Below are some of the most commonly used abbreviations in pensions. You can also download a more comprehensive list using the link on the right.
AVCs - Additional Voluntary Contributions
CARE - Career Average Revalued Earnings Scheme
DB - Defined Benefit
DC - Defined Contribution
ETV - Enhanced Transfer Value
FRC - Financial Reporting Council
FCA - Financial Conduct Authority
GMP - Guaranteed Minimum Pension
HMRC - Her Majesty’s Revenue and Customs
LTA - Lifetime Allowance
NRA - Normal Retirement Age
PPF - Pension Protection Fund
S2P - State Second Pension
SPA - State Pension Age
tPR/TPR - The Pensions Regulator