Funds for those near retirement

Friday 02 July 1993 23:02 BST

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NATIONAL Mutual Life has launched five pension funds designed for people who are nearing retirement. The funds invest in a mixture of equities and fixed-interest securities, such as gilts. Each of the funds has a different maturity date, starting in 1994. The proportion of lower-risk fixed-interest investments will be increased as the fund nears its maturity date.

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Funds for those near retirement

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