free-standing additional voluntary contributions plan
- free-standing additional voluntary contributions plan
/fri: ˌstændɪŋ əˌdɪʃ(ə)nəl ˌvɒlənt(ə)ri ˌkɒntrɪ'bju:ʃ(ə)ns/ noun
a separate pension plan taken out by an individual in addition to a company pension scheme
Dictionary of banking and finance.
2015.
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