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Definitions (204)
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ftse homepage
FTSE 100
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ftse 250
FTSE 350
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tools
News
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opinion
Forums
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a absolute return
A type of fund that aims to produce a positive return over a given period, usually three years. Has the flexibility to invest in a wide variety of assets to achieve this objective. In the other words the fund manager doesn't say 'we invest in shares and beat our rivals but still lost you money'.
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additional rate taxpayers
An employed or self-employed person who is earning over £150,000 in the tax year 2011/12. Additional rate taxpayers pay 50% income tax on earnings over £150,000. There are also subject to higher rate tax at 40% on earnings below £150,000.
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adviser charging
The new way financial advisers will have to charge for their services when commission is banned in 2013. From next year advisers will have to disclose their charges upfront and in a explicit way so you know what you are paying for.
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