Newgate St. - London

Section A

AVC investment options

The following funds are currently available for investment:

Standard Life Vanguard FTSE UK All Share Index Fund

Category:

Passive UK Equities (Shares) Fund

Investments in:

Shares of UK listed companies

Aim of the fund:

The aim of the Fund is to seek to achieve capital growth for investors over the long-term by tracking closely the performance of the FTSE All Share Index, a market capitalisation weighted index of common stocks of companies listed in the UK.

Standard annual charge (% pa):

1.02

Discount negotiated for BTPS members (% pa):

0.70

Total charge you pay (% pa):

0.32

Standard Life Vanguard Global Stock Index Fund

Category:

Passive Global Equities (Shares) Fund

Investments in:

Shares of companies listed in developed markets.

Aim of the fund:

The aim of the Fund is to seek to achieve capital growth for investors over the long-term by tracking closely the performance of the MSCI World Index, a market capitalisation weighted index of common stocks of companies listed in developed countries.

Standard annual charge (% pa):

1.01

Discount negotiated for BTPS members (% pa):

0.70

Total charge you pay (% pa):

0.31

Standard Life Passive Plus III Fund

Category:

Diversified Growth Fund

Investments in:

A wide range of predominantly passive funds which invest in shares of companies, bonds, property, and money markets. The Fund may invest in shares or debt securities of companies from developed or emerging markets.

Aim of the fund:

The aim of the Fund is to seek to achieve capital growth by investing in a broad range of asset classes. This provides a greater degree of diversification and allows the Fund to be less reliant on a single source of return when seeking long-term capital growth.

Standard annual charge (% pa):

1.02

Discount negotiated for BTPS members (% pa):

0.70

Total charge you pay (% pa):

0.32

Standard Life Deposit and Treasury Pension Fund

Category:

Money Market Fund

Investments in:

Short-term money market instruments such as, but not limited to, bank deposits and treasury bills.

Aim of the fund:

The aim of the Fund is to seek to provide investors with stability of capital and income comparable to sterling denominated short-term money market interest rate.

Standard annual charge (% pa):

1.01

Discount negotiated for BTPS members (% pa):

0.75

Total charge you pay (% pa):

0.26

The total annual charge is made up of an annual management charge (AMC) and variable expenses. Standard Life’s charges are not fixed and can go up or down over time.

The Trustee regularly monitors and reviews the performance of these funds and as a result the investment managers and funds available may change from time to time.

There are a number of funds which are now closed to new contributors, new contributions and switches from other BT Pension Scheme AVCs. These are as follows:

  • BlackRock – UK Equity Index Fund and Global Equity Fund
  • Equitable Life - With-Profits Fund and Managed Fund
  • Legal & General Investment Management (LGIM) – UK Equity Index Fund and Global Equity Fixed Weights (50:50) Index Fund
  • Standard Life – With-Profits Fund

You can find more details about these funds on the Pre-December 2019 AVC funds page.

Choosing where to invest your AVCs can seem a little daunting. If you are not sure about making your investment choices, you should contact an independent financial adviser for help and advice. They may charge a fee. To find a financial adviser authorised by the Financial Conduct Authority (FCA) please visit www.moneyadviceservice.org.uk. Please note that we are unable to give you advice on what funds are best for you.