G
- A fixed-interest bond or security
issued by the British Government.
- An arrangement made for
employees of a particular employer to participate in a personal
pension scheme on a group basis.
H
- A strategy designed to offset investment risk.
I
- A professional financial
expert who must by law give impartial
"best advice" on financial companies, markets and products.
IFAs are completely independent and can recommend the products
of any company.
- Investment Management Regulatory Organisation, the
body that regulates the management of unit trusts.
- Facility by which you can draw an income
from your pension fund while keeping the rest fully invested until
the age of 75 at the latest.
- Tax payable if you have income above the minimum
level taxable in the UK.
- The means of measuring movement of statistics over
a period of time used as a benchmark by unit trust managers.
- Payments protected against the effects of
inflation by increasing in line with the changes in the index of
retail prices.
- The amount in percentage terms by which prices
rise or fall year on year.
- Tax payable after you
die on the value of your assets in excess of a certain threshold
value (£312,000
at April 2008) although gifts between husband and wife are exempt.
It is also chargeable in certain circumstances while you are still
alive.
- A charge levied by your investment manager
to cover administration and sales commission when you invest in
a fund.
- A mortgage product where you make
a monthly interest payment and rely on the a savings plan or other
monies to pay off the capital at the end of the mortgage term.
- A company, quoted on the Stock Exchange
which invests in other companies' shares.
- Tax-efficient savings
plans which can hold cash, shares or life assurance, or a combination
of all three elements, which were introduced in 1999 to replace
TESSAs and PEPs.
J
- Joint life plans cover two (or more) people,
usually a husband and wife. Benefits can be paid following the
first death, or following the death of both.
K
- This provides cover, in the short term,
against the loss of profits a company is likely to suffer following
the death of a key employee.
L
- A debt, or amount of money, owed to others.
- A company whose shares are quoted on a
recognised stock
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