pension fund

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Related to pension funds: Mutual funds

Pension fund

A fund set up to pay the pension benefits of a company's workers after retirement.

Pension

A retirement plan in which an employer makes a contribution into an account each month. The contributions are invested on behalf of an employee, who may begin to make withdrawals after retirement. Typically, pensions are tax-deferred, meaning that the employee does not pay taxes on the funds in the pension until he/she begins making withdrawals. Pensions may have defined contributions, defined benefits, or both. See also: 401(k), IRA.

pension fund

A financial institution that controls assets and disburses income to people after they have retired. Pension funds, which invest in a variety of securities, control such enormous sums that their investment decisions can have significant impact on individual security prices.

pension fund

a financial institution which specializes in the management and administration of personal and corporate PENSION schemes. Pension funds collect regular contributions from individuals, employees and employers in the case of occupational pension schemes, and make payments to retired beneficiaries.

Pension funds use the monies they receive not only to make day-to-day disbursements to pensioners but also to generate additional income and profit by investing their funds in FINANCIAL SECURITIES, mainly UK and overseas government fixed-interest bonds, corporate stocks and shares and property bonds (see INSTITUTIONAL INVESTORS). Their portfolios attempt to maintain a careful balance between immediate liquidity needs and longer term investment returns.

The pension fund movement in the UK is represented by the National Association of Pension Funds (NAPF), which provides a forum for the discussion of matters of general concern to members and acts on behalf of members in dealings with other institutional bodies such as the Institutional Investors Committee and the Government. The investment and management of monies by pension funds are regulated by the INVESTMENT MANAGEMENT REGULATORY ORGANIZATION (for in-company pension funds) and by the FINANCIAL SERVICES AUTHORITY (for retail pension funds) in accordance with various standards of good practice laid down under the FINANCIAL SERVICES ACT 1986.

pension fund

a financial institution that specializes in the management and administration of personal and corporate PENSION schemes. Pension funds collect regular contributions from individuals, employees and employers in the case of occupational pension schemes and make payments to retired beneficiaries.

Pension funds use the monies they receive not only to make day-to-day disbursements to pensioners but also to generate additional income and profit by investing their funds in FINANCIAL SECURITIES, mainly UK and overseas government fixed-interest bonds, corporate stocks and shares, and property bonds (see INSTITUTIONAL INVESTORS). Their PORTFOLIOS attempt to maintain a careful balance between immediate liquidity needs and longer-term investment returns.

The investment and management of monies by pension funds are regulated by the FINANCIAL SERVICES AUTHORITY in accordance with various standards of good practice laid down under the FINANCIAL SERVICES ACT 1986. See FINANCIAL SYSTEM, TRACKER FUND, INDIVIDUAL SAVINGS ACCOUNT.

References in periodicals archive ?
Being a member of a pension fund a monthly contribution is deducted from his salary and paid over to the pension fund for his eventual retirement.
All persons holding CNIC are eligible to become members of pension funds and accumulate savings for their retired life.
It is followed by the Rhondda Cynon Taf Pension Fund, which invests PS222,983,200, or 7.
However, the SECP has issued a directive restraining pension fund managers to charge sales load if investors themselves approach the fund manager for investment.
They are UTI Retirement Benefit Pension Fund and Templeton India Pension Fund.
The Bill seeks to give statutory powers to the Pension Fund Regulatory Authority.
The research team is said to have made some recommendations on various issues including changes to the Social Security Act, and on the economic implications of introducing a national pension fund.
The GMB, which has warned of possible closures and job cuts, said the pension fund trustees must insist that enough money is paid into the fund to cover the full wind-up value of all the pension promises to employees and pensioner members.
Use of the pension funds is part of an effort to make up for loss of money with the narrow defeat last week of Measure H, a $1 billion affordable housing program.
5 billion real estate advisory firm, Primo says he will look to add more corporate accounts to the pension funds and institutional investors he already serves.
Since 2003, our research shows that pension funds invested $1.
We have been in the first or second quartile" of investment performance by Canadian pension funds, said Ms.