The working population, knows very well that their energy to work is limited. To guard themselves against the eventuality, employers and employees save for old age where they contribute periodically. Such funds are available for a long time i.e. until retirement.

REQUIRED;

i) Explain the importance of Pension fund schemes.(5 Marks)

ii) Explain how pension fund managers ensure the growth of the pensioners' funds.(5 Marks)

Answer rating: 100% (QA)

Answer i Importance of Pension Fund Schemes 1 Retirement Income Security Pension fund schemes provide a reliable source of income for individuals duri... View the full answer