General Investment Account (GIA)
A flexible investment account that allows individuals to invest in a variety of assets. It is not tax-advantaged like ISAs or pensions.
A high-grade bond issued by the UK government. It is considered a low-risk investment.
UK government bonds that pay a fixed interest rate. They are considered safe investments.
Global Intermediary Identification Number (GIIN)
A unique identifier assigned to financial institutions and intermediaries under the Foreign Account Tax Compliance Act. It is used for reporting purposes.
Bonds issued by the UK government to raise money. They pay a fixed interest rate and are considered low-risk investments.
Gross Redemption Yield (GRY)
The total return on a bond if it is held until maturity. It includes both interest payments and any capital gain or loss.
Guaranteed Annuity Rate (GAR)
A fixed rate at which a pension can be converted into an annuity. It provides a guaranteed income for life.
Guaranteed Minimum Pension (GMP)
The minimum pension that must be provided by a company pension scheme. It is a requirement for certain types of pensions.
Guaranteed premiums are fixed insurance premiums that remain unchanged throughout the policy term, regardless of changes in the policyholder's health or claims history. This provides financial predictability and stability for the policyholder.