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What do you mean by pension funds?
Pension funds:
Pension funds give retirement income (as the form of annuities) to workers covered through a pension plan. They get contributions by employers or employees and invest such amounts in corporate stocks and bonds. Two types of pension funds are there as private pension funds and public pension funds. The US government has encouraged the establishment of pension funds, and the expectation is of more developments into pension funds into terms of number and variety of options.
a. Talk about the role of banking in business. b. Set out the precise role played by Investment Banking and the challenges of corporate governance.
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What are the misconceptions about Financial Management?
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