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Merchant Navy Officers Pension Fund

AVCs

New Additional Voluntary Contributions (AVCs) are not permitted into the MNOPF.

On 29 March 2018, the Trustee agreed to transfer the AVC policies held with Equitable Life and Standard Life to the Ensign Retirement Plan. In early May, these AVC policies no longer formed part of the MNOPF, although will remain invested in the same funds as currently offered by Equitable Life and Standard Life.