How does it work?

Although the AVC arrangement is part of the main ABF Pension Scheme, your AVC savings will be invested separately in the Defined Contribution (DC) section. Your contributions buy ‘units’ in investment funds and the number of units you hold increases every time a contribution is paid.

The AVC savings you have invested can then be taken together with your DB benefits. The value of your AVC savings on retirement is the unit price at the time the units are disinvested, multiplied by the number of units you hold.

You can find information on the funds available in the DC section of the website by clicking here.