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FINANCIAL STATEMENTS
ABBREVIATIONS
AGM – Annual General Meeting APM – alternative performance measure Articles – Articles of Association CMI – Continuous Mortality Investigation Code – UK Corporate Governance Code CP – Care Plans DB – Defined Benefit De-risking Solutions DC – defined contribution DSBP – deferred share bonus plan EBT – employee benefit trust EPS – earnings per share ERM – equity release mortgage ESG – environment, social and governance EVT – effective value test FCA – Financial Conduct Authority FPP – Flexible Pension Plan FRC – Financial Reporting Council GDPR – General Data Protection Regulation GHG – greenhouse gas GIfL – Guaranteed Income for Life
PAG – Partnership Assurance Group PILON – payment in lieu of notice PLACL – Partnership Life Assurance Company Limited PRA – Prudential Regulation Authority PRI – United Nations Principles for Responsible Investment PVIF – purchased value of in-force PwC – PricewaterhouseCoopers LLP RICS – the Royal Institution of Chartered Surveyors RPI – retail price inflation SAPS – Self-Administered Pension Scheme SAYE – Save As You Earn SCR – Solvency Capital Requirement SFCR – Solvency and Financial Condition Report SID – Senior Independent Director SIP – Share Incentive Plan SLI – Secure Lifetime Income SME – small and medium-sized enterprise STIP – Short Term Incentive Plan tCO 2 e – tonnes of carbon dioxide equivalent TMTP – transitional measures on technical provisions TSR – Total Shareholder Return
Hannover – Hannover Life Reassurance Bermuda Ltd IFRS – International Financial Reporting Standards IP – intellectual property ISA – International Standards on Auditing
JRL – Just Retirement Limited KPI – key performance indicator LTIP – Long Term Incentive Plan LTM – lifetime mortgage MA – matching adjustment MAR – Market Abuse Regulation NAV – net asset value NNEG – no-negative equity guarantee ORSA – Own Risk and Solvency Assessment
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