3 what is the principal function of pension funds

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3. What is the principal function of pension funds ? Explain why these institutions have been among the most rapidly growing financial institutions in recent years. Do you expect their growth to be faster or slower in the future? Why? What is the difference between a defined-benefit and a defined-contribution pension plan?
4. What are the principal assets acquired by pension funds? What factors guide their selection of assets to hold? What problems has the pension industry run into in recent years?
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