Frank, age 55, is considering adopting a lifestyle investment technique as he aims to build up his personal pension prior to retirement. He should be aware that:
A. The asset mix of the fund will be adjusted automatically on pre-determined dates
B. His ongoing exposure to equities will reduce with lifestyling
C. After 10 years, a maximum of 25% of the investments will be in bonds
D. Lifestyling is likely to be appropriate if he intends to purchase a conventional annuity with his entire fund.
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