Financial Jargon Buster Dictionary
This glossary is provided for information only and is not regulated by the Financial Services Authority.
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
Pension Annuity
An insurance policy that pays out an income during retirement. The Annuity is bought with savings made before retirement e.g, from a Personal Pension or Occupational Pension Scheme. This can also be known as a Compulsory Purchase Annuity.
|