Your guide to the global insurance industry.
 

 

Glossary: E

EXPAT PENSIONS:

Expat pensions generally refer to pensions for people who are living or working abroad. Depending on individual circumstances, it may be possible to benefit from tax efficient offshore expat pensions. Contact one of our advisors for more information.

EARLY RETIREMENT:

Stopping work and beginning to draw a pension before normal retirement date. An early retirement pension is usually lower than the pension payable at normal retirement date because it is expected to be paid for longer.

EURO:

The European Union's single currency. Introduced in 1999 and went into general circulation on 1 January 2002 in 12 out of 15 member countries of the EU as part of economic and monetary union. These countries form the Eurozone.

EXECUTION ONLY:

Where a customer has either received no financial advice, or has received financial advice but has decided to ignore it, and wishes to take out a policy on their own instruction.

EXPATRIATE (OR EXPAT):

Someone who lives outside their home country for work or lifestyle purposes.

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