Inadequate resources that limit achievable goals.

Persons and firms who arrange investments (and other products) on behalf of others, such as financial advisers and brokers.

Describes an amount of pension where the value is not linked to a person's earnings.

Pension scheme where an investment fund is built up from which to pay pensions and other benefits as they fall due.

Total liabilities divided by total assets (usually expressed as a percentage).

Gilts raise money for the UK government by offering a secure investment, usually over a fixed period, with a fixed rate of interest. Gilts can be bought and sold on the London Stock Exchange. At the end of the term, the holder is repaid the original purchase price.

Name given to two government schemes to help with home purchase. The first provides a government loan to top up the deposit when buying a new-build home. Under the second, the government acts as a guarantor where a lender offers a 95% LTV loan to buyers of new-build and existing homes.

Rules of thumb used to guide one in the direction of probable solutions to a problem.

HMRC is the department responsible for the business of the former Inland Revenue and HM Customs and Excise. It collects the bulk of tax revenue as well as paying tax credits and Child Benefit.

HMRC is the department responsible for the business of the former Inland Revenue and HM Customs and Excise. It collects the bulk of tax revenue as well as paying tax credits and Child Benefit.