GPSJ WINTER 2023 2024 LATEST - Flipbook - Page 27
LOCAL AUTHORITY & COUNCIL
GPSJ
AVC Wise Secures Place on UK’s First
Salary Sacrifice AVC Framework
Additional Voluntary Contribution (AVC) service provider, AVC Wise Ltd. (AVC Wise), has been
awarded a place on the UK’s first and only Salary Sacrifice AVC Framework, and as the only
approved supplier on the framework.
Portsmouth City Council
has launched the new
framework meaning other
public sector organisations
can seamlessly enter into
a contract with a salary
sacrifice AVC provider,
without the need for a
lengthy procurement
process.
Councils can make savings and
support staff’s financial wellbeing
through salary sacrifice additional
pension contributions more easily
than ever.
This means that these organisations
can provide further education and
support around retirement planning
and financial wellbeing to their
workforce easier than ever before.
Shaun Tetley, Head of Pensions,
Payroll and Reward at Portsmouth
City Council comments “We have
been leading the way with additional
voluntary contributions for some
time, we firmly believe it’s a great
move for staff and employers and
we’re delighted to launch this
framework that can help so many
others benefit from it.
Numerous councils have said
they’ve had difficulties procuring a
supplier, and now they don’t need
to worry about that as they can
benefit from the work we’ve already
done.
AVC Wise is the market leader for
salary sacrifice AVCs and provides
a fantastic service. Our framework
will speed up staff getting benefits
and employers saving money,
which can only be good for the
public sector”
“This framework is a game changer
for public sector organisations.”
explains Bobby Lyons, Head of
Commercial and Strategy at AVC
Wise. “It cuts out the lengthy tender
process as all you need to do is
identify your requirements, present
these to us at AVC Wise, award
a contract, and you’re on your
way to offering your public sector
employees the best retirement
benefits possible. We’re constantly
striving to make access to salary
sacrifice AVCs as easy as possible
for employees, and this is a huge
step in the right direction in our
mission to support the public sector
and the financial wellbeing of their
employees.”
Suppliers under this agreement are
pre-qualified, which means that
AVC Wise have met the appropriate
mandatory and discretionary criteria
as set out in the framework.
About AVC Wise
Established in 2018,
AVC Wise provides
a fully managed AVC
solution which includes
a dedicated bespoke
web platform, bespoke
employee communications,
a dedicated customer
service team and more.
They help the public sector
put employee financial
wellbeing at the heart of
their organisations.
For more information about
AVC Wise, go to www.
avcwise.co.uk.
For more information, please
email info@avcwise.co.uk.
For more information, including
how to buy, and to check the
approved customer list, visit
www.Portsmouth.gov.uk/
frameworkavc.
GOVERNMENT AND PUBLIC SECTOR JOURNAL WINTER 2023/2024
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