements about retirement planning: The money you contribute to a private pension scheme is invested, this means that while you could gain money there is also the chance you could lose money (please discuss employers' schemes as Defined Benefits and Defined Contributions and personal schemes) If you are on a fixed income you could find that over the course of your lifetime the value of your income decreases due to inflation. (25 marks) ( 700 words )