Should you trust in a unit trust?

Unit trusts. It’s one of those things people say on the radio or write about in the business press. To many of us it’s a pretty meaningless word, something from that jargon-ridden world of banking, finance and investment - not for ordinary people.

But is this true? While many investors are wealthy, one does not have to be rich to invest. Investing and retirement planning are for anybody with an income. In fact, saving is as critical as paying off your car, rent or bond every month and the alternative most people would rather not contemplate: ending up a financial burden to your family or turning to the state for help in your old age or if you get sick.

So it really is worth becoming familiar with unit trusts. The very reason they exist is to make it easy for anyone to invest in any part of the economy they choose to and to allow professional managers to work on the detail.