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gofifty50.com is a trading style of gofifty50 financial ltd. gofifty50 financial ltd is an appointed representative of Turnberry Wealth Management Ltd.

gofifty50.com is a trading style of goFIFTY50 Financial Ltd. goFIFTY50 Financial Ltd is an appointed representative of Turnberry Wealth Management Ltd.
FSA registration number 435264
VAT no. 870 2953 14

goFIFTY50 Financial Limited is registered in Scotland, Company Number SC373455


Glossary


Acknowledgement Message
This lets you know goFIFTY50 have received your details, application or request for more information.

Actuary
This is a professional who assesses and evaluates the risks involved when you decide to take out a long-term investment such as life assurance. They are usually responsible for setting your premium rates and contribution levels based on the risks incurred.

Arbitrage
This is the method adopted by stocks and shares brokers to exploit the price differences between similar assets.

Base rate
Whenever you take out a loan or investment, the interest rate is usually expressed in terms of a certain percentage over the base rate. Basically, the base rate is the lowest level at which financial institutions will lend you money. Generally, the higher the risk, the higher the rate will be above the base rate. For example, for a secured loan, such as your mortgage, the rate will be lower than on an unsecured loan.

Bear market
This is when the market prices fall and investments perform less well than anticipated.

Benchmark
This is a target, such as the FTSE index or the average performance of similar investments, against which you can monitor the performance of your own investments.

Beneficiary
Someone who is set to benefit financially from a bequest, will, gift, trust, insurance policy or pension.

Bid Price
The amount, which market makers, are prepared to pay for shares. It is also used to describe the price at which investors in collective schemes such as unit trusts, pensions or assurance funds will sell.

Blue chip
This is a term used to describe a company, which consistently performs well. Such companies are typically listed in the FTSE100. The term is derived from the highest value gambling chip in a casino.

Bond
Bonds may also be referred to as loan stock. They are a form of debt security issued by companies as an alternative way of raising money rather than borrowing from a bank or money market. They generally have a fixed life and are repaid either in a set number of years or at maturity.

Bull market
This is when prices on the stocks and shares market consistently rise over the medium term.

Capital gain
This is the increase in value of an investment or asset above the price originally paid. It is net of any expenses you may incur in acquiring the investment but ignores any income you may have received. In the UK, a certain amount of your capital gain is exempt from tax. The rate of tax you must pay is the marginal income tax rate.

CAT Standards
These are set by the government to protect you, the investor, and regulate Charges, Access and Terms of financial products and services. They ensure that there are no One-off or regular charges and allow you to withdraw funds quickly - a withdrawal should require no more than seven days notice and the minimum amount which you can deposit or withdraw should be no more than £10.
These standards also ensure that the interest rate you receive is no lower than 2% below the base rate and should the base rate rise, the interest rate you receive should follow within one month.

Commission
This is the amount, which you pay an independent financial advisor when you take out a policy. There are two types of commission. The first, known as initial commission, is a lump sum which is paid to your independent financial advisor when you take out a policy. It can amount to as much as 3% of your policy’s value. The second, known as renewal commission, is a recurrent amount which is paid (often as much as monthly) to your independent financial advisor. This can amount to as much as 3% of the value of your investment. When you make goFIFTY50 your independent financial advisor, we give you half of your commission back. Do remember though that goFIFTY50 does not offer clients advice on their existing policies now or in the future.

Concentration
This refers to the number of different shareholdings that you have in your portfolio. The fewer shareholdings you have, the more concentrated your portfolio.

Cookies
This is a text file that is sent to your browser or hard disc and records your preferences for a website. It allows you to access your favourite websites, such as goFIFTY50, more easily.

Download
The transfer of files over the Internet onto your PC. goFIFTY50’s anti viral software protects your computer from any viruses when you choose to download from our site.

Encryption
To ensure that no-one other than the intended recipient can read information sent over the internet, encryption scrambles the data into code. Whenever you send details to goFIFTY50 it is always automatically encrypted to protect your privacy.

Equities
These are ordinary shares in a company listed on the stock exchange.

Equity Capital
This is the capital provided by ordinary shareholders who collectively own companies. If you are a shareholder your receive dividends when appropriate. When the share prices rise or fall, the shareholder’s capital value will rise or fall.

Exposure
This refers to the level at which you have invested in a particular area. For example, if £1,000 of your £10,000 portfolio is invested overseas, your portfolio has a 10% overseas exposure.

Field
These are the areas on an electronically submitted form where you enter your details.

FTSE
Financial Times Stock Exchange All Shares Index (FTSE All Share)
This index, established in 1983, gives you the up-to-the-minute share price movements of the 100 top companies listed on the stock exchange.

Firewall
This protects your PC by blocking and filtering unsolicited Internet connections and secures you against hackers. goFIFTY50 has installed an advanced firewall system so that no one else can gain access to your details.

IFA
The abbreviated term for an independent financial advisor. Not all IFAs are the same. Whilst most will charge you an extortionate initial and renewal commission, goFIFTY50’s IFAs will share with you 50% of any commissions they receive.

ISA
This is an Individual Savings Account on which you pay no income tax or capital gains tax. It allows you to invest in different types of investment, such as unit trusts, investment trusts, life assurance and cash subject to the amounts invested. In April 1999, ISAs replaced PEPs and have no minimum or maximum period for which investments must be held.

ISP
The abbreviated term for an Internet Service Provider - they connect you, via a telephone line to the Internet.

Mandate
When you mandate your policy, you simply provide your policy provider with written notification that you wish to change your independent financial advisor. Your policy stays the same. All you are changing is your servicing agent.  By mandating your policy to goFIFTY50 you keep the same policy but simply change your independent financial advisor to goFIFTY50 thereby benefiting from receipt of 50% of the commission.

Market Price
The amount for which a dealer will buy or sell shares.

Maxi ISA
An individual savings account, which comprises three different elements - cash, stocks and shares and life assurance.

Mini ISA
An individual savings account, which comprises three different elements - cash, stocks and shares and life assurance.

Net Asset Value
This is the value of a company’s investments less their debt. It is a key measure, which can be used to determine the share price of asset-based companies, like investment trusts or property companies.

OEIC
An abbreviated term for an Open Ended Investment Company. As an investor, your money is pooled together with other investors’, to buy a range of financial products such as equities, bonds and cash. By reducing the concentration of your portfolio, risk is also reduced. The funds are ’open ended’, meaning there is no limit to the size of the fund. OEIC differ from unit trusts and investment trusts, as they do not have a buy and share price but a single, mid price.

Ordinary Shares
As an ordinary shareholder, you are entitled to the company’s earnings and assets once all prior charges and claims have been met. There are two types of shareholders - voting shareholders and non-voting shareholders.

Personal Equity Plan
These were introduced in 1987 to promote saving and investment in the UK. It also allows you to invest a limited amount each year without having to pay income tax or capital gains tax. There is no minimum or maximum period for which these investments must be held. As they were replaced by ISAs in 1999, your existing PEPs remain in force and will now be called an ISA.

PLC
This refers to a public limited company - a company that is listed on the stock market. They are legally required to make certain corporate information available to you.

Redemption
This is when your mortgage has been paid off in full.

Retail Price Index
An index that allows you to monitor inflation, the RPI is a measure of the cost of living based on a ’shopping basket’ of goods which the average family might buy.

Secure Message
This is a secure e-mail that can only be read by the addressee. goFIFTY50s secure message service means only we can read the information you send us. Likewise, the e-mails we send you are protected from hackers.

Secure Web Page
You can tell you are on a secure web page, such as goFIFTY50, when there is a closed padlock or key icon at the bottom of your browser. It prevents any sensitive or confidential information from being disclosed to anyone other than the intended recipient.

Shareholder
The owner of shares in a PLC who has the right to vote on important company matters.

Share Price
The middle price of companies, quoted on the stock market.

SSL (Secure Socket Layer)
This is a transaction security standard, developed by Netscape Communications to enable commercial transactions to take place over the otherwise insecure Internet. It’s one of a few competing security standards.

Tax Avoidance
A way of legally minimising the amount of tax which you must pay.

Terms and conditions
In any agreement, the terms and conditions explain your rights and responsibilities. goFIFTY50 has a web page dedicated to Terms and Conditions, but should you require any further information, you can talk to one of our advisors.

Tessa maturity
This is a form of tax-free investment, however you cannot invest it in a goFIFTY50 Mini Cash ISA.

Unit Trust
When you invest in a unit trust, your money is pooled together with other investors’ and used to buy a portfolio of cash, bonds or shares. By spreading your investment, you are reducing your risk of exposure. A unit trust is divided into units, the value of which represents a precise proportion of the fund’s total value. A unit trust is open ended, so there is no limit to the size of the fund or the additional monies, which can be added to it.