Sets out details of investments held by a pension fund and the buying and selling transactions that have taken place. It explains why the particular investments were chosen and why changes were made in the investment portfolio.

The risk that the rates of investment returns anticipated in insurance and investment calculations are not achieved.
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Possibility that an investment in a stock, bond or similar security may lose its market value for any reason, thus, causing loss of wealth or income to the holder of this security. This risk relates to security market conditions.

A company that invests in stocks and shares bought with the capital subscribed by shareholders, retained profits and loan finance. The shares of the trust are available only to the extent that existing shareholders are prepared to sell the whole or a part of their holdings.

long term business with investment content whose return is linked to the performance of a specified asset, group of investments, or index.

Interim Prudential Sourcebook for Friendly Societies. It sets rules, principles, guidance on how to comply with a requirement, evidential provisions (high-level guidance containing examples on compliance) and directions on minor. The rules, etc., arise from FSMA and powers devolved upon the FSA. The rules have the status of law and principles, while lacking legal status, are effectively as powerful. IPRU (FSOC) will become integrated in the new Integrated Sourcebook.

Interim Prudential Sourcebook for Insurers. This comprehensive document sets out rules, principles and directions applicable to insurers. The rules, etc., are derived from FSMA and/or the powers of the FSA. Rules have legal status but principles, though effectively as powerful, do not. The Sourcebook gives guidance on how an insurer should comply with its various obligations. Evidential provisions give highlevel guidance and examples on compliance. Separate sourcebooks exist for Lloyd’s, Friendly Societies, banks, investment businesses and building societies. IPRU (INS) will become incorporated in the new Integrated Sourcebook.