Annual Report and Accounts 2006

Abbreviations

ABI
Association of British Insurers
AFS
Available-for-sale
AGM
Annual General Meeting
ALCO
UK Asset and Liability Committee
APE
Annual Premium Equivalent
ARA
Annual Report and Accounts
ASB
Accounting Standards Board
ASU
Accident, Sickness and Unemployment
BPA
Bulk Purchase Annuity
CAL
Company Action Level
CFO
Chief Financial Officer
CMI
Continuous Mortality Investigation
CSOP
Company Share Option Plan
CSR
Corporate Social Responsibility
DMI
Domestic mortgage indemnity
DRIP
Dividend Reinvestment Plan
DRR
Directors’ Report on Remuneration
EC
European Commission
EEV
European Embedded Value
EPS
Earnings per share
ESOS
Executive Share Option Scheme
ESOT
Employee Share Ownership Trust
ESP
Employee Share Plan
EST
Employee Share Trust
EV
Embedded Value
EVCA
European Private Equity and Venture Capital Association
FOGs
Financial options and guarantees
FRS
Financial Reporting Standard
FSA
Financial Services Authority
FTSE
Financial Times Stock Exchange index
FUM
Funds under Management
FVTPL
Fair value through profit or loss
GAAP
Generally Accepted Accounting Principles
GCIA
Group Chief Internal Auditor
GI
General insurance
GRCC
Group Risk and Compliance Committee
Group
Legal & General Group Plc
HFT
Held for trading
HMRC
Her Majesty’s Revenue & Customs
HR
Human resource function
IAS
International Accounting Standards
IASB
International Accounting Standards Board
ICA
Individual Capital Assessment
IFA
Independent Financial Adviser
IFRS
International Financial Reporting Standards
IGD
Insurance Groups Directive
ILU
Institute of London Underwriters
ISA
Individual Savings Account
IT
Information Technology
KPIs
Key Performance Indicators
LGA
Legal & General America
LGF
Legal & General France
LGI
Legal & General Insurance Limited
LGIM
Legal & General Investment Management Limited
LGN
Legal & General Netherlands
LGP
Legal & General Pensions Limited
LGPSL
Legal & General Partnership Services Limited
LDI
Liability Driven Investments
LTF
Long Term Fund
MCEV
Market Consistent Embedded Value
MTN
Medium Term Note
NBSC
New Bridge Street Consultants
PMC
Legal & General Assurance (Pensions Management) Limited
PPFM
Principles and Practices of Financial Management
PSP
Performance Share Plan
PVNBP
Present value of new business premiums
RBC
Risk Based Capital
RCC
Risk and Compliance Committees
RCM
Risk Capital Margin
RDR
Risk discount rate
ROEV
Return on Embedded Value
RPI
Retail Price Index
SAYE
Savings related share option scheme
SBP
Share Bonus Plan
SEE
Social, environmental and ethical
SFS
Summary Financial Statement
SIPP
Self-Invested Personal Pension
SNW
Shareholder net worth
Society
Legal & General Assurance Society Limited
SORIE
Statement of Recognised Income and Expense
SRC
Shareholder Retained Capital
TCF
Treating Customers Fairly
TSR
Total Shareholder Return
VIF
Value of in-force business
WACC
Weighted average cost of capital

© Legal & General Group Plc 2007