Abbreviations


This is a list of abbreviations commonly used on our website. You can search the abbreviations by selecting the first letter on the A-Z below.


A | B | C | D | E | F | G | H | I | J | K | L | M | N | O | P | Q | R | S | T | U | V | W | X | Y | Z

  • AA:
  • Annual Allowance
  • ABC:
  • Asset Backed Contribution
  • ABF:
  • Asset Backed Funding
  • ABI:
  • Association of British Insurers
  • AE:
  • Automatic Enrolment
  • AMNT:
  • Association of Member Nominated Trustees
  • APPT:
  • Association of Professional Pension Trustees
  • ASB:
  • Accounting Standards Board
  • ATS:
  • Automatic Transfer Scheme
  • AVCs:
  • Additional Voluntary Contributions
  • BEIS:
  • Department for Business, Energy and Industrial Strategy
  • BIS:
  • Department for Business, Innovation & Skills (formerly BIS)
  • BSP:
  • Basic State Pension
  • CARE:
  • Career Average Revalued Earnings
  • CCPs:
  • Central Counter Parties
  • CDC:
  • Collective Defined Contribution
  • CDI:
  • Cashflow Driven Investment
  • CETV:
  • Cash equivalent transfer value
  • CII:
  • Chartered Insurance Institute
  • CJEU:
  • Court of Justice of the European Union
  • CMU:
  • Capital Markets Union
  • CN:
  • Contribution Notice
  • COSRs:
  • Contracted-out Salary-Related schemes
  • CPAC:
  • Consumer Prices Advisory Committee
  • CPI:
  • Consumer Prices Index
  • D&B:
  • Dun & Bradstreet
  • DA:
  • Defined Ambition
  • DB:
  • Defined Benefit
  • DC:
  • Defined Contribution
  • DDCMS:
  • Department for Digital, Culture, Media & Sport
  • DExEU:
  • Department for Exiting the European Union
  • DPA:
  • Data Protection Act 1998
  • DWP:
  • Department for Work and Pensions
  • EAC:
  • Environmental Audit Committee
  • EAT:
  • Employment Appeals Tribunal
  • EBA:
  • European Banking Authority
  • ECE:
  • Employment-Cessation Event
  • ECHR:
  • European Convention on Human Rights
  • ECJ:
  • European Court of Justice
  • EEA:
  • European Economic Area
  • EIOPA:
  • European Insurance and Occupational Pensions Authority
  • EMIR:
  • European Market Infrastructure Regulations
  • EOI:
  • Expressions of Interest
  • ESG:
  • Environmental, social and corporate governance
  • ESMA:
  • European Securities and Markets Authority
  • ET:
  • Employment Tribunal
  • Equal Treatment Directive:
  • Council Directive 2000/78/EC establishing a general framework for equal treatment in employment and occupation
  • FA04:
  • Finance Act 2004
  • FAS:
  • Financial Assistance Scheme
  • FATCA:
  • The US Foreign Account Tax Compliance Act
  • FCA:
  • Financial Conduct Authority
  • FOS:
  • Financial Ombudsman Service
  • FP12:
  • Fixed Protection 2012
  • FP14:
  • Fixed Protection 2014
  • FP16:
  • Fixed Protection 2016
  • FRC:
  • Financial Reporting Council
  • FRS:
  • Financial Reporting Standard
  • FSB:
  • Financial Stability Board
  • FSCS:
  • Financial Services Compensation Scheme
  • FSD:
  • Financial Support Direction
  • FSMA:
  • Financial Services and Markets Act 2000
  • FTT:
  • Financial Transaction Tax
  • FURBS:
  • Funded unregistered retirement benefits scheme
  • GAAP:
  • Generally Accepted Accounting Principles
  • GAD:
  • Government Actuary's Department
  • GAR:
  • Guaranteed Annuity Rate
  • GDPR:
  • General Data Protection Regulation
  • GMP:
  • Guaranteed Minimum Pension
  • Gender Directive:
  • Council Directive 2004/113/EC which implements the principle of equal treatment between men and women in the access to and supply of goods and services
  • HBS:
  • Holistic Balance Sheet
  • HMRC:
  • HM Revenue & Customs
  • HMT:
  • HM Treasury
  • IA:
  • Investment Association
  • IASB:
  • International Accounting Standard Board
  • ICAEW:
  • Institute of Chartered Accountants in England and Wales
  • ICB:
  • Independent Commission on Banking
  • ICO:
  • Information Commissioner’s Office
  • IDRP:
  • Internal Dispute Resolution Procedure
  • IFA:
  • Independent Financial Adviser
  • IFRS:
  • International Financial Reporting Standard
  • IFoA:
  • Institute and Faculty of Actuaries
  • IGC:
  • Independent Governance Committee
  • IORP:
  • Institutions for Occupational Retirement Provision
  • IP14:
  • Individual Protection 2014
  • IP16:
  • Individual Protection 2016
  • IRM:
  • Integrated Risk Management
  • IRS:
  • The US Internal Revenue Service
  • ISDA:
  • The International Swaps and Derivatives Association
  • Insolvency Directive:
  • Council Directive 2008/94/EC on the protection of employees in the event of the insolvency of their employer
  • LDI:
  • Liability Driven Investment
  • LEL:
  • Lower Earnings Limit
  • LET:
  • Lower Earnings Threshold
  • LGPS:
  • Local Government Pension Scheme
  • LISA:
  • Lifetime ISA
  • LLP:
  • Limited Liability Partnership
  • LTA:
  • Lifetime Allowance
  • MAS:
  • Money Advice Service
  • MHCLG:
  • Ministry of Housing, Communities and Local Government (formerly DCLG)
  • MiFID:
  • Markets in Financial Instruments Directive (Directive 2004/39/EC)
  • NAPF:
  • National Association of Pension Funds
  • NEST:
  • National Employment Savings Trust
  • NI:
  • National Insurance
  • NICs:
  • National Insurance Contributions
  • NMPA:
  • Normal Minimum Pension Age
  • NPA:
  • Normal Pension Age
  • NRD:
  • Normal Retirement Date
  • OBR:
  • Office for Budget Responsibility
  • OFT:
  • Office of Fair Trading
  • OMO:
  • Open Market Option
  • ONS:
  • Office for National Statistics
  • OTCs:
  • Over The Counter derivatives
  • PA04:
  • Pensions Act 2004
  • PA95:
  • Pensions Act 1995
  • PAA:
  • Pensions Advice Allowance
  • PASA:
  • Pensions Administration Standards Association
  • PCLS:
  • Pension commencement lump sum
  • PMI:
  • Pensions Management Institute
  • PPF:
  • Pension Protection Fund
  • PPFO:
  • Pension Protection Fund Ombudsman
  • PRA:
  • The Prudential Regulation Authority
  • PRI:
  • Principles for Responsible Investment
  • PRIIPS:
  • Packaged Retail and Insurance-based Investment Products
  • PSC:
  • Persons with Significant Control
  • PTM:
  • Pensions Tax Manual
  • QROPS:
  • Qualifying recognised overseas pension scheme
  • RAAs:
  • Regulated Apportionment Arrangements
  • RFB:
  • Ring-Fenced Bank
  • ROI:
  • Republic of Ireland
  • ROPS:
  • Recognised Overseas Pension Scheme
  • RPI:
  • Retail Prices Index
  • RPSM:
  • Registered Pension Schemes Manual
  • S2P:
  • State Second Pension
  • SERPS:
  • State Earnings Related Pension
  • SIP:
  • Statement of Investment Principles
  • SIPP:
  • Self Invested Personal Pension
  • SME:
  • Small and Medium-sized Entities
  • SMPIs:
  • Statutory Money Purchase Illustrations
  • SPA:
  • State Pension Age
  • SSAP:
  • Statement of Standard Accounting Practice
  • TKU:
  • Trustee Knowledge and Understanding
  • TPA14:
  • Taxation of Pensions Act 2014
  • TPAS:
  • The Pensions Advisory Service
  • TPO:
  • The Pensions Ombudsman
  • TPR:
  • The Pensions Regulator
  • TSS:
  • Test Scheme Standard
  • TUC:
  • Trade Union Congress
  • TUPE:
  • The Transfer of Undertakings (Protection of Employment) Regulations 2006
  • UCITS:
  • Undertakings for collective investment in transferable securities
  • UEL:
  • Upper Earnings Limit
  • UFPLS:
  • Uncrystallised funds pension lump sum
  • UK:
  • United Kingdom
  • UURBS:
  • Unfunded unregistered retirement benefits scheme
  • VAT:
  • Value Added Tax
  • VaR:
  • Value at Risk
  • WPC:
  • Work and Pensions Select Committee