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PENThe ISO 4217 currency code for the Peruvian Nuevo Sol.PEN Similar MatchesPension fundPension fundA fund set up by a company, union, government entity, or other organisation to invest the pension contributions of members and employees, and pay out pensions to those people when they reach retirement age.Pension funds accumulate huge pools of capital which they invest in the stock and bond markets. Because of the weight of money, they exert considerable influence on the markets, and their decisions on which shares to hold in which sectors have a substantial impact on prices.Some pension funds employ their own fund managers; others delegate responsibility to external fund managers. Invariably they will try to achieve a diversified portfolio of investments, some in low risk areas, others in high risk areas. Actuaries determine how much is going to have to be paid out to pension holders in forthcoming years, and the pension fund has to try to achieve a rate of return on its capital that will meet (or better still exceed) this target. Group personal pensionGroup personal pensionAt its simplest, this is a series of individual personal pension plans, although if an employer sets up a group plan it is more likely to make a contribution and possibly provide life assurance and other benefits as well. The GPP is not an occupational pensions scheme so the contribution and benefit limits for individual personal pensions apply. Opening transactionOpening transactionApplies to derivative products. (1)Buy or sell transaction that creates a position out of a flat one (writing an option short or buying an option long). Antithesis of closing transaction. (2) First transaction of the day in a stock. Stakeholder pensionStakeholder pensionOn offer from April 2001, stakeholder pensions aim to provide a low-cost, transparent and flexible way for people to save for their retirement.£3,600, including basic rate tax relief, can be invested in the stakeholder pension each yearBasic rate tax - worth 22% - will be claimed on your behalf by the pension company running the pension. So the maximum you actually pay is £2,808 per year.Money invested in stakeholder pensions will be invested in the stock market. On retirement a quarter of the accumulated capital can be taken out as a tax-free cash sum, and the rest has to be used to buy an annuity which pays the retirement pension.Anyone in a company pension scheme earning less than £30,000 a year next year will be able to pay into a stakeholder pension at the same time as they make contributions to an occupational pension scheme.Employers with five or more employees who do not offer any kind of pension scheme will have to provide access to a stakeholder scheme. Lis PendensLis PendensLegal notice that a lawsuit is pending. Also called a notice of action. Further SuggestionsRedemption penaltiespension credit Personal pension Import propensity Interdependence Fee and commission compensation National Insurance Pension (State Pension) personal pension scheme Open book Inland Revenue Pension Schemes Office Buy on opening Early withdrawal penalty Pennant deferred state pension Are you open? Meals and entertainment expense Wide opening Open end credit Pension liabilities Extended redemption penalty Marginal propensity Pension plan open end fund Open position Inflexible expenses |
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