61.   It may, on the other hand, create difficulties with the many tax-exempt pension funds which dominate the share registers of most companies quoted on the stock exchange.

62.   Moreover, where a pension fund is in surplus it may be able to absorb the impact of this change in dividend credits.

63.   Employers have justified this argument by pointing out that they are also responsible for making good any shortfall if the pension fund cannot meet its liabilities.

64.   A rebel Tory amendment tightening the rules governing the B R pension fund was passed by twenty nine votes.

65.   What would be your proposals for controlling pension funds?

66.   Pension funds, in particular, are interested in buying investment trusts that have a wide discount to net asset value in order to build up their portfolios.

67.   Pension funds can be conveniently divided into state schemes and private schemes.

68.   Pension funds can further diversify their portfolios by investing in a spread of these units across different managed funds.

69.   The size of the pension fund is a major determinant of the extent to which managed funds are used.

70.   Pension funds are massive institutions and rival insurance companies in terms of size.