London Life - Jargon Buster

Use our Jargon Buster to cut through the complicated language financial services companies sometimes use, and find out what it really means. The list is in alphabetical order so you can scroll down to look up words and their meanings:

Endowment Assurance (with-profits)
An endowment policy is a savings product which usually includes life cover. It pays you at least a fixed amount if you die before the policy matures or the sum assured plus any bonuses that may have been added over the term, at maturity.
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Enhanced Annuity
Some companies offer better annuity rates and higher than normal levels of income to people who have made certain lifestyle choices (e.g. Smoking), followed certain occupations, or who have had certain medical conditions.
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Equities
This is a general name for company stocks and shares.
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Equity Backing Ratio (EBR) of a with-profit fund
Describes the variable proportion of the investment fund that is invested in equities and property.
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Equity Release
This is a method of releasing some of the value of your property to spend while you are alive. It is generally most suitable for elderly people who are income poor but asset rich.
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Escalation
Regular increase to pensions income by a fixed percentage or an increase linked to an index or to a measure of inflation.
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