Jargon buster: financial phrases simplified
JUST SA’s weekly jargon buster aims to give simple, plain English explanations for typical words and phrases used in the financial industry, in particular, words relating to guaranteed life annuities and living annuities.
This week, we look at the letter: P
| Prudential Authority | The Prudential Authority is a regulatory body who issues operating licenses to insurance companies. It is responsible for regulating and supervising insurance companies in South Africa. |
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