These would extend the key features of the stakeholder pension no initial commission on saving and a cap on charges of 1% of the fund to other savings products such as unit trusts and with-profits policies.

ECONOMIST: Saving

In Britain, such funds, locally known as unit trusts, have become a booming industry, thanks to a deep stockmarket and a modest social-security system.

ECONOMIST: A survey of fund management

Savers are deserting banks for more rewarding places to park their money, such as in mutual funds (unit trusts, in Britain) and insurance policies.

ECONOMIST: It��s got to fit somehow

Instead, they have decided to focus on profitable products, such as savings accounts, cards, unit trusts, mortgages and insurance.

ECONOMIST: Supermarket banking

Unregulated by the US Securities and Exchange Commission (SEC), the UK Financial Conduct Authority (FCA) or other relevant regulators, hedge funds are not subject to the limitations and restrictions imposed on their public fund brethren, such as retail mutual funds in the United States or authorised unit trusts in the United Kingdom.

FORBES: The Simple Truth about Hedge Funds