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Jargon Buster



Results for letter: O


OCCUPATIONAL PENSION SCHEME

A legal contract set up by an employer to provide pensions and/or other benefits for one or more employees on retirement, death or leaving pensionable service.

OEIC (OPEN ENDED INVESTMENT COMPANY)

A managed fund which holds a portfolio of investments which you can buy into. OEICs issue shares instead of units, and normally quote a single price for buying and selling.

OFFER PRICE

The price at which you buy units from a unit trust manager.

OFFSHORE FUNDS

Funds based outside the UK for tax purposes.

OMO (OPEN MARKET OPTION)

Your right at retirement to buy an annuity from a provider other than the one which administered your pension fund while you were working.

OPTION

In relation to a pension, the choice of how to take your fund [e.g. lump sum and pension, or pension only] and who to buy an annuity from. This can be from a provider other than the one which administered your pension fund while you were working. In relation to investment, a contract giving the right to buy or sell commodities, currencies or shares at a fixed date in the future at a fixed price.

OFFSHORE INVESTMENT

Any investment housed in a country other than the investor's country of residence.

OBSR (OLD BROAD STREET RESEARCH)

Fund analysis experts that use an investment research approach that has been in place since 1994. The emphasis is on looking forwards, not backwards; and for this reason they place a great deal of importance on the qualitative aspects of research such as understanding investment processes and meeting the management teams. Their conclusions are nonetheless also informed by detailed analysis of quantitative data such as historic returns. This means that they are aware of past results rather than driven by them and use this statistical information to validate qualitative research.

ONSHORE INVESTMENT BOND

An onshore portfolio bond tax efficient wrapper is also known as ‘open ended investment company’ (OEIC). It can hold a variety of assets like stocks and shares or mutual funds. This is a bond that adds the legal and tax shield of a life insurance policy to an investment portfolio. It is structured to simply combine a life insurance policy and a portfolio to create a wrapper that investors can buy, manage and sell their assets through. Some are private to an individual and thus a good comparison to Offshore Portfolio Bonds.

OFFSHORE INVESTMENT BOND

An offshore portfolio bond is a tax efficient wrapper that can hold a variety of assets like stocks and shares or mutual funds. This is a bond that adds the legal and tax shield of a life insurance policy to an investment portfolio. It is structured to simply combine a life insurance policy and a portfolio to create a wrapper that investors can buy, manage and sell their assets through.

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