More than a third of AVCs are invested in deposit-based funds, despite industry consensus that such ...
More than a third of AVCs are invested in deposit-based funds, despite industry consensus that such investments are only suitable for those close to retirement, according to a survey by Bacon & Woodrow. The group's 2000 AVC survey also shows that three-quarters of AVC schemes offer members the choice of both with-profits and unit linked investments. Anne Freeman, a consultant on Bacon & Woodrow's specialist defined contributions team, said: "This is a disproportionately high level of contributions paid to deposit-based funds. While such funds have their place in the AVC market to provide ...
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