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An employee benefit scheme where your pension, when you retire, is a percentage of your yearly salary (aka Defined Benefit Pension). A great perk but you usually have to wait ‘till 65 to claim it. An added bonus? The longer you work at the company the higher the percentage you’ll get.
A person whose job is to provide professional financial advice to individuals to help them on money issues such as pension planning, mortgages, taxes and investments. Financial Advisor's in the UK are regulated by the Financial Conduct Authority (FCA) and must meet strict qualifications.
A compensation scheme for customers using UK authorised financial services such as UK bank accounts. It protects deposits up to £85,000 per person per firm or bank if the firm or bank become bankrupt (from 30th January 2017).