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Common pension abbreviations

ARTICLE — 7 Jan 2015

Nigel Oakley

Nigel Oakley

Head of Technical Services

Below are some of the most commonly used abbreviations in pensions. You can also download a more comprehensive list using the link on the right.

AVCs - Additional Voluntary Contributions
CARE - Career Average Revalued Earnings Scheme
DB - Defined Benefit
DC - Defined Contribution
ETV - Enhanced Transfer Value
FRC - Financial Reporting Council
FCA - Financial Conduct Authority
GMP - Guaranteed Minimum Pension
HMRC - Her Majesty’s Revenue and Customs
LTA - Lifetime Allowance
NRA - Normal Retirement Age
PPF - Pension Protection Fund
S2P - State Second Pension
SPA - State Pension Age
tPR/TPR - The Pensions Regulator

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