The Shared Cost Additional Voluntary Contribution Scheme (SCAVC) provide an opportunity for NLC employees who are members of Strathclyde Pension Fund to pay additional contributions in order to increase their pension benefits at retirement.
Further Information can be found via these links and below:
Prudential – Additional Voluntary Contributions (AVC)
SPFO are aware of problems some members may be experiencing with Prudential over the last few months. SPFO have escalated this to the highest level and also made The Pension Regulator aware of the issues too.
Below is a link to SPFO website which details the issues and this will be updated as meetings progress.