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ABI

Association of British Insurers

ACA

Association of Consulting Actuaries

ACAS

Advisory Conciliation and Arbitration Service

ACORN

Acronym for A Classification of Residential Neighbourhoods

ACT

Advance Corporation Tax

ADL

Activities of Daily Living

AEI

Average Earnings Index

AFS

Association of Friendly Societies

AGM

Annual General Meeting

AIM

Alternative Investment Market

ARP

Accrued Rights Premium

AITC

Association of Investment Trust Companies

AMI

Association of Mortgage Intermediaries

AUTIF

Association of Unit Trusts and Investment Funds

AVC

Additional Voluntary Contribution

BACS

Bankers Automated Clearing Services

BBA

British Bankers Association

BES

Business Expansion Scheme

BIIBA

British Insurance and Investment Brokers Association

CEP

Contributions Equivalent Premium

CBI

Confederation of British Industry

CGT

Capital Gains Tax

CII

Chartered Insurance Institute

COMPS

Contracted Out Money Purchase Scheme

CPA

Compulsory Purchase Annuity

CPI

Consumer Price Index

CTT

Capital Transfer Tax

DSS

Department of Social Security

DTI

Department of Trade and Industry

ECU

European Currency Unit

EIS

Enterprise Investment Scheme

EMS

European Monetary System

EMU

European Monetary Union

EPP

Executive Pension Plan

ERM

Exchange Rate Mechanism

ESC

Extra Statutory Concession

ESOP

Employee Share Option Plan

FIB

Family Income Benefit

FIMBRA

Financial Intermediaries, Managers, Brokers Regulatory Association

FOF

Futures and Options Fund

FOX

Futures and Options Exchange

FSAVC

Free Standing AVC

FSO

Financial Services Ombudsman

FURBS

Funded Unapproved Retirement Benefit Scheme

GDP

Gross Domestic Product

GNP

Gross National Product

GMP

Guaranteed Minimum Pension

IAE

Index of Average Earnings

ICS

Investors Compensation Scheme

ICS Levy

Investors Compensation Scheme Levy

IFA

Independent Financial Adviser

IFAA

Independent Financial Advisers Association

IFAP

IFA Promotions

IHT

Inheritance Tax

IMRO

Investment Managers Regulatory Organisation

ISA

Individual Savings Account

LAPR

Life Assurance Premium Relief

LAUTRO

Life Assurance and Unit Trust Regulatory Organisation

LEL

Lower Earnings Limit

LIA

Life Insurance Association

LIFFE

London International Financial Futures Exchange

LRP

Limited Revaluation Premium

MAR

Medical Attendant's Report

MER

Medical Examiner's Report

MIP

Maximum Investment Plan

MIRAS

Mortgage Interest Relief at Source

MWPA

Married Woman's Property Act (1882)

NFIFA

National Federation of Independent Financial Advisers

NHS

National Health Service

NIC

National Insurance Contributions

NPD

Normal Pension Date

NRA

Normal Retirement Age

NRD

Normal Retirement Date

NRE

Net Relevant Earnings

OEIC

Open Ended Investment Company

OFT

Office of Fair Trading

OPAS

Occupational Pensions Advisory Service

OPB

Occupational Pensions Board

PAYE

Pay As You Earn

PAYG

Pay As You Go

PEP

Personal Equity Plan

PET

Potentially Exempt Transfer

PHI

Permanent Health Insurance

PIA

Personal Investment Authority

PIBS

Permanent Interest Bearing Shares

PMI

Private Medical Insurance

PMI

Pensions Management Institute

PPI

Pooled Pension Investment

PPP

Personal Pension Plan

PPPRP

Personal Pension Protected Rights Premium

PPS

Personal Pension Scheme

PRP

Pensioner's Rights Premium

PSO

Pension Schemes Office

RAC

Retirement Annuity Contract

RIE

Recognised Investment Exchange

ROC

Return on Capital

RPB

Recognised Professional Body

RPI

Retail Prices Index

SAPP

Self Administered Personal Pension

SAYE

Save As You Earn

SEAQ

Stock Exchange Automated Quotation System

SERPS

State Earnings Related Pension Scheme

SFA

Securities and Futures Authority

SFO

Superannuation Funds Office

SIB

Securities and Investment Board

SIPP

Self Invested Personal Pension

SMP

Statutory Maternity Pay

SOFA

Society of Financial Advisers

SRA

State Retirement Age

SRO

Self Regulatory Organisation

SSAPS

Small Self Administered Pension Scheme

SSAS

Small Self Administered Scheme

SSP

Statutory Sick Pay

TESSA

Tax Exempt Special Savings Account

TVAS

Transfer Value Analysis System

UCITS

Undertaking for Collective Investment in Transferrable Securities

UEL

Upper Earnings Limit

USM

Unlisted Securities Market

VAT

Value Added Tax

VCT

Venture Capital Trust