Group Additional Voluntary Contribution (GAVC)

How the GAVC plan is set up

The GAVC plan is an arrangement written under the trust deed and rules of the main scheme.

The trustees have delegated the responsibility of administering the GAVC plan to Winterthur Life UK Limited.

How the GAVC plan works

Under the defined contribution arrangement, contributions are made to your personal fund. These contributions are used to buy units in the investment fund or funds that you choose. The size of your personal fund at retirement will depend on how much has been contributed the length of time over which your personal fund has been invested, how your selected fund or funds have performed and the effect of charges. The Trustees select the funds you can choose from to invest in.

At retirement you use your personal fund to provide benefits that will be payable in addition to the benefits from the main scheme. The rules of the main scheme will determine the form of the benefits payable. The pension income your fund can provide will depend on annuity rates at the time you take your benefits.

Further information

For specific information relating to your company scheme please refer to your scheme booklet or contact your employer. If you are already a member of your employers’ scheme and have a user name and password you can access your pension online using the following link:

• Log in to your pension scheme website

If you need more information regarding the suitability or need advice before joining the scheme, Winterthur Life suggests that you seek advice from a Financial Adviser; you may be charged for this service. If you do not currently have a Financial Adviser you can contact IFA Promotions Ltd on 0800 085 3250 or via their website (www.unbiased.co.uk), who will be able to put you in touch with a Financial Adviser in your area.