The Moneywise Financial Glossary
A defined benefit pension scheme is one where the payout is based on contributions made and the length of service of the employee. A...
Financial securities that generate a fixed amount of income that does not vary over the life of the investment. They are generically...
This refers to the terms of your mortgage and not the interest rate you pay. Flexible mortgages offer the borrower the ability to adjust...
Flotation involves a company selling a percentage of itself in the form of shares on a regulated exchange, such as the London Stock...
Posh-sounding word for the FOReign EXchange market – the global market for trading currencies. The primary purpose of Forex is to assist...
Similar to additional voluntary contributions (AVC), but independent (hence “free standing”) of any employer and sits alongside (and...
Permanent and absolute ownership and tenure of a property (residential or commercial) and/or land with freedom to dispose of it at will but...
The Financial Services Authority is an independent non-governmental body, given a wide range of rule-making, investigatory and enforcement...
The Financial Services Compensation Scheme is the compensation fund of last resort for customers of authorised financial services firms. If...
A market-weighted index of the 100 biggest companies by market capitalisation listed on the London Stock Exchange. It is often referred to...
Originally known as the FTSE Actuaries All Share Index, the FTSE All-Share Index is a stock market index that aims to capture 98% of the...
An individual employed by an institution to manage an investment fund (unit trust, investment trust, pension fund or hedge fund) to meet...
A type of derivative often lumped together with options, but slightly different. The original derivative was a future used by farmers to...
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