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GLOSSARY

Term (of a bond) definition

Published by a LexisNexis Pensions expert

What does Term (of a bond) mean?

The time remaining until the final payment on the bond.

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Types of pension scheme investment

STOP PRESS: After the election of a new Labour government for the first time since 2010 in the General Election of 4 July 2024, Sir Keir Starmer is the Prime Minister, Rachel Reeves is the Chancellor of the Exchequer, while Liz Kendall is the Secretary of State for Work and Pensions. Kendall leads the Department for Work and Pensions (DWP) after holding the shadow secretary role since September 2023. Emma Reynolds holds a dual role having been appointed ‘Parliamentary Secretary in His Majesty’s Treasury and the Department of Work and Pensions’ and is also the Pensions Minister. Sir Stephen Timms and Alison McGovern are Ministers of State at the DWP, as well as being members on the Departmental Board. Furthermore, Andrew Western is a Parliamentary Under-Secretary of State in the DWP, along with Baroness Sherlock OBE.On 20 July 2024 the Chancellor announced the launch of the formal pensions review promised as part of Labour’s pre-election manifesto pledge. The pensions review forms part of the new government’s mission to ‘boost growth...

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