Schemes breaking law by failing to offer AVC members 'open' option

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One scheme in 10 is breaking the law by failing to offer additional voluntary contribution members an open market annuity option on retirement, research reveals

Hewitt Associates’ annual AVC survey – based on a sample of 107 schemes, representing more than 1.3 million members with total assets of over £700m – warned that members could be losing up to 19pc ...

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