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Present value factor |
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Present value factorFactor used to calculate an estimate of the present value of an amount to be received in a future period. If the opportunity cost of funds is 10% over next year, the factor is [1/(1 + 0.10)].Present value factor Similar MatchesAIMR Performance Presentation Standards Implementation CommitteeAIMR Performance Presentation Standards Implementation CommitteeThe Association for Investment Management and Research (AIMR) Performance Presentation Standards Implementation Committee is charged with the responsibility to interpret, revise, and update the AIMR Performance Presentation Standards (AIMR-PPS(TM) for portfolio performance presentations. Company representative (tied agent)Company representative (tied agent)A financial services sales rep, authorised to give financial advice on life assurance, pensions and unit trusts, but only allowed to recommend products from his/her employer. Unlike, IFAs, therefore, tied agents cannot be assumed to give impartial advice.Under the Financial Services Act 1986 all financial advisers must tell prospective clients whether they are tied agents or independent, so that the client knows what kind of advice he is getting.Tied agents are regulated by the Financial Services Authority (FSA). Net present valueNet present valueSame as present value, being sure to include (negative) payments as well as (positive) receipts. Present valuePresent valueThe amount of cash today that is equivalent in value to a payment, or to a stream of payments, to be received in the future. To determine the present value, each future cash flow is multiplied by a present value factor. For example, if the opportunity cost of funds is 10%, the present value of $100 to be received in one year is $100 x [1/(1 + 0.10)] = $91. Appointed representativeAppointed representativeSalesperson, company or organisation that advises on the investment products specific to one life assurance or investment company. Further SuggestionsNet adjusted present valuenet present value Present State Registered representative Net present value rule Net present value (NPV) Present Value Index (PVI) Registered Representative Proportional representation Adjusted present value (APV) Net present value of growth opportunities Present value of growth opportunities Present value |
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