2007-01-20 10:51:13 · 7 answers · asked by ? 3 in Business & Finance ➔ Investing
D'oh too late
2007-01-20 11:04:49 · answer #1 · answered by Troubled Joe(the ghost of) 6 · 0⤊ 0⤋
You put your money in a pension fund - either a personal scheme or a company scheme - and the pot of money is invested in the stock market (UK, worldwide etc) by investment managers. The people who are responsible for the scheme's pot of money are the pension scheme trustees - they have a legal duty to invest it wisely and not recklessly to maximise the returns for when they have to pay out, when each member retires. To do this they delegate the day to day responsibility of investing the money on stock markets to Investment managers - these are institutions in the city = like man group, schroders, merill lynch, legal & general, etc - they can be fired by the trustees if their performance does not come up to scratch. Generally, if a scheme is for example full of people in their fifties, the trustees would ask the investmetn manager to make sure they invest the money in less risky investments - such as gilts and bonds - the younger a scheme is - the more risks you can take, and the more you can invest in equities ie shares and alternative investments such as hedge funds, property, etc.
2007-01-20 18:58:57 · answer #2 · answered by Miss Behavin 5 · 0⤊ 0⤋
Usually a board elected by the people who are part of the pension program.
2007-01-20 20:31:21 · answer #3 · answered by Nelson_DeVon 7 · 0⤊ 0⤋
pension fund managers
2007-01-20 18:54:00 · answer #4 · answered by Anonymous · 1⤊ 1⤋
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2007-01-20 20:57:10 · answer #5 · answered by myswisscash s 1 · 1⤊ 2⤋
dont know
2007-01-21 14:04:49 · answer #6 · answered by BD M 2 · 0⤊ 0⤋