AVCs

dunstonh

Not mis-sold?

You cant be mis-sold something that you are not sold.

That's a matter of opinion.

its not a matter of opinion. It is a matter of fact. Unless you were given financial advice and recommended you purchase the product then you cannot complain about advice given as no advice was given.

I don't believe it said anywhere that I might get back less than I paid in.

The first risk warning on any investment product since the late 80s has covered that point. The fact you cannot remember it is not grounds for complaint.

warwicktiger

Are you calculating your payments based on how many £'s you actually paid in or taking into account the grossing up because you paid net of basic rate tax?

xylophone

Do you still have the booklet/details of terms and conditions etc?

The AVCs were provided by Aviva and Scottish Widows. Staff were given a booklet to read and had to choose whether they wanted a low, medium or high risk strategy for investment. I believe I chose medium.

You were told by the DB scheme administrator that it was possible (if you wished) to take part in an AVC scheme through one or both insurers?

Whether you did so or not was a matter of personal choice?

The insurers provided an information booklet which set out three investment styles from which those who opted to take part could choose?

No advice was given?

If these were "money purchase" arrangements then no guarantee could have been given that you would get back the same or more than you put in.