FCA Firm Checker

Our new tool for consumers makes it easier to check if a firm is authorised and has permission for the service it's offering you.

A to Z of financial terms

See our definitions to help you understand financial and legal terms.

First published: 20/03/2023 Last updated: 20/03/2023

This is a new service and we are still building our library of terms - please let us know any comments or suggestions for new definitions in the page feedback section below.

Get-rich-quick schemes

Get-rich-quick schemes promise investors high returns or dividends not usually available through traditional investments. The two most common get-rich-quick schemes are Ponzi and pyramid schemes. Read more about how to protect yourself from scams.

Ghost broking

Ghost broking is a type of scam where fraudsters sell fake insurance to customers looking for cheaper insurance. See more about insurance scams.

Graphene investment schemes

Graphene is a type of carbon that may one day be used in display screens, electrical circuits and batteries. Most firms promoting and selling graphene investments are not authorised by the FCA. Investors are usually called unexpectedly and pressured to invest quickly to get the promised high returns. Because graphene is unregulated, it's difficult to confirm that you've even bought the genuine product. Find out how to protect yourself from scams.

Guaranteed pension benefits

Some defined contribution pensions offer guarantees about how much money you'll get when you retire. These benefits, also known as guaranteed pension benefits or safeguarded benefits, may include a guaranteed annuity rate or a minimum level of income. This is different from the guaranteed income provided by a defined benefit pension.