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The Aegon Master Trust investment options

The Aegon Master Trust (AMT) offers a comprehensive investment offering with robust governance.

A default strategy to suit your client’s workforce

The trustees’ first priority is to provide a default strategy that remains fit for an evolving workforce, recognising that over 95%1 of those in defined-contribution (DC) schemes will remain in this. That’s why they’ve selected Aegon BlackRock LifePath Flexi as the default for our Master Trust. 

Aegon Blackrock LifePath Flexi is a target-dated strategy that benefits from three layers of expert oversight ─ from BlackRock, Aegon and the Investment sub-committee of the trustee board, supported by independent investments advisers, Isio.  

Options beyond the default

The trustees work with your clients to encourage member engagement with their investment choices – offering a range of single and multi-asset funds beyond the default. This makes it possible for your members to create their own investment strategies. 

In addition to the Aegon BlackRock LifePath Flexi, there are two other LifePath strategies. One targets annuity purchase, the other targets cash lump sum. This offers alternatives for members who like the idea of a fund that manages their investments throughout their career, right up to retirement, but think they’ll take their benefits in a different way. 

The LifePath strategies

LifePath is a target-dated investment strategy that automatically manages a member’s savings from their early working life, right through to retirement. It aims to make sure they’ve invested appropriately at all stages of their working life and deliver the retirement outcome they’re targeting. Members will be put into a fund that includes the year they’re retiring in. For example, someone retiring in 2074 would be put into the 2073 to 2075 version of the fund.

More about LifePath strategies

Why LifePath?

LifePath is a target-dated strategy, managed by BlackRock. BlackRock launched the world’s first target-dated fund in the US in 1993, introducing it in the UK in 1997. It now looks after over £287.4 billion in target-dated funds on behalf of clients worldwide.2

The LifePath strategies have also grown to be one of the largest default strategies in the UK, with

over £10 billion invested across a diverse mix of UK DC schemes.2

The Aegon Master Trust fund range

The Aegon Master Trust (AMT) fund range is a curated range of funds selected by the trustees, and supported by independent investments advisers, Isio. This range offers members a choice of passive and active funds, including ready-made multi-asset solutions and single asset funds. This makes it easier for members to build bespoke portfolios, while also recognising the increasing desire for more sustainable options.

Find out about our AMT fund range

There’s no guarantee the funds will meet their objectives. The value of investments and any income taken, can fall as well as rise and isn’t guaranteed. The final value of a member’s pension pot when they come to take benefits may be less than has been paid in.  

¹ The Pensions Regulator. DC trust: scheme return data 2022 – 2023.

2 BlackRock LifePath UK Overview Q4 – as at end December 2022.