Additional Voluntary Contributions

As the Plan is closed to new contributions, extra contributions into an Additional Voluntary Contribution (‘AVC’) arrangement are now also closed.

AVC benefits were accrued on a money purchase basis which means that, on retirement, a pension pot that can be used to provide additional pension benefits will have accumulated. The Plan has a number of closed AVC funds to which members were previously able to contribute.

You can obtain further information on these funds (including performance) by following the web links below.

If you have any queries regarding the Plan’s AVC arrangements, please contact the Plan’s administrator (Isio) who will be happy to answer any questions. Isio can be contacted on 0800 488 0794.

AVC fund options AVC fund factsheets
Standard Life Passive Plus III – the growth fund of the Passive Plus III (Lump Sum) Strategic Lifestyle Profile https://documents.feprecisionplus.com/Factsheet/SL/FS/KY9Y_en-GB.pdf
Standard Life BlackRock Managed (50:50) Global Equity Pension https://documents.feprecisionplus.com/factsheet/sl/fs/ry28_en-gb.pdf
Standard Life Managed Pension Fund https://documents.feprecisionplus.com/Factsheet/SL/FS/ST47_en-GB.pdf
Standard Life Pension With Profits One Fund and Standard Life Pension With Profits One 2006 Fund https://library.standardlife.co.uk/uwp1p.pdf
Prudential Deposit Fund https://www.mandg.com/dam/pru/shared/documents/en/btbq00025a.pdf?src=301&domain=pru
Utmost Life Global Equity Fund https://www.utmost.co.uk/investment-funds/fund-information-heritage-equitable-life-joining-utmost-1-january-2020/self/
Utmost Life Investing By Age Lifestyle Fund https://www.utmost.co.uk/investment-funds/fund-information-heritage-equitable-life-joining-utmost-1-january-2020/investing/