IFA Jargon Buster

The world of finance can be confusing. If you're unsure of some technical terms, explore our handy jargon buster to see the definition.

An investment contract which invests in a variety of different stocks and shares. It is divided into units which are issued to its members instead of shares as with an Open Ended Investment Company or OEIC.

An insurance policy where the benefits depend on the performance of units in a fund invested in shares, bonds and property.