Home News About Your Pension How To ... People & Contacts PCC Useful Info

Additional Voluntary Contribution (AVC) Choices

Location: About Your Pension -> A V Cs

  1. What Are AVCs?

    You can choose to make Additional Voluntary Contributions (AVCs) in addition to your normal contributions to the Plan. These (tax deductible) payments are invested in funds you choose from a list pre-selected by the Trustee. When you retire, your AVC fund is used to provide additional benefits over and above your main Plan entitlement.

  2. AVC Fund Choices
    1. BlackRock DC Cash Fund

      Aims to produce a return in excess of its benchmark principally from a portfolio of Sterling denominated cash, deposits and money market Instruments

    2. BlackRock Pre-Retirement Fund

      Invests mainly in long–dated UK government bonds (around 50%) and long–dated UK corporate bonds (around 50%) and aims to produce a return in excess of its benchmark.

    3. BlackRock Balanced Growth Fund

      Invests mainly in equities and to a lesser extent government securities, cash and other fixed interest investments, in the UK and overseas. The Fund aims to produce a return in excess of its benchmark. The Benchmark will evolve over time to reflect market, industry and internal views and developments as to an appropriate asset mix for a broadly invested fund.

    4. BlackRock 60/40 Global Growth fund

      Invests mainly in UK equities (around 60%) and overseas equities (around 40%). The overseas equities are split between geographical regions with a fixed weight benchmark. The Fund aims to produce a return in excess of its benchmark.

    5. BlackRock UK Growth Fund

      Invests mainly in UK equities and aims to produce a return in excess of its benchmark.

    6. Standard Life With Profits

      The primary aim of the Standard Life With Profits Fund is to provide stable and consistent returns over the long term, whilst maintaining an appropriate level of financial security.

  3. Further information

    If you require further information regarding AVC Funds, it can be found in the AVC Investment Guide.

Get Acrobat Reader