Personal finance
Bonds
Loans to governments or companies that pay interest and return the original amount at the end of a set term. Usually less risky than shares, with lower returns. UK government bonds are called gilts.
A plain-English explanation, not financial or tax advice. Rules and rates change, so check your own situation. For free, impartial guidance, try MoneyHelper. Disclaimer.
You'll hear it as
The pension moves into bonds as you get closer to retirement.
Also called Gilts.
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