You can read more about our Group Additional Voluntary Contribution (GAVC) Pensions below and download our key features document for more detail.
Criteria
- There must be an occupational pension scheme already in place.
- All GAVC members must be active members of the occupational scheme.
- Members must be aged between 18 and 75.
Suitability for employers
Only employers with occupational schemes can set up a GAVC. Employees must be active members of the occupational scheme to contribute to the GAVC.
The schemes are administered by trustees, who are responsible for collecting payments and running the scheme. Contributions will normally be paid at the same times as regular contributions to the main scheme.
Scheme trustees
The scheme trustees make the decisions on pension scheme management. Trustees have a range of responsibilities, including:
- pension knowledge and understanding
- setting up and maintaining internal dispute procedures
- producing a yearly trustee report
- complying with rules on trustee meetings
Costs
We price schemes individually based on the expected scheme profile, taking into account any additional services, expected joiners, turnover and average contributions.
More about charges
Alternatives
If you don’t have an occupational scheme, another product may be more appropriate for you and your employees:
- Group Personal Pension
- Group Stakeholder Pension
- Group Self-invested Personal Pension
- Group Money Purchase Pension
Why choose AEGON?
Our award-winning technology and support makes setting up and running a pension scheme easy.
How to apply
Find out how to apply for our products and where you can find out more about the choices available to you.
Next steps
If you would like more information you should talk to a financial adviser.
Contact us
Call us on:
0870 60 00 337
If you have a specific question about company or group pensions visit our contact pages.