Set out below are explanations of some of the acronyms most frequently used in pensions jargon. For a fuller explanation of what these items are, visit the Plain English Campaign's A-Z of pension terms at http://www.plainenglish.co.uk/PensionsA-Z.html.
| A-DAY |
6 April 2006 |
| ARP |
Accrued Rights Premium |
| AVC |
Additional Voluntary Contribution |
| CETV |
Cash Equivalent Transfer Value |
| CEP |
Contributions Equivalent Premium |
| CN |
Contribution Notice |
| CPA |
Compulsory Purchase Annuity |
| COEG |
Contracted Out Employment Group |
| COMPS |
Contracted Out Money Purchase Scheme |
| COSRS |
Contracted Out Salary Related Scheme |
| DB |
Defined Benefit |
| DC |
Defined Contribution |
| DWP |
Department for Work and Pensions |
| EPB |
Equivalent Pension Benefit |
| EPP |
Executive Pension Plan |
| FAS |
Financial Assistance Scheme |
| FRS 17 |
Financial Reporting Standard 17 |
| FSA |
Financial Services Authority |
| FSD |
Financial Support Direction |
| FSAVC |
Free Standing Additional Voluntary Contribution |
| FURBS |
Funded Unapproved Retirement Benefits Scheme |
| GPP |
Group Personal Pension |
| GMP |
Guaranteed Minimum Pension |
| IDR |
Internal Dispute Resolution |
| IFA |
Independent Financial Advisor |
| LEL |
Lower Earnings Limit |
| LPI |
Limited Price Indexation |
| MFR |
Minimum Funding Requirement |
| MND |
Member Nominated Director |
| MNT |
Member Nominated Trustee |
| NBV |
Net Book Value |
| NISPI |
National Insurance Services to the Pensions Industry |
| NPA |
Normal Pension Age |
| NPD |
Normal Pension Date |
| NRA |
Normal Retirement Age |
| NRD |
Normal Retirement Date |
| OPRA |
Occupational Pensions Regulatory Authority |
| PAYG |
Pay As You Go |
| PCB |
Pensions Compensation Board |
| PPCC |
Personal Pension Contribution Certificate |
| PPF |
Personal Protection Fund |
| PPS |
Personal Pension Scheme |
| PRs |
Protected Rights |
| PUP |
Paid-up Pension |
| RST |
Reference Scheme Test |
| SERPS |
State Earnings Related Pension Scheme |
| SIPP |
Self Invested Personal Pension |
| SORP |
Statement of Recommended Practice |
| SPA |
State Pension Age |
| SSAS |
Small Self Administered Scheme |
| S2P |
State Second Pension |
| TPAS |
The Occupational Pensions Advisory Service |
| TPR |
The Pensions Regulator |
| TV |
Transfer Value |
| UEL |
Upper Earnings Limit |
| UURBS |
Unfunded Unapproved Retirement Benefits Scheme |
| WGMP |
Widow's/Widower's Guaranteed Minimum Pension |
