What are some types of non- depository institutions?

Non-depository institutions include a variety of financial entities that do not accept deposits from the public. Examples include insurance companies, which provide risk management and policy coverage; investment firms, which manage portfoliOS and offer investment products; and mutual funds, which pool money from investors to purchase securities. Other types include pension funds, which manage retirement savings, and finance companies, which offer loans and credit services. These institutions play a crucial role in the financial system by providing alternative funding and investment options.