Are AVCs facing extinction?

Back in May, many in the industry were predicting the end of Additional Voluntary Contributions (AVCs), both in-house and freestanding. This was prompted by the announcement that the Government would allow many members of occupational pension schemes to contribute concurrently to either stakeholder or personal pensions, a more attractive alternative? This article will assess if such predictions may have been premature. The new facility, dubbed 'partial concurrency,' will allow occupational scheme members who are not controlling directors and whose P60 earnings are less than £30,000 to pa...