Actuarial Glossary :: "The Mother of All Actuarial Glossaries"

Abbreviations (F)

ABI

Association of British Insurers

AIDS

Acquired immune deficiency syndrome

ARC

AIDS related condition

AVC

Additional voluntary contribution

BLAGAB

Basic life assurance and general annuity business

CPA

Compulsory purchase annuity

DSF

Direct sales force

DSS

Department of Social Security

DTI

Department of Trade and Industry

FIMBRA

A SRO (see also PIA)

FSA

Financial Services Act

FSAVC

Free-standing AVC

GGB

Guaranteed growth bond

GIB

Guaranteed income bond

HIV

Human immuno-deficiency virus

IB

Industrial business

ICA82

Insurance Companies Act 1982

ICR81

Insurance Companies Regulations 1981 (now superseded)

ICR94

Insurance Companies Regulations 1994

IFA

Independent financial adviser

IRR

Internal rate of return

LAUTRO

Life assurance and unit trust regulatory organisation (an SRO, see also PIA)

MCA

Maximum commissions agreement. (Now defunct).