Acronyms
Jump to
Acronym |
Definition |
|---|---|
ABI |
Association of British Insurers |
BRV |
Bonus Reserve Valuation |
DAA |
“Dear Appointed Actuary” |
DTBP |
Differential Terminal Bonus Policy |
DTI |
Department of Trade and Industry |
EMAG |
Equitable Members Action Group |
FSA |
Financial Services Authority |
FTSE |
Financial Times Stock Exchange |
GAD |
Government Actuary’s Department |
GAO |
Guaranteed Annuity Option |
GAR |
Guaranteed Annuity Rate |
GN1 |
Guidance Note 1 |
GN8 |
Guidance Note 8 |
GPBR |
Gross Premium Bonus Reserve |
HMT |
Her Majesty’s Treasury |
IFA |
Independent Financial Adviser |
IRECO |
Irish European Reinsurance Company |
LAUTRO |
Life Assurance and Unit Trust Regulatory Organisation (UK) |
MVA |
Market Value Adjustment/Adjuster |
NPV |
Net Premium Valuation |
OFT |
Office of Fair Trading |
PPA |
Policyholders Protection Act 1975 |
PPB |
Policyholders Protection Board |
PRE |
Policyholders’ Reasonable Expectations |
RPI |
Retail Prices Index |
RCA |
Reinsurance Claims Amount |
RCE |
Reinsurance Claims Event |
RMM |
Required Minimum Margin |
RSP |
Recurrent Single Premium |
SIB |
Securities and Investments Board |
|
Service Level Agreement |
TB |
Terminal Bonus |
