Results for letter: F
The Financial Conduct Authority, the main regulatory body for the UK financial services industry.
FSAVCs (FREE STANDING ADDITIONAL VOLUNTARY CONTRIBUTIONS)
Extra payments you can make into an individual pension plan, to run alongside your company pension scheme, to boost your pension fund. The plan is independent of your employer’s main pension scheme.
FINAL SALARY SCHEME
Also known as Defined Benefit Scheme. This is the traditional form of company or occupational pension where your pension at retirement is calculated as a proportion of your salary in the last few years of work, with the proportion depending on how many years you have been in your company scheme.
FIXED RATE MORTGAGE
A mortgage in which the interest rate is fixed for an agreed period [usually from two to ten years] and it is unaffected by changes in the lender’s variable rate. This means that during the specified period, you will know exactly how much your monthly repayments will be. At the end of this period, interest on the mortgage will be charged at the lender’s variable rate. Early repayment charges may apply on these types of arrangements.
A mortgage in which you can vary the amount you pay each month and take breaks from your monthly payments.
FLEXIBLE PENSION PLAN
A pension product which allows you to vary the amount you pay each month and take breaks from your monthly payments.
FTSE 100 (FOOTSIE)
The popular name for the Financial Times Stock Exchange 100, the main UK share index which represents the share prices of the top 100 public limited companies by value.
General term for an investment vehicle which pools the money of investors and invests it according to a defined set of investment objectives.
An investment professional who takes decisions on what to buy and sell on behalf of a fund’s investors.
The underlying economic factors such as industry output, wages, cost of materials and fluctuations in currency which affect a market, country or sector.
A contract to buy or sell a fixed amount of currencies, shares or commodities on a fixed date in the future at a fixed price.
A 'Mutual Fund Wrap' (also called a MUTUAL FUND ADVISORY PROGRAM or a WRAP ACCOUNT) is a program which gives investors access to a large pool of mutual funds for one annual fee (usually between 0.5% and 2%).
FINANCIAL CONDUCT AUTHORITY
A financial regulatory body in the United Kingdom, but operates independently of the United Kingdom government, and is financed by charging fees to members of the financial services industry.
FAMILY INCOME BENEFIT
A life insurance policy that pays an income to dependants on the death of the insured. The income is payable for the remainder of the policy term. These policies are suitable for people with young families who wish to protect against the loss of income provided by either or both parents.
An investment firm or brokerage (A business acting as a BROKER: a person who buys and sells goods or assets for others) that offers investors a wide array of mutual funds from different fund families.