Private pension funds are administered by Select one: a. Securities firms b. Mutual funds and insurance companies c. Private equity firms d. Investment banks e. Hedge funds
Private pension plans are retirement plans which are managed by mutual fund managers along with insurance companies. These are superannuation plans managed privately which offer tax benefits.
So the correct option would be (B) Mutual fund and Investment Companies.
Rest of the options are not true as security firm mostly manages issues to institutional clients, while Hedge funds focuses with hedging of assets. Investment banker doesn't operate in pension plans and private equity majorly deals with making private investments so these options are irrelevant.
Hence, correct option is option (B) Mutual funds and insurance companies.
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