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Fundholder

   Also found in: Encyclopedia 0.01 sec.
Fund´hold´er
a.1.One who has money invested in the public funds.


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Each spring shareholders vote on corporate directors, an exercise known as "proxy season" because fund managers vote on behalf of their fundholders.
The rules allow fundholders to take a tax-free cash lump sum worth up to 25 per cent of their total plan value once they have reached the age of 50 (or 55 when the rules change again in April 2010).
The older industrial model of welfare in which different bureaucracies and different fundholders sorted-out problems for separate groups of income support clients, health care clients and housing clients creates as many problems as it solves.
 
 
 
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