Most searched terms

BASIC STATE PENSION

The sum paid to all pensions with sufficient National Insurance contributions. This pension is being replaced in April 2016 (see Single-tier pension).

BROKERAGE

The business of acting as a broker (A broker is a person who buys and sells goods or assets for others.)

BROKER

A person who buys and sells goods or assets for others.

BCE (BENEFIT CRYSTALLISATION EVENT)

There are eleven different types of Benefit Crystallisation Event (BCE) that measure pension funds against the Standard Lifetime Allowance (SLA) following certain events. The ones we come across most in retirement are: · BCE 6 – Taking pensions commencement lump sum (PCLS) · BCEs 1, 2 & 4 – Crystallising funds to provide income via … Continued

BONUS

An extra payment that may be added to the funds accumulated in a with profits pension, endowment or investment policy. The amount of bonus depends on the profits the insurance/investment company makes in any one year, or over a period of years. Bonuses are normally either ‘reversionary’ for the annual bonus or ‘terminal’ for the … Continued

BRIDGING LOAN

A short-term, high interest loan used in house purchase to bridge the gap between the date on which you have to pay for your new home and the date you receive money from the sale of your old home.

BUY TO LET MORTGAGE

A mortgage for people who buy property and intend to let it out. The Financial Conduct Authority does not regulate some forms of buy to lets.

BENCHMARK

A comparative measure used to determine the relative performance of a market sector or fund. A benchmark is often a target against which investment performance is measured.

BACS (BANKERS AUTOMATED CLEARING SYSTEM)

A method of transferring funds from one bank account to another.

BUSINESS PROTECTION

Business protection insurance is a way of helping to protect against possible financial losses in the event of the death or critical illness of a business owner or key individual during the length of the policy.

BASE RATE

The interest rate set by the Bank of England which other banks use to set their rates. When the base rate changes, lenders usually follow by adjusting their Standard Variable Rate.

BID PRICE

The price at which you sell units in a unit trust back to the investment manager.

BID-OFFER SPREAD

The difference between the prices at which you buy and sell back units in a unit trust.

CAPITAL GAINS TAX

The tax payable on profits made on the sale of assets or property other than your home.

BOND

A form of investment offered by an institution such as a building society, insurance/investment company or the government. Its purpose is to raise capital; the sum borrowed is repaid with interest at maturity. Bonds can be bought and sold on the stock market.

Get in touch

If you have any questions, please fill out the form below and we will respond to you as soon as possible.

© 2018 Arrow Financial Services. All rights reserved. Handcrafted by Pixeltree