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Value Shifting - term used to describe occasions where value is moved from a pension fund to a member OTHER than by taking benefits.

Venture Capital - money available for high risk projects (typically companies who are not

yet floated on any stock market). Not for the novice investor.

Vesting (options) - converting options into shares (and, often, then selling them). Also

applies to other pensions and investment contracts such as when the benefits are taken from a personal pension.