DC Additional Voluntary Contributions (AVCs)
You may pay AVCs to provide extra pension for you and your dependants. You can pay AVCs to the ABP arrangement or to a free-standing AVC with a provider of your own choice. If you would like to know more about AVCs in general and the ABP arrangement in particlar, please contact ABP's Pensions Department here.
In addition, ABPH PLC has designated a Stakeholder pension arrangement with Legal & General Assurance Society Limited. You may pay into this, or another Stakeholder arrangement of your choice, at the same time as you contribute to the scheme - provided that you meet the Government's Stakeholder earnings requirements. The company does not contribute to this arrangement. For more information regarding the Stakeholder plan please contact ABP's Personnel Department.
You should take independent financial advice before making a decision as to whether it is appropriate for you to pay AVCs to an AVC and/or Stakeholder arrangement and whether you should use the ABP arrangements or a provider of your own choice.