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Article: A question of trust: investment trust pensions may be seen as a niche area of retirement planning, but they can play a big role in helping you save for your future. Pauline McCallion considers your options.(Investment trust pensions)
- Article from:
- What Investment
- Article date:
- December 1, 2006
- Author:
CopyrightCOPYRIGHT 2006 Vitesse Media. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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"Saving for a rainy day" is a well-worn phrase but undoubtedly a sensible path to take, especially when considering your retirement planning. There are numerous pension plans available; it is simply a matter of finding the one that works for you--although, given the range of pension products currently being marketed, this is often easier said than done.
An investment trust itself acts as an umbrella, stretching over a range of investments in various companies. So an investment trust pension is an additional umbrella on top of the trust or trusts in which you are invested, holding the funds until you reach retirement age.
"Investment trust pensions are ...