R01 - Glossary Check...

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Glossary Check...

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New State pension

NS&I

Offer price

PRA

Product bias

Retail Prices Index (RPI)

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Where a remuneration system is geared to induce an intermediary to sell a particular contract regardless of its suitability.

A measure of inflation in terms of a sample of commodities which are weighted in significance.

Prudential Regulation Authority. A subsidiary to the Bank of England that has responsibility for prudential regulation of larger firms.

National Savings and Investments – the Government-run savings and investments provider.

Successor to the basic State pension – payable to those retiring on or after 6 April 2016.

The price at which an investor can buy a security or unit in a unit trust.


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