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Pension funds with legal personality: The pension fund with legal personality is an independent. legal entity created to manage a pension fund and is the same legal entity as the fund itself. Examples of. this type of pension fund construction are foundations or mutual associations. 5.
the financial institutions that collect SAVINGS and other deposits and invest (see INVESTMENT) long-term in company STOCKS and SHARES, government BONDS, property and overseas securities. In Britain, the main investing institutions are the INSURANCE COMPANIES, PENSION FUNDS, INVESTMENT TRUST COMPANIES and UNIT TRUSTS.