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The A to Z of pension abreviations |
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AVC
Additional voluntary contribution
CPA
Compulsory purchase annuity
COEG
Contracted Out Employments Group
COMPS
Contracted out money purchase scheme
COSRS
Contracted out salary-related scheme
DWP
Department for Work and Pensions
EPB
Equivalent pension benefit
EPP
Executive pension plan
FSA
Financial Services Authority
FSAVC
Free-standing additional voluntary contribution
FURBS
Funded unapproved retirement benefits scheme
GPP
Group personal pension
GMP
Guaranteed minimum pension
IDR
Internal dispute resolution
IFA
Independent financial advisor
IMRO
Investment Management Regulatory Authority
LISA
Lifelong individual savings account
LPI
Limited price indexation
MFR
Minimum funding requirement
MND
Member-nominated director
MNT
Member-nominated trustee
MVA
Market value adjustment
NBV
Net book value
NPA
Normal pension age
NPD
Normal pension date
NRA
Normal retirement age
NRD
Normal retirement date
OPAS
Pensions Advisory Service (Previously 'Occupational Pensions Advisory Service')
OPB
Occupational Pensions Board
OPRA
Occupational Pensions Regulatory Authority
PAYG
Pay as you go
PCB
Pensions Compensation Board
PIA
Personal Investment Authority
PPCC
Personal pension contributions certificate
PPI
Pooled pension investment
PPS
Personal pension scheme
PSO
Pension Schemes Office
PTRAS
Pension tax relief at source
SDCS
Simplified defined contribution scheme
SERPS
State earnings related pension scheme
SFO
Superannuation Funds Office
SIB
Securities and Investments Board
SIPP
Self-invested personal pension
SORP
Statement of recommended practice
SRD
Selected retirement date
SSP (or S2P) State second pension
TV
Transfer value
UEL
Upper earnings limit
UURBS
Unfunded unapproved retirement benefits scheme
WGMP
Widows (or widowers) guaranteed minimum pension
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