π© Fun & Fortunes: Understanding Funded Pension Schemes π
So, Whatβs a Funded Pension Scheme Anyway?
Imagine a party where investors and securities are the guests, and your retirement is the bash theyβre throwing. A funded pension scheme is just thatβa grand soirΓ©e funded by investments in securities. The golden tickets are profits; these get paid out to the retirees as pensions. π Sounds fun, huh? Let’s dive deeper and make sense of this financial fiesta!
#InvestLife: Where the Magic Happens
In a funded pension scheme, money is pooled into a grand chest (letβs call it our