What happens to your money?
The money in your Aegon pension plan is invested for you. We invest the money in your pension plan into funds – and you can choose which funds you want to put it into.
When you joined the Aegon pension scheme your contributions were automatically invested in the scheme's ‘default fund’. This is a fund chosen by your employer for their scheme, and it means you’re invested from day one. And you'll remain invested in the scheme's default fund until you tell us otherwise.
For the pension scheme, the default fund is the Aegon abrdn Diversified Growth Lifestyle fund (formerly known as the Scottish Equitable ASI Diversified Growth Lifestyle fund).
You can choose to alter your fund choice (known as 'switching') online. For more information on the wide range of funds available, take a look at our fund page then select the Pension-Single Price tab and search ASI or abrdn to see the scheme-specific funds.
You should think carefully about where you invest, as there are risks you need to consider. You may get back less than you invest. The value of your pension pot when you come to take benefits may be less than has been paid in. If you’d like some help with your investment choices you should speak to a financial adviser. If you don't have a financial adviser, you can visit MoneyHelper to find the right one for you.
How to choose your investments
To help you select the funds you want to invest in, here are some key questions that will help narrow down your search.
- How much do you want your investments to grow by?
- How long do you have to achieve your retirement goals?
- How much risk are you prepared to take?
- How do you want to take an income when you come to retire, for example drawdown or annuity?
All investments carry a degree of risk. Risk, in financial terms, means the chance you’ll get less money back than you expected or even than you invested.
Need help investing?
If you want more in-depth, tailored advice, you should speak to a financial adviser.
Viewing fund information
To help you keep up-to-date with how your fund is doing, we produce quarterly factsheets. You can view these on our website:
- for the additional funds available to the abrdn Asset Management Scheme go to your scheme’s fund page, or
- for other funds go to the fund performance section of our website. You can type in the name of the fund you’re looking for or scroll through the list until you find it. Click on the fund name to download a factsheet.
Please remember that the value of any investments may go down as well as up for a number of reasons, for example market and currency movements, and isn't guaranteed. You may get back less than you invest.