Pensions and other financial products play a crucial role in retirement planning and wealth management. Understanding the terminology associated with these products is essential for making informed decisions about saving, investing, and preparing for the future.
Let’s complete the sentences by choosing the best word:
1. A person who gives you information about financial products is a __________.
a. financial adviser
b. financial helper
c. financial assistant
2. Some financial advisers only earn money by giving advice. Others earn ________ from selling financial products.
a. wages
b. payments
c. commission
3. An actuary is a person who __________ insurance risk and calculates premiums.
a. thinks about
b. assesses
c. decides
4. When an endowment __________, you receive a lump sum.
a. finishes
b. ends
c. matures
5. Prices go up every year. This is because of __________.
a. inflation
b. expansion
c. evolution
6. Some pension payments increase every year __________ inflation.
a. in time with
b. in line with
c. at the speed of
7. Pension payments which increase in line with inflation are __________.
a. index connected
b. index linked
c. index controlled
8. Many financial analysts predict a __________ caused by too many pensioners and not enough workers.
a. pensions crisis
b. pensions disaster
c. pensions emergency
9. A small additional pension is known as a __________.
a. topper pension
b. topping pension
c. top-up pension
10. Banks and insurance companies are types of __________.
a. financial institution
b. finance company
c. financier
11. Pension funds are usually administered by a __________ of trustees.
a. group
b. bunch
c. board
12. Pension funds, insurance companies and other financial institutions that invest on the stock market are known as __________.
a. commercial investors
b. institutional investors
c. company investors
13. Individual people who invest on the stock market are known as __________.
a. private investors
b. personal investors
c. one-man investors
14. In most countries, financial products and services are __________ by the government.
a. watched
b. decided
c. regulated
Correct Answers:
- a
- c
- b
- c
- a
- b
- b
- a
- c
- a
- c
- b
- a
- c
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