Crystallised
The part of your pension that you’ve already accessed. You need to access some of your pension (i.e. crystallise it) before you can withdraw money from it.
The pension money you’ve accessed but not withdrawn as pension income (or used to buy an annuity) remains in your pension as your ‘crystallised’ funds. See also Drawdown pension.
More on Pensions drawdownPopular terms
Market auction
A market auction refers to the process where buyers and sellers place orders to buy or sell investments, with those...
Fair Value Assessment (FVA)
A check on whether an investor receives a reasonable benefit from an investment product or service for the price they...
Aquis Stock Exchange
An alternative junior marketplace to the Alternative Investment Market (AIM), offering a place for small and typically less mature...