Financial Dictionary.

This is a browseable and searchable reference tool for terminology relating to UK-based personal finance and financial products.

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OEIC (Open Ended Investment Company)

Definition: A type of collective investment fund, first introduced into the UK in 1997, but with a longer history in the rest of Europe. They combine features of both Unit Trusts and Investment Trusts. Like Unit Trusts, they are open-ended investment vehicles, but they do not have the bid / offer pricing structure associated with unit trusts. Instead there is a single pricing for the buying and selling of shares. Like Investment Trusts, they issue shares that are listed on the Stock Exchange, but when there is a demand for their shares, they can issue additional shares into the market. This means that the shares do not trade at a discount or premium.

Recent Financial Topics

A road safety charity has also found that a fifth of drivers would support a ban on SUVs entering city centres, such is the perceived threat the larger motors pose.

One in three drivers say SUVs are more dangerous to pedestrians as think tank calls for them to be taxed to fund EV discounts for low-income families
04/03/2026 07:01 PM

Bosses and experts say Labour's national insurance hikes and wage policies are to blame for rising joblessness - with young people the worst hit.

Labour urged to rethink plans to hike the minimum wage as youth unemployment soars
04/03/2026 06:15 PM

Rachel Reeves could be forced to hike taxes even more, despite warnings that increases are already threatening to damage growth.

Taxes set to rise again as war in Middle East wipes out Chancellor's headroom
04/03/2026 06:15 PM

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Recent Financial Topics

Financial Dictionary.