New documentation for unit trust investors is part of a push by regulators to provide information and protection similar to that provided to buyers of life insurance and pension plans. They have also established a cooling-off period, during which the purchase of a unit trust can be cancelled without charge. This applies only when advice has been received, typically from an independent financial advisor. Purchases made directly, for example in response to advertising, are not covered.
Question: The cooling-off period does not apply to sales of pensions.
Options:
A. true, B. false, C. uncertain
Answer: C