When might you need a babel fish?

When might you need a babel fish?

A babel fish is one of the oddest things in the universe. It feeds on brain wave energy, absorbing all unconscious frequencies and then excreting telepathically a matrix formed from the conscious frequencies and nerve signals picked up from the speech centres of the brain. The practical upshot of which is that if you stick one in your ear, you can instantly understand anything said to you in any form of language.

Anyone familiar with The Hitchhikers Guide to the Galaxy will be familiar with the babel fish. A bit like family law, the language employed in the financial services profession and the acronyms we use can often feel like it’s from a far away planet. At times, it can be hard work keeping up with the continual change within your own area of work never mind those of associated disciplines.

At the start of a recent presentation to a group of family lawyers we had a little bit of fun with acronyms. The list is below. How many do you know?

GAR, COMPS, MIP, AVC, GMP, GILT, LIBOR, NAV, SSAS, SIPP, FIB

Did you get them all? (See

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About the author:
Paul Gorman  is a chartered financial planner and founding partner of Beaufort Planning