This is a layman’s guide to some common terms used by the pensions industry. This guide has been written for you, the ordinary person, to give you a fighting chance of understanding the terms used by your pension company. Words which have their own definition in the guide are highlighted as a link. Just click on them to go to the definition. Please do not get disheartened by the size of the guide. Only certain parts will apply to most of you, so look at your pension policy or other pension documents to see which words you feel need some further explanation

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