is an expert on pension scheme
, life expectancy andprobabilities for insurance purposes (the likelihood of things happening). An
works outwhether enough money is being paid into a pension scheme to pay the pensions when they aredue.
varies with the price of the
which is being transferred.
Additional voluntary contribution
occupational pension schemes
can pay in extra money to increase their
. The extra money they pay in is an
additional voluntary contribution
This happens when someone is left something in a
, but the item no longer exists so cannot be
If a court appoints someone to look after a company's affairs the court issues an
. This order gives the person appointed power to run the company.
This is someone who:has been appointed to manage the affairs of a
has been appointed to manage the estate of someone who has died without leaving a
Advance corporation tax
Until 1999 this tax was paid by companies on the
they paid. The
paid could usually be offset against the
due on the company's profits.
This stands for annual equivalent rate. It is quoted by financial institutions, such as banks, to showhow much the interest rate would be if the interest was worked out just once a year. It is intended tomake it easier for people to judge how much interest they pay (or receive) when it is being workedout more than once a year. It is also intended to make it easier to compare different financialproducts.
is a written statement which is sworn to be true by the person signing it. It is swornbefore someone authorised by the court.
Plain English Campaign: The A to Z of financial terms3