Peter Harrison, chief executive of MPC, a fund manager, says that American pension funds have analysed their liabilities.

基金经理，MPC的首席主管Peter Harrison说道美国的养老金基金已经研究了他们的债务。

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The us bank already has a domestic fund business in Japan, where it focuses on the country's pension schemes.

这家美国投资银行已经在日本开展了本土基金业务，将重点放在日本的养老金计划上。

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That the pension holder might retire into a world that is increasingly unliveable because of the actions of his fund manager features nowhere in any bonus calculation.

而养老金持有者有可能在一个渐渐变得无法生存的世界退休，因为他的基金经理根本没有计算红利。

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And if the creditor is a pension fund, the debt capital never gets taxes.

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TIAA-CREF, a pension fund for American academics, is also run on a co-op basis.

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Others build up a pension fund which can be used to buy an annuity.

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