The Pensions Guide


Pensions Knowledgebase and Glossary

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Unallocated assets These are pension scheme assets which have not yet been used to provide pension benefits.
Unit trusts A trust which people can invest in by buying units. The trust uses investors' money to buy investments. The fund manager values the fund's assets from time to time and puts a new price on the fund's units.
Unit trusts are sometimes called collective investment schemes.

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