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Glossary

PAC
Product Application Components (PACs) are electronic application forms for life and pensions products.
PDF
A file format created by Adobe, initially to provide a standard form for storing and delivering electronically printed published documents.
Pension Transfer

Covers the transfer of a member from one pension scheme to another. Only one part of this overall process is covered by an electronic message, and that is the Transfer Value message sent by the ceding Product Provider to the new Product Provider.

Many more flows of information are required to complete the process and these are carried out by manual completion of paper forms and by other non-electronic mechanisms.
PIA
Personal Investment Authority - industry regulator, subsumed within the FSA in December 2001.
Platform
Used as a generic expression to cover the different types of eServices or technology solutions which provide a range of electronic services for Advisers.
Portal
In the Adviser marketplace a Portal is a secure internet based service which allows users to compare and contrast multiple Providers, products and research information to assist in the business process.
Product Provider
A company that provides protection, investment or pension products in the UK.
Product Type Definition
A document that defines the rationale behind the Standard Product Type and Sub Type definitions used within the Origo Standards. Product Types and Sub Types are the main data items that define a protection, pension or investment product.
Proposal
Information sent electronically from an Adviser to a Product Provider for establishing a new Contract.
The Pensions Regulator (tPR)
The UK regulator of work-based pension schemes. Working with trustees, employers, pension specialists and business advisers to protect members' benefits and encourage high standards in running pension schemes. http://www.thepensionsregulator.gov.uk