Know Your Customer (KYC)

A legal requirement for financial firms to understand exactly who their customers are. Used to prevent money laundering and terrorist financing.

A legal requirement for financial firms to understand exactly who their customers are. Used to prevent money laundering and terrorist financing.

More terms

Zero-Sum Game

A situation in which one person's gain is another's loss.

Time-Weighted Rate of Return (TWRR)

A return calculated over the time period invested, that excludes extraneous elements, such as deposits to and withdrawals from the investment accounted.

Rate of Return

Profit on an investment, expressed as a percentage of the investment.

SPAC

Find our what a SPAc or special purpose acquisition company is.

Retail Prices Index (RPI)

An index published each month by the Office for National Statistics, which measures the level of retail prices in the UK. Cash flows on all index-linked gilts are linked to the RPI.

OEIC

Unique to the UK, these funds pool together money to invest from multiple investors.

Venture Capital Trust (VCT)

A listed company run by a fund manager, investing mainly in private companies.e.

Fixed Income

An investment that provides a fixed rate of return, often over a specific set of time.

Volatility

A measure of how much the prices of an asset or index vary over time.

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Accounts include

General investment account
Stocks and shares ISA
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Commission-free investing in 6,500+ UK, US, and European stocks, ETFs, and more
FX fee of 0.99% on non-GBP trades
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Accounts include

General investment account
Stocks and shares ISA

Benefits include

Commission-free investing in 6,500+ UK, US, and European stocks, ETFs, and more
FX fee of 0.59% on non-GBP trades
3% AER on up to £2k uninvested cash
Mutual funds
New

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billed monthly

Accounts include

General investment account
Stocks and shares ISA
Personal pension (SIPP)

Benefits include

Commission-free investing in 6,500+ UK, US, and European stocks, ETFs, and more
FX fee of 0.39% on non-GBP trades
5% AER on up to £3k uninvested cash
Mutual funds
New

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