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pension independent of employer a pension taken out by somebody with a private sector insurance company or bank. A personal pension usually takes the form of a program in which money is paid regularly to a pension provider, who invests it in a pension fund. On retirement, a lump sum is available for the purchase of an annuity that provides weekly or monthly payments.
at Lehman Brothers) was a tremendous interest from pension funds in tracking cap-weighted benchmarks. By 2007 there had been a long-running bull market and cap-weighted benchmarks were very heavy bets on the sectors that had outperformed through the bull market years. Then came the crash and the benchmarks
By Yves Choueifaty
Definitions of ’personal pension’ and meaning of ’personal pension’ are from the book publication, QFINANCE – The Ultimate Resource, © 2009 Bloomsbury Information Ltd. Find definitions for ’personal pension’ and other financial terms with our online QFINANCE Financial Dictionary.
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