Hi Eleanor,
Thank you for pointing this out. I agree with you - the Fund Value at Retirement column should increase as ages increase because the starting fund value is larger at higher ages, not because there is a longer time for investment returns to accumulate. I also agree with you about Scenario 3.
I will get the Corrections Document updated and will also make a note to correct this in future versions of the Course Notes.
EDIT: Just discussed this with another tutor - the current wording is saying that 'with increasing age, there will have been a longer time for past contributions to be invested and grow with investment returns'. What we'll do is tweak the wording in the Notes in future versions so it's clearer and less open to different interpretations!
Thanks
Lucy
Last edited by a moderator: Jul 14, 2022