01: Introduction

Unit trusts and OEICs are often referred to as ‘funds’ (in America and many other parts of the world, they are called mutual funds). Funds are some of the most widely used ways of investing in order to achieve a good spread of investments for even relatively small portfolios, as well as access to professional fund management.

You can also invest in life assurance based investments, which are very similar to these types of collectives in many respects – although they differ in their tax treatment.Last Updated