What is a fund? It's a way for you to save for the future and make your money work harder. You put your savings in, and (hopefully) watch them grow. Sometimes people call it an "investment vehicle". It looks complicated. But really, it's not.
How funds work
When we talk about investments and pensions we talk about them growing over time. But how does that work? And why can they offer more growth than a regular savings account? The answer is funds.
Warning: Past performance is not a reliable guide to future performance.
Warning: Benefits may be affected by changes in currency exchange rates.
Warning: The value of your investment may go down as well as up.
Warning: If you invest in these products you may lose some or all of the money you invest.