What Is the Guaranteed Minimum Pension (GMP)? The Guaranteed Minimum Pension is the minimum pension that a United Kingdom occupational pension scheme must provide those public sector employees who were contracted out of the State Earnings Related Pension Scheme (SERPS)between April 6, 1978, and April 5, 1997. Key Takeaways The Guaranteed Minimum Pension exists to…
In the ever-changing world of investing, the Vanguard Wellington fund is a true survivor. Founded in 1929, it was the first balanced mutual fund in the United States. From an initial investment of $100,000, the Vanguard Wellington fund has grown to over $112 billion of assets under management (AUM). The fund managers practice active management…
Etsy, Inc. (ETSY) shares rose more than 14% during Thursday’s session after the company reported better-than-expected fourth quarter financial results across both marketplace and services. Revenue rose 35% to $270 million, beating consensus estimates by $5.08 million, and earnings per share came in at 25 cents, beating consensus estimates by nine cents. Looking ahead, management…
There are several indexes for tracking mid-cap stocks. The most widely referenced is the S&P Mid-Cap 400but others include the Russell Midcap and Wilshire US Mid-Cap Index. Used as a tool for investing in stocks, index mutual funds, or exchange-traded funds (ETFs), a stock index is a hypothetical portfolio of securities representing a specific market,…
You’re probably familiar with the debate over which designation can offer the most opportunities for financial professionals: Certified Financial Planner (CFP®), Chartered Financial Analyst (CFA), or Certified Public Accountant (CPA). We’ve written about the merits of each one in the past, but with the changes happening in the financial services industry, we thought it was…
What Is Loan Grading? Loan grading is a classification system that involves assigning a quality score to a loan based on a borrower’s credit historyquality of the collateraland the likelihood of repayment of the principal and interest. A score can also be applied to a portfolio of loans. Loan grading is part of a lending…
As you probably know (if football matters to you at all), the French team will soon face the England team in the quarter-finals of the World Cup, and the objective is clear: typing English. It’s non-negotiable. But while waiting to see if we can make the roast beef their mother cry, here are some very…
What Is an Acceptor? An acceptor is the person (or bank) who is expected to pay a check or draft when it is presented for payment. Key Takeaways An acceptor is the person (or bank) who is expected to pay a check or draft when it is presented for payment. Depository institutions have capital requirements…
The world is divided into two categories of people: the carefree who enjoy life, and the heroes who make the world go round. The former do not deserve a top (even if we are one of them), while the latter are worthy of our love and all our respect. It is thanks to their daily…