PLS HELP ASAP ON BOTH Which of the following statements about pension adjustments (PA) is TRUE?O They represent how much your pension is reduced due to market conditions.O They increase your registered retirement savings plan (RRSP) room by the amount of the pension adjustment.O They represent how much your pension will increase due to years of service.You will receive a PA whether you are in a defined contribution or a defined benefit pension plan. A client has $950,000 in his RRSP account and $550,000 in his non-registered account held in nominee name with Tradewell MutualFunds.In the event of his dealer, Tradewell Mutual Funds declaring insolvency, what is the total amount the client be eligible to receive from theMutual Fund Dealers Association of Canada Investor Protection Corporation (IPC)?O The client will not be eligible for any coverage.O The client will be eligible for coverage of $550,000.O The client will be eligible for coverage of $950,000.The client will be eligible for coverage of $1,500,000

1. The correct statement about pension adjustments (PA) is:You will receive a PA whether you are in…

Answered: Which of the following statements about…

Economics Today and Tomorrow, Student Edition

1st Edition

ISBN:9780078747663

Author:McGraw-Hill

Publisher:McGraw-Hill

Chapter6: Saving And Investing

Section6.3: Special Savings Plans And Goals

Problem 1R

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