Section A
News feed
Summary Funding Statement 2017 now available
08
Jun
2017
The Trustee has now published the Summary Funding Statement outlining the results of the 30 June 2016 actuarial interim assessment.
BT review of BTPS benefits
30
May
2017
BT have announced that they have commenced a review of the BT Pension Scheme (BTPS) benefits.
How much will your State Pension be?
18
May
2017
Reforms in April 2016 introduced the new State Pension. Most people reaching State Pension Age this year won’t be entitled to the full amount. How much will your State Pension be?
Snap general election halts decision to reduce MPAA
28
Apr
2017
Following the announcement of a general election, the Government is expediting the Finance (No 2) Bill before Parliament is dissolved on 3 May 2017.
Making your choices
This section provides you with details on how to go about making your AVC choices. Click on the question relevant to you for further details:
How do I make or increase AVC Contributions?
If you would like to make or increase your AVC contributions please read the following carefully before completing your application. You can apply online through the Pensions Portal.
Please note:
- amounts must be in whole pounds;
- reductions will commence at the next available pay date; and
- AVCs can be increased at any time.
When completing the forms, you are asked to choose between an AVC fund invested with LGIM, Standard Life or Santander. You can pay your contributions to one or more of these funds.
Think it over carefully before you make any decision.
How can I transfer my existing funds?
You can choose one or more of the AVC funds to invest in, and you can move your investments from one fund to another. For example, you may wish to consider moving your entire AVC fund to the Santander account when you are near retirement if you think the value is less likely to fluctuate. A limited number of switches can be made without any charge, but you will be advised if more frequent transfers will incur a charge.
If you wish to transfer some or all of your existing AVC funds to other funds within the AVC facility, or you can action this online through the Pensions Portal.
How do I direct future AVC contributions to be paid to a different AVC fund?
You may wish to keep your existing funds invested where they are, but direct future contributions to one or more different funds.
If you wish to direct future contributions to a different fund or funds you can action this online through the Pensions Portal.
How can I stop paying AVCs?
You can stop paying AVCs at any time, subject to sufficient notice.
If you wish to stop paying AVCs, you can action this online through the Pensions Portal or by calling Accenture.