AVC Information

• For active members
  members currently employed by Menzies and contributing to the Fund (valid at June 2007)
• For deferred members
  members who have left Menzies but still have AVC benefits in the Fund (valid at June 2007)
• For all - the "open market option"
  You do not have to purchase your AVC pension through the Menzies Pension Fund. You have the right to transfer your AVC fund to another provider to take advantage of more beneficial annuity rates and maybe a higher AVC pension. This is known as the open market option. Click here for detailed information about this option from The Pensions Regulator.
  

Form
AVC Application Form (to start, stop, alter AVCs)

Providers

If you pay, would like to pay or have in the past paid AVCs to Blackrock, find out more information about each fund by clicking on the link. You can view current unit prices as well as the latest quarterly Fact Sheet on each fund. You may have AVCs invested in one or more of the following funds (depending on your choice when you joined the AVC scheme):

After selecting Class N, search for the following Menzies AVC funds:

DC 70/30 Global Growth (look under the "Equity" section)
DC Balanced Growth (scroll down to the "Balanced" section)
DC Cash (scroll down to the "Cash" section)

Blackrock will post your annual AVC Statement directly to you around April each year. Your Menzies pension statement will follow each June.

Visit Blackrock here

Click on the link below to enter the Friends Provident membersite. If you pay, would like to pay or you have in the past paid AVCs to Friends Provident you will find all the information you need about your fund online. Before gaining access you have to follow an easy registration and account activation process. Once registered, you can:

View the payments you have made to your account
Find out how much your fund is worth
Review your retirement planning and consider saving more

Once registered, you will need the following information:
Scheme number: F53597
Employer name: Menzies Distribution

If you do not have funds with Friends Provident:
You can register as a non member as some facilities, called “e//tools” can help you decide on the amount of contribution you could pay as well as determining your attitude to investment risk. Click on the link below to register.

Friends Provident will post your annual AVC Statement directly to you around April each year. Your Menzies pension statement will follow each June.

Visit Friends Provident here

No new money is invested with Scottish Life but some members still have funds invested in the Crest Secure Plan.

The Crest Secure Plan is administered by The Royal London Mutual Insurance Society Limited (Scottish Life is a division of Royal London). This fund operates in a similar manner to a bank account – i.e. interest is added each year to the Fund.  As the name suggests, it is a secure contract where interest monies are added and are not taken away.  A declared rate of interest is announced each year by Royal London and updates the individual accounts at the next scheme anniversary (1st April).  The declared rate is not directly linked to the performance of any specific fund but instead, reflects the return on investments made by Scottish Life/Royal London over its entire portfolio of investments.  The declared rate allows for all expenses and administration charges.

If you have funds with Scottish Life you will receive an AVC benefit statement around June each year.

No new money is invested with Equitable Life but some members still have funds invested with them. Click here to find out more about the with-profits fund.

If you have funds with Equitable Life you will receive an AVC benefit statement around June each year.