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:

General Insurance
General Insurance can include home, contents, motor, travel, unemployment, and, accident and sickness cover.
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Gilts
Are bonds or securities issued by the UK Government to raise public funds.
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Guaranteed Annuity Option (GAO)
An option to select an annuity with an income set at a specific rate.
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Guaranteed Annuity Rate (GAR)
Sets a guaranteed minimum amount of yearly income that can be purchased for each Ł1,000 of your pension fund.
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Guaranteed growth bonds
A product that enables the investment of a lump sum for a fixed term (typically 3-5 years) usually with a guaranteed minimum return.
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Guaranteed income bonds
A product that enables the investment of a lump sum for a fixed term (typically 3-5 years) usually with a guaranteed income of a specified amount for the length of the term.
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Guaranteed Investment Bond
A fixed term stock market linked investment with a built-in guarantee to return at least the original investment if held to maturity. Offering investors the chance to share in stock market growth potential without risking their original investment.
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Guaranteed Minimum Pension (GMP)
The minimum amount a member of a contracted-out occupational pension scheme will receive, subject to certain conditions. It broadly replaces the guarantees available under the State Earnings Retirement Scheme (SERP).
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