Friday, 16 November 2012
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The practice of levying higher annual charges on contributions made at the beginning of a contract than are charged on contributionspaid later on in the life of the contract. These higher annual charges on early contributions are maintained throughout the life of the contract.
Financial Services & Markets Act (FSMA)
This act, passed in 2000, sets out the framework under which the Financial Services Authority (the FSA) operates.
Financial Times Stock Exchange indices. (FTSE indicies)
Various indices, published by the Financial Times, showing the movement of share prices of the companies which are included in any particular index.
The FTSE100 index shows the movement in share prices of the top one hundred companies (by capital value) listed on the London Stock Exchange.
Other FTSE indices include the FTSE all-share index (which includes all the shares listed on the London Stock Exchange). There is also a range of FTSE indices for UK Gilts.
The FTSE100 index shows the movement in share prices of the top one hundred companies (by capital value) listed on the London Stock Exchange.
Other FTSE indices include the FTSE all-share index (which includes all the shares listed on the London Stock Exchange). There is also a range of FTSE indices for UK Gilts.
fully insured scheme (FIS)
Where the benefits to which each member is entitled under the scheme rules are secured exclusively by an insurance company taken out by the trustees.
fund manager
An individual (or company) to whom the trustees delegate the management ofall or part of the scheme's assets.
funding level
The relationship (normally expressed as a percentage) between the actuarial value of a scheme's assets and liabilities at a specified date (usually the valuation date).
list of Banks found in Canada
The banking industry includes 24 domestic banks, 25 foreign bank subsidiaries, 24 full-service foreign bank branches and five foreign bank lending branches operating in Canada. In total,these institutions manage close to $3.6 trillion in assets Bank of Montreal - The bank provides corporate, institutional, and investment banking services in selected marketsacross the continent, with a strong presence in personaland commercial banking inthe U.S. Midwest and all regions of Canada. Have a look to HQ - Bank of Montreal Virtual Head Office for Small Businesses.
*. Business Development Bank of Canada - Canadian non-depositary bank exclusively serving small and medium-size enterprise: financial services, business consulting services, and venture capital.
*. La Caisse Desjardins - International financial institution with more than 5million members.
*. Canada Trust - Canada Trust is a Canadian Financial Institution with$37 billion in deposits and$168 billion in assets underadministration.
*. Canadian Imperial Bank of Commerce - CIBC is one of the Canadian top six banks.
*. Citibank Canada - Issuer of VISA Cards all over Canada.
*. Citizens Bank of Canada - Avirtual bank with a full range of consumer bankingservices.
*. Citizens Trust - A provider of high competitive GICs, RRSPs, foreign exchange and mortgage lending services.
*. The Credit Union Central ofCanada - Offering community-based financial services, an alternative to banks and trust companies.
*. ING Direct Canada - ING DIRECT is the operating name of ING Bank of Canada, a member of ING Group. With worldwide banking and insurance assets exceeding $800 billion, ING Group is one ofthe largest financial servicescompanies in the world. Our offices and operations are located in Toronto and Vancouver, and are run with a distinctively Canadian flavour by Canadians. Internet banking with international support and presence.
*. HSBC Holdings plc
*. Hong Kong Bank of Canada - Hongkong Bank of Canada and its subsidiaries offers Global Financial services - RRSPs, RRIFs, mutual funds, GICs, term deposits, discount trading, asset management, retirement and investment planning.
*. KS Bank of Toronto - A privately owned bank based in Toronto Canada, providing loans and deposits to small businessesand people in general!
*. Laurentian Bank of Canada
*. National Bank of Canada - An active social and economic force for the past 140 years, the National Bank of Canada is today thesixth largest chartered bank in Canada with assets of $69 billion. The NationalBank's head offices are located in Montreal and its Canadian network boasts 655 branches. In all, more than 17,300 employees are responsible for the traditionof excellence that has cometo characterize National Bank of Canada.
*. - Off Shore Financial Services (Canadian company) - Tax Heaven & Asset Protection. Bahamas, Belize, British Virgin Islands, Cayman Island, Seychelles, Turks & Caicos Islands.
*. Pace Credit Union
*. Royal Bank of Canada - TheRoyal Bank Group is amongNorth America's largest providers of integrated financial services with morethan 9.5 million personal and business clients. The bank ranks first among all financial institutions in Canada in stock market capitalization and total assets, and first or second in almost every type of financial service provided in the Canadian market, except insurance. The services are provided through one of the largest banking networks in the world.
*. Scotiabank - One of the largest banks in Canada. Also has links to ScotiaMcLeod, the bank's brokerage subsidiary. This site provides information onthe bank's products and services.
*. Toronto Dominion Bank - Canada's Premier Financial Institution on the Internet. This award winning websitefeatures extensive, up to the minute content on banking and securities.
*. Vancouver City Savings Credit Union - Located in Vancouver, British Columbia Canada, Vancity ist the largest single Credit Union in Canada with over 300,000 members.
*. Business Development Bank of Canada - Canadian non-depositary bank exclusively serving small and medium-size enterprise: financial services, business consulting services, and venture capital.
*. La Caisse Desjardins - International financial institution with more than 5million members.
*. Canada Trust - Canada Trust is a Canadian Financial Institution with$37 billion in deposits and$168 billion in assets underadministration.
*. Canadian Imperial Bank of Commerce - CIBC is one of the Canadian top six banks.
*. Citibank Canada - Issuer of VISA Cards all over Canada.
*. Citizens Bank of Canada - Avirtual bank with a full range of consumer bankingservices.
*. Citizens Trust - A provider of high competitive GICs, RRSPs, foreign exchange and mortgage lending services.
*. The Credit Union Central ofCanada - Offering community-based financial services, an alternative to banks and trust companies.
*. ING Direct Canada - ING DIRECT is the operating name of ING Bank of Canada, a member of ING Group. With worldwide banking and insurance assets exceeding $800 billion, ING Group is one ofthe largest financial servicescompanies in the world. Our offices and operations are located in Toronto and Vancouver, and are run with a distinctively Canadian flavour by Canadians. Internet banking with international support and presence.
*. HSBC Holdings plc
*. Hong Kong Bank of Canada - Hongkong Bank of Canada and its subsidiaries offers Global Financial services - RRSPs, RRIFs, mutual funds, GICs, term deposits, discount trading, asset management, retirement and investment planning.
*. KS Bank of Toronto - A privately owned bank based in Toronto Canada, providing loans and deposits to small businessesand people in general!
*. Laurentian Bank of Canada
*. National Bank of Canada - An active social and economic force for the past 140 years, the National Bank of Canada is today thesixth largest chartered bank in Canada with assets of $69 billion. The NationalBank's head offices are located in Montreal and its Canadian network boasts 655 branches. In all, more than 17,300 employees are responsible for the traditionof excellence that has cometo characterize National Bank of Canada.
*. - Off Shore Financial Services (Canadian company) - Tax Heaven & Asset Protection. Bahamas, Belize, British Virgin Islands, Cayman Island, Seychelles, Turks & Caicos Islands.
*. Pace Credit Union
*. Royal Bank of Canada - TheRoyal Bank Group is amongNorth America's largest providers of integrated financial services with morethan 9.5 million personal and business clients. The bank ranks first among all financial institutions in Canada in stock market capitalization and total assets, and first or second in almost every type of financial service provided in the Canadian market, except insurance. The services are provided through one of the largest banking networks in the world.
*. Scotiabank - One of the largest banks in Canada. Also has links to ScotiaMcLeod, the bank's brokerage subsidiary. This site provides information onthe bank's products and services.
*. Toronto Dominion Bank - Canada's Premier Financial Institution on the Internet. This award winning websitefeatures extensive, up to the minute content on banking and securities.
*. Vancouver City Savings Credit Union - Located in Vancouver, British Columbia Canada, Vancity ist the largest single Credit Union in Canada with over 300,000 members.
Nike is selling its Cole Haan brand to private Apax Partners for $570 million,
Nike (NKE) is selling its Cole Haanbrand to private equity firm Apax Partners for $570 million, part of its effort to focus on core brands.
The sneakers, clothing and sports gear maker said in May that it wanted to sell theleather shoe and bag division and its Umbro soccerjersey brand to cut costs.
Nike is focusing on its namesake brand, Jordan, Converse and Hurley.
The Cole Haan deal completes the Beaverton, Ore., company's sale plan. Last month it announced thatclothing licensing company Iconix Brand Group Inc. would buy Umbro for $225 million.
The sneakers, clothing and sports gear maker said in May that it wanted to sell theleather shoe and bag division and its Umbro soccerjersey brand to cut costs.
Nike is focusing on its namesake brand, Jordan, Converse and Hurley.
The Cole Haan deal completes the Beaverton, Ore., company's sale plan. Last month it announced thatclothing licensing company Iconix Brand Group Inc. would buy Umbro for $225 million.
contingent assets
The storing and safekeeping of securities (scheme assets) together with maintenance ofaccurate records of ownership and the management of those securities, eg the collection of dividends and other activities where required, such as stock lending.
contracted in
Commonly used to describe a scheme which is not contracted out of the State Second Pension (S2P, previously SERPS) – ie wherethe members continue to be entitled to S2P.
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