Which of the following represents a pool of managed funds that provide retirement income for members?
A) Insurance companies
B) Finance companies
C) Securities investment dealers
D) Nondeposit institutions
E) Pension funds

Question

Quizplus · Accepted Answer

Pension funds are specifically designed to provide retirement income for members. It is a pool of managed funds where contributions are made during a member's working life and then utilized to provide retirement income. Insurance companies, finance companies, securities investment dealers, and nondeposit institutions may offer retirement-focused products, but they do not necessarily provide a pool of managed funds that are solely dedicated for the purpose of retirement income for members.

Which of the Following Represents a Pool of Managed Funds