The Thomson Travel Pension Scheme in the UK has appointed Wesleyan Assurance Society as additional voluntary contributions (AVC) provider to run alongside Standard Life.
The previous stakeholder provider for the scheme was Equitable Life, which closed its doors to new business in December last year.
Wesleyan already provides an alternative AVC scheme to Britannia Airways, part of the Thomson Travel Group.
A Thomson spokesperson commented: “Wesleyan’s financial strength and very good with-profits past performance were key factors in our decision.”
Craig Errington, Wesleyan sales director said that the company will have more freedom to invest for the longer term using high performing assets which have produced better investment returns resulting in the payment of higher bonuses to its customers.
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