Jargon Buster

  • Pensions Review

    a review to assess financial loss for those people wrongly sold personal pensions between 29 April 1988 and 30 June 1994. Mis-selling occurred when people who would have been financially better off at retirement in their employer's pension scheme were advised to leave or not to join their employer's pension scheme, or where they transferred pension benefits from a previous employer's scheme and took out a personal pension plan instead.

  • PI

    Professional Indemnity (insurance)

  • PPP

    Personal Pension Plan

  • Provisional liquidation

    the start of the process whereby the affairs of a firm are wound up so that its assets are realised and distributed to discharge its liabilities.