AVC providers add multi-managerto range

In an attempt to develop market share after the Equitable Life scandal, many AVC providers are starting to expand their horizons and include multi-manager products as part of their ranges

In a bid to develop market share following the Equitable debacle and the introduction of concurrency under stakeholder rules, an increasing number of AVC providers are introducing multi-manager products. This type of enhanced investment vehicle is particularly suitable for occupational pension scheme members earning over £30,000 who therefore do not have access to a stakeholder scheme and want to make more substantial contributions through AVCs. Needless to say, this welcome move to multi-manager in the AVC market is not taking place in isolation. Consultants report a period of unprecede...