Practical Law Dictionary. Glossary of UK, US and international legal terms. www.practicallaw.com. 2010.
Pension Benefit Guaranty Corporation — (United States) Agency overview Formed September 2, 1974 … Wikipedia
Personal pension scheme — A Personal Pension Scheme (PPS), sometimes called a Personal Pension Plan (PPP), is a UK tax privileged individual investment vehicle, with the primary purpose of building a capital sum to provide retirement benefits, although it may also be used … Wikipedia
Stakeholder pension scheme — Stakeholder pension schemes were introduced in the UK in 2001 to encourage more long term saving for retirement, particularly among those on low to moderate earnings. They are required to meet a number of conditions set out in legislation,… … Wikipedia
Annuity (European financial arrangements) — An annuity can be defined as a contract which provides an income stream in return for an initial payment.Immediate annuityAn immediate annuity is an annuity for which the income stream begins at a time after the initial payment which is less than … Wikipedia
Limited Price Indexation — or LPI is a pricing index used in the calculation of increases in certain components of scheme pension payments in the UK. The LPI is the Retail Prices Index (RPI) capped at 5%. Since the introduction of the LPI, the RPI has never reached 5%, so… … Wikipedia
Mortality drag — is a term used, in reference to lifetime annuities, to describe a negative impact that is experienced when an annuity purchase is delayed on a fund from which regular withdrawals are being taken by an individual. It is the increasing risk of… … Wikipedia
uncrystallised funds lump sum death benefit — Introduced by the Finance Act 2004, a registered pension scheme that is a money purchase scheme may pay an uncrystallised funds lump sum death benefit on a member s death. The member must have died before reaching age 75. The uncrystallised funds … Law dictionary
income withdrawal — Members of money purchase schemes that are under age 75 may draw an annual income from their unsecured pension while leaving the remainder invested. If they have reached age 75, the members may continue the arrangement as an alternatively secured … Law dictionary
Bankruptcy in the United States — The United States Constitution (Article 1, Section 8, Clause 4) authorizes Congress to enact uniform Laws on the subject of Bankruptcies throughout the United States. Congress has exercised this authority several times since 1801, most recently… … Wikipedia
Nackawic — Town Nackawic … Wikipedia
