reinvesting VR into RM pension?

[stephen500]

A friend asked me yesterday, who has taken vr and would like to invest some of it into his RM pension, which he plans to take in around 5 years (nra 60) and ten years time (nra 65). He spoke about "cautious funds" and more "risky" funds.
I couldn't really say much as it is some thing I have never done, aside from I would be "cautious".
I did say he could take advice, but said have a look at management fees, if they apply?
Not much I could really say.
Does any one have any views on the best ways to reinvest VR into our pension schemes.
This colleague has to do this before his final pay day at the end of the month.

[RobertT]

I assume he's in section A, B or C of the RMPP?

If so, he can put some of his VR package into an AVC called Flexiplan. It's not possible to put anything extra into the pension itself or the DBCBS.

AVC's can only be paid via wages, so he'll have to contact payroll and pensions to arrange for the payment to be made when he gets his last weekly/monthly wage.

More info on AVC's is on the RMPP website and the investment options are here: https://digital.feprecisionplus.com/cor ... ory=2rmp62

If he's in the RMDCP then the same procedure applies, but the investment choices will be the same as he already has.

[stephen500]

I assume he's in section A, B or C of the RMPP?

If so, he can put some of his VR package into an AVC called Flexiplan. It's not possible to put anything extra into the pension itself or the DBCBS.

AVC's can only be paid via wages, so he'll have to contact payroll and pensions to arrange for the payment to be made when he gets his last weekly/monthly wage.

More info on AVC's is on the RMPP website and the investment options are here: https://digital.feprecisionplus.com/cor ... ory=2rmp62

If he's in the RMDCP then the same procedure applies, but the investment choices will be the same as he already has.

He is in section B.
Thanks.
I will forward your information.

[freespeech]

I assume he's in section A, B or C of the RMPP?

If so, he can put some of his VR package into an AVC called Flexiplan. It's not possible to put anything extra into the pension itself or the DBCBS.

AVC's can only be paid via wages, so he'll have to contact payroll and pensions to arrange for the payment to be made when he gets his last weekly/monthly wage.

More info on AVC's is on the RMPP website and the investment options are here: https://digital.feprecisionplus.com/cor ... ory=2rmp62

If he's in the RMDCP then the same procedure applies, but the investment choices will be the same as he already has.

He is in section B.
Thanks.
I will forward your information.

If he has "taken" VR as in left then he is too late to add to his pension in my view. I had to do it prior to leaving when I had my VR quote.

[RobertT]

If he has "taken" VR as in left then he is too late to add to his pension in my view. I had to do it prior to leaving when I had my VR quote.

I refer you to the last sentence of the first post in this thread:

"This colleague has to do this before his final pay day at the end of the month."

[stephen500]

If he has "taken" VR as in left then he is too late to add to his pension in my view. I had to do it prior to leaving when I had my VR quote.

I refer you to the last sentence of the first post in this thread:

"This colleague has to do this before his final pay day at the end of the month."

Yes, he has not had his final pay yet, that is at the end of March. He has taken VR, but is on leave.