Examples of Institutional fund in a sentence
Institutional fund sales take place primarily through the segments’ dedicated sales force.
Institutional fund" means a fund held by an institution exclusively for charitable purposes.
Contribution from long term businessLife and pensionsUK International UK managed pension funds* Total 2004200320042003 * Included in the Institutional fund management result of £103m (2003: £82m).** The largest impact on the UK life and pensions business in 2004 was from the strengthening of assumptions for annuitant longevity which were announced on 2 July 2004, and in 2003 was from the tightening of future persistency assumptions and strengthening the provisions for claims on the endowment book.
The ESOT sponsor has also been amended from Legal & General Group Plc to Legal & General Resources Ltd, the principle employer.Shareholders’ investment return for Institutional fund management business, which was previously recorded within Actual investment return on other funds has been analysed separately as a longer term rate of return and as a variation from longer term investment return.
The results of Retail investments and Institutional fund management have been combined to create a new segment called Investment management.