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Regulator - body that makes and enforces rules re financial services business.

Reinsurance - a way of spreading risks across the industry, (it is this that enables even

vast disasters like hurricanes and earthquakes to be covered).

Registered Pension Scheme - an investment scheme registered as being for the provision of pensions

Remortgage - replacing an old mortgage with a new one. Normally because the new one is

cheaper.

Remuneration - your earnings package.

Rent a room - tax break to encourage people to let spare rooms in their house.

Repayment mortgage - a mortgage where you pay off some of the debt each month.

Reserve - A fund that prudent insurance companies set aside to ensure that they can meet

all their liabilities.

Residence (tax) - the country in which you live.

Retirement Annuity - a form of pension contract widely sold to people from the early 1970's to June 1988.

Reversionary Bonus - A bonus that is declared by the insurance company for its With Profit

policy holders. Once a Reversionary Bonus is declared it cannot be taken away and

effectively puts a minimum value on the policy at maturity.