Dictionary
pension fund
a fund set up to pay the pension benefits of retired workers
Pension funds help individuals save for their old age.
Phrase Bank
- Saving privately every month in a pension fund is a good idea.
- Mr Smith's pension fund had lost value during the last 2 years.
- An insurance broker can give advice on which pension funds you should invest in.
Additional Notes
- Pension funds control relatively large amounts of capital and represent the largest institutional investors in many nations.