R01 - Glossary Check...

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Glossary Check...

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Acceptance letter

Actuary

Annuity

Authorised person

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Person who calculates life assurance premiums based on life expectation and investment returns.

An offer of life assurance that sets out the terms.

A person (or body) which carries on investment business having been granted authorisation to do so by the FCA or PRA.

Payment of regular amounts to an individual in exchange for a lump sum investment.


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