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Definitions (15)
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asset class
An asset class is a similar group of securities or assets that share common characteristics Benchmark
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board
The Board of the National Superannuation Fund. Bond
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cash
Generally taken to mean a very short-term investment earning interest from a highly rated bank. Commodities
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compulsory account
Combination of a Member’s Employer and Employee Contribution Accounts Contract Worker
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derivative
An Arrangement or Product whose value derives from and is dependant on the value of an underlying asset such as a commodity, currency, or security. Derivatives can be used to manage risk, reduce cost, [..]
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early retirement age
Where a Member aged between 55 and 60 ceases employment as a result of ill-health or redundancy. Equities
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fixed interest
A term used to describe investments that generate income in the form of agreed interest payments over an agreed period of time. Growth Assets
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group life insurance policy
Means the current insurance policy arranged by the Trustee. Ill Health
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index
A measure of performance of a collection of assets typically across a sector, country, region or style (e.g. Dow Jones, MSCI) Investment Direction
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investment ranges
The minimum and maximum allocations a Trust can give to a given asset class. Legal Personal Representative
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