Some of our policyholders had defined contribution or cash balance pension savings that were transferred to one of Rothesay's arrangements. We refer to these as 'Additional Voluntary Contributions (AVCs)'.
Your AVCs
Your policy document will confirm if you hold AVCs as part of, or linked-to, your Rothesay policy. You can use your AVCs to provide additional benefits as described in your policy document.
Rothesay has two arrangements for AVCs, one with BlackRock and one with Smart Pension. Your policy document will set out which arrangement your AVCs are held with.
You should keep the way your AVCs are invested under review to make sure it is in line with your personal circumstances. You can change the way that your AVCs are invested at any time without charge.
To find out how to manage the way your AVCs are invested, please click on the box above that applies to your AVC arrangement with either BlackRock or Smart Pension.
We recommend that you consider taking financial advice before making changes to the way your AVCs are invested. If you do not have a financial adviser, you can find one using MoneyHelper’s ‘Find a retirement adviser’ tool:
Scammers often try to persuade pension savers to transfer their entire pension savings, or to release funds from it, by making attractive promises they have no intention of keeping. Please be aware of unscrupulous individuals or companies who may make false promises of high or guaranteed returns and/or of being able to access funds before age 55. Falling foul of a scam could mean you lose some or all of your money. Click on the link below for information and guidance regarding scams.