Financial Glossary
Key terms explained in plain English, no jargon, no complexity. We appreciate our industry uses a lot of financial ‘jargon’, which can make it difficult to decipher information and correspondence. In order to try to assist with this, we have created a glossary of many of the terms you may come across. If you would like further clarification on any of the definitions, or cannot find a particular term, we would be happy to assist further.
Federal Reserve Board (Fed)
The US central bank.
Fiscal Policy
A government’s spending and taxation policy.
Financial Conduct Authority (FCA)
The FCA is an independent body that regulates the financial services industry in the UK. The FCA has been given a wide range of rule-making, investigatory and enforcement powers in order to meet its four statutory objectives. In meeting these, they are also obliged to have regard to the Principles of Good Regulation.
Fund Manager
A professional responsible for making investment decisions within a collective investment fund in line with the fund's stated objectives and mandate.
Financial Services Compensation scheme
The Financial Services Compensation Scheme (FSCS) is the UK’s statutory compensation scheme for customers of authorised financial services firms. This means that FSCS can pay compensation if a firm is unable, or likely to be unable, to pay claims against it.