If you chose to make Additional Voluntary Contributions (AVCs) in addition to your normal contributions to the Plan, these 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.
AVC Fund Choices
BlackRock Defined Contribution (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.
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.
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.
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.
BlackRock UK Growth Fund
Invests mainly in UK equities and aims to produce a return in excess of its benchmark.
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.
Below are details of the AVC fund providers and how they can help you.
BlackRock® is one of the world’s preeminent asset management firms and a premier provider of investment management, risk management and advisory services to institutional, intermediary and individual investors around the world.
Standard Life plc is a long term savings and investment business.