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Introduction of Money Purchase AVC early exit charge
Prudential, the scheme’s AVC provider is introducing an early exit charge when Money Purchase AVC (MPAVC) funds are withdrawn within five years of such contributions having commenced. The charge will only apply to the funds of members who commence MPAVCs on or after 19 August 2012 - it will not apply to those who have commenced MPAVCs before that date.
Posted on: 30/03/2012
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