We’re making changes to the Scottish Equitable M&G UK Growth fund

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On 6 November 2015, we’re changing the name of the Scottish Equitable M&G UK Growth fund to the Scottish Equitable M&G UK Select fund. In addition, although the manager of the fund is not changing, the investment objective of the fund will change slightly. 

These changes will apply across our Pension and Aegon Retirement Choices (ARC) insured fund ranges. The changes to the fund are detailed below:

Existing fund name New fund name
Scottish Equitable M&G UK Growth Scottish Equitable M&G UK Select
Existing short name New short name
SE M&G UK Growth SE M&G UK Select
Existing fund description New fund description
This fund aims to achieve capital growth by investing mainly in the shares of UK companies that the manager believes have high growth potential. The emphasis is on finding undervalued companies with attractive growth prospects. The fund is managed by M&G. This fund aims to achieve capital growth by investing mainly in the shares of a concentrated number of UK companies that the manager believes have high-growth potential. The emphasis is on finding an undervalued company with attractive growth prospects. The fund is managed by M&G.

Why have we made this change?

M&G, the underlying manager of the fund, has decided to change the name and investment objective of the underlying fund to better illustrate the way the fund invests. 

As a result, we’re also updating our fund name and investment objective to ensure it remains in line with the underlying fund.

What do current investors need to do?

Current investors don't need to do anything. Nothing else has changed, the way the fund is managed, the risk rating and charges remain the same.