In depth: Jargon buster.

Pensions Week, June, 2009

Investment management agreement

The legal document between the trustees and investment manager that details how the assets within a specific portfolio, for example UK equities or corporate bonds, will be managed. This typically covers aspects such as the investment guidelines and restrictions, outlining what the investment manager can and cannot invest in.

Indemnity clause

A clause in a legal agreement between two parties, where one party agrees to accept the potential liability arising from a possible future event. Indemnity clauses are often written into company sale agreements to protect the purchaser.

IAS 19

The international pensions accounting standard. It determines how companies should report pension scheme...

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