A
- Association of British
Insurers, trade body through which insurance companies can air
views on matters of common concern.
- The rate at which your pension benefits build
up as pensionable service is completed in a Final Salary Scheme.
- Someone qualified to consider financial issues,
particularly ones involving probabilities such as life expectancy.
- 6 April 2006, the date on which many of the restrictions
on pension saving were swept away
- The interest paid from current,
deposit or savings accounts.
- Association of Independent Financial Advisers, industry
trade body for financial advisers who are not tied agents.
- Association of Investment Trust Companies, the industry
trade body of investment trust companies.
- Person who studies a particular market or industry
sector and makes recommendations to investors about investing in
companies' shares.
- A measure used
to assess the risk of a portfolio.
- This is the contract you purchase from an insurance
company using a lump sum of money (e.g. the proceeds of your pension
fund) to guarantee you an annual income for a period of time (e.g.
for ten years).
- The percentage you are charged
over a year on the outstanding balance when you borrow money or
make a purchase on credit.
- Anything of value can be referred to as an asset,
such as your home, jewellery or antiques. Within investments, assets
are another word for investments in a unit trust portfolio.
- The Association of Unit Trusts and Investment Funds,
the industry trade body of unit trust and investment trust management
companies.
- Extra payments
you can make in addition to your main occupational pension scheme
contributions to boost your retirement benefits. AVCs can be paid
either to your employer's scheme or to a separate arrangement.
See also FSAVCs.
B
- The interest set by the Bank of England on
which other banks base their rates.
- The income tax paid on taxable income
above a certain figure, currently 20%.
- The single person's flat rate State
pension paid when you reach state pension age (60 for women, 65
for men, although set to increase to 65 for women by 2020) if you
have paid sufficient National Insurance contributions during your
working life.
- The difference between the prices at
which you buy units and sell them back.
- The price at which you sell units in a unit
trust back to the investment manager.
- A form of investment offered by an institution such
as a building society, insurance/investment company or the government
with the purpose of raising capital, in which the lump sum is repaid
with interest at maturity. Bonds can be bought and sold on the
stock market.
- An extra payment that with-profits policyholders
may have added to their contract depending on the profits the company
makes in any one year, or over a period of years
|
