AVC Switching
You can request to switch your AVC funds in the AVC section of the BTPS Portal.
Please be aware that a request to switch
your AVC funds is not an instant transaction; the transfer of funds typically
takes up to 6 working days to complete but it is likely to take longer if you
are switching out of the Standard Life with-profits fund.
There is a risk that market volatility
could affect the value of your fund between the date of your switch request and
the date it is disinvested. The value can go down, as well as up during this
period.
Between your funds being disinvested and the time they’re invested in your new choice of fund, there may be a short period when they are not invested at all. This is known as being ‘out of market’. While your funds are ‘out of market’, they will not benefit from market gains nor be reduced by market losses.
If you are unsure about how market volatility may affect the value of your AVC, please consult an independent financial advisor before requesting a switch.
Once you request a switch you’ll need to wait until that switch is complete and our systems are updated before starting a new one.
If you switch from the Standard Life With-Profits Fund, you may be giving up valuable guarantees and your fund may be subject to a reduction in value. Read a guide to Standard Life’s with-profits funds