AVC Fund definition

AVC Fund means those assets which are referable to additional voluntary contributions paid under the 1991 Scheme by any Transferring Member which are used to provide money-purchase benefits.
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AVC Fund means a fund comprising those voluntary contributions, or any investments or moneys representing them and any income derived from them, in respect of which the entitlements of Members who have paid them are not related to earnings but are based on the parts of that fund which are respectively attributable to those Members.
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AVC Fund means those assets which are referable to or derived from additional voluntary contributions paid under PowerGen's Scheme by Transferring Members and which are used to provide money-purchase benefits; Buyer's Actuary means Xxxxx Xxxxxx of Xxxxx & Xxxxxxx or such other actuary as the Buyer notifies in writing to PowerGen; Buyer's Plan means the pension scheme which is to be established or nominated by the Buyer in accordance with paragraph 2.1; Group Pensions Manager means Xxxxxx Xxxxxx of PowerGen UK plc, Xxxxxxxx Xxx, Xxxxxxxx Xxxxxxxx Xxxx, Xxxxxxxx XX0 0XX;
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Examples of AVC Fund in a sentence

  • The University is responsible for administering the AVC Fund and benefits.

  • According to information provided by Prudential, £106k was received in additional voluntary contributions by members, in 2021/22 (£154k 2020/21) and AVC Fund value was £4,997k (£5,175k 2020/21).

  • Subject to the Transfer Conditions being and remaining satisfied in all respects and the Employer complying in all material respects with its obligations under this Schedule, the relevant NHS Participant shall request that on the Pension Payment Date, the SPPA shall pay the Transfer Payment to the Broadly Comparable Scheme in full and final satisfaction of all interests (other than in relation to the AVC Fund) of or in respect of the Transferring Members under the NHS Pension Scheme.

  • Two years later, the shareholders acted by appointing a Consultancy Company, AVC Fund Ltd, as Financial Adviser and Technical Manager to manage and reorganize the bank in the context of a three-year contract.

  • The value of the AVC Fund section at 31 March 2015 was £51,734,000 (2014 (restated): £50,100,000).In prior years, AVC investments were co-mingled with the Main Fund investments and a notional split was calculated by the Scheme Actuary based on the value of AVC contributions, plus declared bonuses to date.

  • This is where an insurance company, bank or building society of your choice takes your AVC Fund and pays you a pension in return.

  • Investments (continued) (i) Market Value Reconciliation (continued) For the DC & AVC Fund and the Pension Choice Section the Trustee holds assets for those members electing to pay additional voluntary contributions in the form of insurance policies and unit linked investments.

  • The reconciliation below shows the transfer of investments which took place in the year from the Main Fund section to the AVC Fund section and the value of investments purchased represents the actuarial value of the AVC Fund section at 31 March 2014, less £300,000 which was transferred as investment cash.

  • The underlying investments were comprised of £356.6m of UK Government Bonds, (£32.2m) of inflation swap liabilities, £8.7m of cash and liquidity funds and £3.1m of accrued income.AVCs are part of the Scheme’s assets but form part of a separate AVC Fund section and the investments are allocated to provide benefits to the members on whose behalf corresponding contributions were paid.

  • The total value of the AVC Fund as at 31 March 2015 was£51.7m (2014 –£50.1m).


More Definitions of AVC Fund

AVC Fund means the assets and any income derived therefrom held in the NHS Pension Scheme in respect of the Transferring Members which are attributable to (or treated under the NHS Pension Scheme as attributable to) additional voluntary contributions made by the Transferring Members to the NHS Pension Scheme excluding contributions made to purchase added years
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AVC Fund means the accumu- lated value of relevant AVC contri- butions made by a member, other than the accumulated value of relevant AVC contributions of a 55
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AVC Fund means the assets from time to time representing the voluntary contributions paid by Members to secure additional benefits on a money purchase basis or received as part of a transfer to the Scheme representing voluntary contributions.
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Related to AVC Fund

  • Sub-Fund means a segregated pool of assets and liabilities into which the Trust Fund is divided, established under the Trust Deed and the relevant supplemental deed as a separate trust as described in the relevant Appendix.

  • Endowment fund means an institutional fund or part thereof that, under the terms of a gift instrument, is not wholly expendable by the institution on a current basis. The term does not include assets that an institution designates as an endowment fund for its own use.

  • Program fund means the program fund created under Section 53B-8a-107,

  • Public fund means the state treasurer or a retirement system.

  • Investment Fund has the same meaning as in National Instrument 81-106 Investment Fund Continuous Disclosure;

  • Private Fund means an issuer that would be an investment company as defined in section 3 of the Investment Company Act of 1940 but for Section 3(c)(1) or 3(c)(7) of that Act.

  • Enterprise Fund means the enterprise fund of the Recipient in which Revenues are deposited.

  • Provident Fund means any fund (other than a pension fund, benefit fund or retirement annuity fund) which is approved by the Minister in respect of the year of assessment in question: Provided that the Minister may approve a fund subject to such limitations or conditions as he or she may determine, and shall not approve a fund in respect of any year of assessment unless he or she is in respect of that year of assessment satisfied -

  • Special Fund means the fund by that name created in Section 7.1. “State” means the State of Nebraska.

  • Harbor Fund Van Xxxxxx Xxxrican Capital High Income Corporate Bond Fund ("High Income Corporate Bond Fund")

  • Armada Funds entered into in the name or on behalf thereof by any of the Trustees, representatives or agents are made not individually, but in such capacities, and are not binding upon any of the Trustees, Shareholders or representatives of the Trust personally, but bind only the Trust Property, and all persons dealing with any class of shares of the Trust must look solely to the Trust Property belonging to such class for the enforcement of any claims against the Trust.

  • Fresh Funds means funds that:

  • Revenue Fund means the fund so designated in, and created pursuant to, Section 502 hereof.

  • BlackRock Funds and “Trustees of BlackRock Funds” refer respectively to the trust created and the Trustees, as trustees but not individually or personally, acting from time to time under a Declaration of Trust dated December 22, 1988, as amended, which is hereby referred to and a copy of which is on file at the office of the State Secretary of the Commonwealth of Massachusetts and at the principal office of the Fund. The obligations of “BlackRock Funds” entered into in the name or on behalf thereof by any of the Trustees, officers, representatives or agents are made not individually, but in such capacities, and are not binding upon any of the Trustees, shareholders, officers, representatives or agents of the Fund personally, but bind only the Trust Property (as defined in the Declaration of Trust), and all persons dealing with any class of shares of the Fund must look solely to the Trust Property belonging to such class for the enforcement of any claims against the Fund.

  • Fund/SERV means NSCC’s Mutual Fund Settlement, Entry and Registration Verification System, a system for automated, centralized processing of mutual fund purchase and redemption orders, settlement, and account registration; “Networking” shall mean NSCC’s system that allows mutual funds and life insurance companies to exchange account level information electronically; and “Settling Bank” shall mean the entity appointed by the Trust or you, as applicable, to perform such settlement services on behalf of the Trust and you, as applicable, which entity agrees to abide by NSCC’s then current rules and procedures insofar as they relate to same day funds settlement. In all cases, processing and settlement of share transactions shall be done in a manner consistent with applicable law.

  • Local fund means any of the local retirement funds for

  • Loan Fund means the special fund created by the RECIPIENT for the repayment of the principal of and interest on the loan. “Loan Security” means the mechanism by which the RECIPIENT pledges to repay the loan.

  • Fund means any Person (other than a natural person) that is (or will be) engaged in making, purchasing, holding or otherwise investing in commercial loans and similar extensions of credit in the ordinary course of its business.

  • Mutual Fund or “Fund” or “UTIMF” means UTI Mutual Fund, a Trust under the Indian Trust Act, 1882 registered with SEBI under registration number MF/048/03/01 dated January 14, 2003.

  • Public funds means money belonging to the government.

  • Program Funds means all funds that are required to be deposited into the Non-profit School Food Service Account.

  • Mutual Funds means (i) all open-end mutual funds; and (ii) similar pooled investment vehicles established in non-U.S. jurisdictions, such as registered investment trusts in Japan. For purposes of the Code, Mutual Fund does not include shares of open-end money market mutual funds (unless otherwise advised by Compliance).

  • Special Funds means, collectively, the Bond Fund, the Project Fund and the Collateral Fund, and any accounts therein, all as created in this Indenture.

  • Payment Fund has the meaning set forth in Section 2.02(a).

  • Subsidy Funds With respect to any Subsidy Loans, funds contributed by the employer of a Mortgagor in order to reduce the payments required from the Mortgagor for a specified period in specified amounts.

  • Pooled Fund means any pooled fund established and maintained by the Partners as a pooled fund in accordance with the Regulations Pooled Fund Manager means such officer of the Host Partner which includes a Section 113 Officer for the relevant Pooled Fund established under an Individual Scheme as is nominated by the Host Partner from time to time to manage the Pooled Fund in accordance with Clause 8.2. Provider means a provider of any Services commissioned under the arrangements set out in this Agreement.