Raj is 60 years old, single and a member of the Defined Benefits division at TelstraSuper (Australias largest corporate superfund with 100,000+ members and $19 billion in funds under management). He is now assessing his financial position and considering retiring in 5 years. TelstraSuper account is his main resource to support his post-retirement living, in addition to a very small amount of part pension from the government given the current legislation doesnt change and he passes the asset test. He has approached you, an internal financial advisor at TelstraSuper, to get a better understanding of the risks that he faces until he retires and in the years after retirement. Please discuss three major risks in his situation by clearly identifying each risk and explaining a measure of such risk if it is quantifiable and/or discussing briefly if it is not quantifiable. (Note: Risk in asset allocation context has to be linked to investors objectives. Discussing the risk factor alone, eg. interest rate risk is not sufficient.)