Glossary of Investment Terms (K)
The following are useful investment terms beginning with ‘K’
Key Features Document
A document that contains key information on a financial product, such as:
1. An explanation of the purpose, commitment and risks involved, as well as answers to some of the most commonly asked questions.
2. Details of what the policy might be worth in future years.
3. Details and explanation of the charges made on the policy.
Key Person Insurance
This is a life assurance policy to cover the death of a business's key employee. It pays out a lump sum that is designed to cover the costs of finding and training a replacement as well as covering any loss of profitability
Share this..
Related stories
The regulator bites back
It has been revealed that a number of the U.K.'s major banking institutions could see a doubling of their regulatory levy with suggestions that some banks could pay between £10 million and £20 million a year to the regulator. This would appear to be the price which the industry is paying for a period of reckless investment and risk taking. However, even before the proposed levy changes have been...
Read MoreHas the standard of living reduced in the UK?
Over the last two years, since the onset of the credit crunch and the recession, there is no doubt that UK consumers and UK businesses have struggled with their finances. We have seen, and continue to see, the cost of living in the UK move higher and higher with concerns about value for money and the future. But has the standard of living in the UK fallen over the last decade? In simple terms w...
Read MoreWhat is the point of saving in the UK?
As more and more money is poured into areas of UK business and the UK population many savers are now asking why they should be forced to live off their own nest eggs rather than increase their benefit payments like many others have been doing over the last few months. Why should this group of the UK population see their nest eggs slowly whittled away while the government seems to be throwing money...
Read MoreShould immigrants be given tax breaks to stay in the UK?
A report by the Institute for Public Policy Research (IPPR) has started a furious debate about immigrants in UK and how they should be treated. The report by the IPPR suggests that well educated, young immigrants should be given tax breaks in UK to encourage them to stay and contribute to the UK economy of the future. However, as you might have guessed this has caused significant concern across th...
Read MoreCIPD suggest up to 500,000 public-sector jobs at risk
The Chartered Institute of Personnel and Development (CIPD) have today issued a nightmare scenario for the UK public sector with a suggestion that 10% of the 5.8 million workforce could see their jobs at risk. This would equate to more than 500,000 job losses in the UK public sector in the short to medium term as any new government would need to reduce the cost of the public sector - reducing the...
Read More