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Sedgwick advises on Equitable AVC action

Sedgwick Independent Financial Consultants is offering an independent financial counselling ser-vice to company employees with Equitable Life additional voluntary contribution schemes.

The IFA says employers and trustees are being put under pressure to provide advice but the decision whether to stay in Equitable Life or transfer and face a penalty is often left to individual scheme members.

Sedgwick is making the counselling service for employees available to businesses which have group AVCs or other occupational money-purchase plans with Equitable.

The service is designed to explain issues and give specific advice according to each employee&#39s individual circumstances. It aims to help members understand the options they face and offer flexibility so employers can choose the service most appropriate to their budget and staff needs.

Sedgwick pensions development manager Martin Thompson says: “Pension scheme members with Equitable Life AVCs have been confused and frustrated by the problems they have faced.

“The Equitable Life pension counselling service allows employers to support their employees in making these difficult choices. Our service is designed to address their concerns and can be tailored to fit the individual needs of employees.”

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