Money Purchase Arrangement

 

The Prudential & Standard Life have been appointed to administer a money purchase AVC arrangement as an alternative to the existing NHS Additional Pension (Factsheets Additional Pensions FAQs, Increasing your Benefits factsheet ).

You can increase the amount of benefits you get at retirement by paying extra contributions into a Money Purchase arrangement whereby additional voluntary contributions (AVCs) are made to another provider to build up a separate retirement fund. These contributions are invested and then used to supplement your main Scheme benefits at retirement or later. The current NHS AVC providers are Standard Life and Prudential. Information on their respective arrangements is available on their websites using the links below: