Details of the additional funds
Click on the fund name to find out more.
- The fund description section tells you where the fund invests.
- The objective sets out specifically what the fund aims to achieve – although there is no guarantee that the fund objective will be met.
- The funds listed below sit within Association of British Insurers (ABI) pension sectors.
- Please note, the fund factsheets use Aegon's risk ratings throughout.
- The value of these investments can go down as well as up and you may get back less than you invested.
- Each of the funds below will have their own specific risks that are detailed in the fund factsheets, and linked to from each fund description. It is important you read these before making any investment decision.
| Objective | This fund aims to achieve long-term capital growth by investing in an internationally diversified portfolio, largely made up of equities (shares in companies). It currently invests in a mix of different funds, from different fund managers, offering a mix of active and passive fund management, which means it doesn’t rely on the performance of one manager or management style alone. We reserve the right to add, remove and replace funds within the Universal Balanced Collection with the aim of making sure it continues to meet its aims and objectives. |
|---|---|
| ABI Sector | ABI Mixed Investment 40-85% shares. |
| Total charge | 0.38%* |
| Fund management team | Aegon/Scottish Equitable Plc |
| More information | Fund factsheet |
| Objective | This portfolio aims to provide long-term capital growth while keeping risk in a target volatility range of 5.25-9.25% over a market cycle, which the fund manager defines as being three years or more. The portfolio is built using a collection of low-cost funds that aim to perform in line with their regional benchmarks, by investing in the same companies as them, in the same proportions. The fund invests in assets traditionally viewed as lower risk, including investment grade corporate bonds, government bonds (gilts) and cash. It will also invest to a lesser extent in riskier assets, including developed and emerging markets equities. To be consistent with the target volatility range, the fund would typically be expected to invest between 20-50% in equities. The underlying assumptions that support the volatility and equity ranges are at the fund manager's discretion and are subject to change. This is the second least risky of the Core Risk Profile Portfolios, so it may not return as much as other funds in the range over the longer term. |
|---|---|
| ABI Sector | ABI Unclassified |
| Total charge | 0.37%* |
| Fund management team | Aegon/Scottish Equitable Plc |
| More information | Fund factsheet |
| Objective | This portfolio aims to provide long-term capital growth while keeping risk in a target volatility range of 3-7% over a market cycle, which the fund manager defines as being three years or more. The portfolio is built using a collection of low-cost funds that aim to perform in line with their regional benchmarks, by investing in the same companies as them, in the same proportions. The fund invests in assets traditionally viewed as lower risk, including investment grade corporate bonds, government bonds (gilts) and cash. It will also invest a limited amount in riskier assets, including developed and emerging market equities. To be consistent with the target volatility range, the fund would typically be expected to invest between 5-35% in equities. The underlying assumptions that support the volatility and equity ranges are at the fund manager's discretion and are subject to change. This is the least risky of the Core Risk Profile Portfolios, so it may not return as much as our other portfolios in the range over the longer term. |
|---|---|
| ABI Sector | ABI Unclassified |
| Total charge | 0.36%* |
| Fund management team | Aegon/Scottish Equitable Plc |
| More information | Fund factsheet |
This is a lifestyle fund which initially focuses on growth by investing in higher-risk funds. As you move closer to your retirement date they gradually and automatically move to funds designed to give you more certainty about the level of annuity (pension) you'll be able to buy when you retire.
Growth phase
The table below relates to the first stage of the lifestyle fund when you’re in the growth phase, the Aegon ASI Life Multi-Asset Lifestyle fund, which is when you're eight or more years away from retirement.
Please note, the factsheet below refers to the growth phase only.
| Objective | To achieve long-term returns from a diversified portfolio of assets. |
|---|---|
| ABI sector | Mixed Investment 40%-85% Shares |
| Fund manager’s benchmark | Composite of 40% FTSE All Share, 35% MSCI ACWI ex UK All Cap, 15% SONIA Overnight +4%, 10% Markit iBoxx Sterling Overall |
| Fund management team | Strategic Client Solutions |
| Total charge | 0.51%* |
| More information | Fund factsheet |
The Lifestyle stage
The table below shows the switching process that happens when you’re eight years from the start of your retirement year, and gives details at the start of each year leading up to retirement.
These switches are carried out on a predetermined basis and will happen automatically every month within the lifestyle fund. You won’t see the underlying fund names on your statements.
| Number of years until retirement | Aegon ASI Life Multi-Asset Lifestyle fund | SE Long Gilt | Cash fund (%)** |
|---|---|---|---|
| 8 | 100.0 | 0.0 | 0.0 |
| 7 | 87.5 | 12.5 | 0.0 |
| 6 | 75.0 | 25.0 | 0.0 |
| 5 | 62.5 | 37.5 | 0.0 |
| 4 | 50.0 | 50.0 | 0.0 |
| 3 | 37.5 | 56.5 | 6.0 |
| 2 | 25.0 | 63.0 | 12.0 |
| 1 | 12.5 | 69.5 | 18.0 |
| 0 | 0.0 | 75.0 | 25.0 |
When you reach your retirement date, and if you don’t take all your fund value as an income, you’ll be moved into the Scottish Equitable Retirement fund. Find out more about this fund on our website
| Objective | To achieve long-term returns from a diversified portfolio of assets. |
|---|---|
| ABI Sector | Mixed Investment 40%-85% Shares pension |
| Fund manager’s benchmark | Composite of 40% FTSE All Share, 35% MSCI ACWI ex UK All Cap, 15% SONIA Overnight +4%, 10% Markit iBoxx Sterling Overall |
| Fund management team | Strategic Client Solutions |
| Total charge | 0.51%* |
| More information | Fund factsheet |
| Objective | This fund aims to achieve long-term capital growth by investing in an actively managed portfolio of internationally diversified equities. |
|---|---|
| ABI Sector | Global Equities |
| Fund manager’s benchmark | ABI Global Equities |
| Fund management team | Aberdeen Global Equity team |
| Total charge | 0.44%* |
| More information | Fund factsheet |
| Objective | This fund aims to achieve long-term capital growth by investing in an actively managed portfolio of UK equities (shares). |
|---|---|
| ABI Sector | UK All Companies |
| Fund manager’s benchmark | FTSE All-Share Index |
| Fund management team | Aberdeen UK Equity team |
| Total charge | 0.40%* |
| More information | Fund factsheet |
| Objective | This fund seeks to generate a positive return through capital growth and some income over the long term (5 years or more) by investing in a globally diversified portfolio of assets whilst reducing the risk of losses, aiming to exceed the return on cash deposits (SONIA) by 5% per year over rolling five year periods (before charges). The fund invests directly in a broad range of assets from across the global investment universe, derivatives, money-market instruments and cash. The fund may also invest in other funds (including those managed by abrdn) to gain exposure to a broad mix of assets from across the global investment universe. The Aegon fund has higher charges than the underlying abrdn fund and will therefore be less likely to meet this target. |
|---|---|
| ABI Sector | Specialist pension |
| Fund manager’s benchmark | SONIA Overnight +5% |
| Fund management team | abrdn Diversified Assets team |
| Total charge | 0.81%* |
| More information | Fund factsheet |
This is a lifestyle fund which initially focuses on growth by investing in a diversified mix of investments which aim to deliver long term capital growth. As you move closer to your retirement date it gradually and automatically moves into less risky investments.
This first table relates to the first stage of the lifestyle fund when you’re in the growth phase, which is when you’re three or more years away from retirement.
| Objective | This fund uses a two-stage investment process called lifestyling. In the growth stage, it invests in the Aegon abrdn Diversified Growth fund, which aims to deliver long-term capital growth that remains steady over time. It's a fund of funds, which means it invests in a number of other investment funds, including funds managed by abrdn. It invests in a wide range of assets, including shares, bonds, property, commodities (such as fuels and precious metals) and currency, with a focus on high-growth areas of the world, including emerging market countries. Three years before the start of your target retirement year (the lifestyle stage), we'll progressively move you into less risky investments. We'll also move part of your investment into cash in the final two years to cater for your maximum tax-free cash entitlement, currently 25% of your pension pot. |
|---|---|
| ABI Sector | ABI Specialist |
| Fund manager’s benchmark | SONIA Overnight +5% |
| Fund management team | This fund is an Aegon Solution |
| Total charge | 0.81%* |
| More information | Fund factsheet |
The table below shows the switching process that happens when you’re three years from the start of your retirement year, and gives details at the start of each year leading up to retirement.
These switches are carried out on a predetermined basis and will happen automatically every month within the lifestyle fund. You won’t see the underlying fund names on your statements.
| Number of years until retirement | Aegon ASI Diversified Growth fund | Cash fund** |
|---|---|---|
| 3 | 100% | 0% |
| 2 | 92% | 8% |
| 1 | 83% | 17% |
| Retirement fund | 75% | 25% |
When you reach your retirement date, and if you don’t take all your fund value as an income, you’ll be moved into the Aegon ASI Diversified Growth Retirement fund.
| Objective | This fund is for investors in the Aegon abrdn Diversified Growth Lifestyle fund that have reached the end of the lifestyle stage and have passed their selected retirement date (SRD). We'll automatically switch investors into this fund on the 1 January of their SRD, until they tell us how they want to take their retirement benefits. This fund is designed for investors intending to draw an income from their pension savings, while keeping their portfolio invested when they retire. The fund invests 75% in the Aegon abrdn Diversified Growth fund and 25% in a cash fund. |
|---|---|
| ABI Sector | ABI Unclassified |
| Fund manager’s benchmark | N/A |
| Fund management team | This fund is an Aegon Solution. |
| Total charge | 0.69%* |
| More information | Fund factsheet |
| Objective | This fund aims to achieve long-term capital growth by investing directly or indirectly in emerging stock markets worldwide or companies with significant business activities in emerging markets. |
|---|---|
| ABI Sector | Global Emerging Markets Equities pension |
| Fund manager’s benchmark | MSCI Emerging Markets |
| Fund management team | Aberdeen Global Emerging Markets Equity team |
| Total charge | 0.48%* |
| More information | Fund factsheet |
You can find more details on these funds on their fund factsheet, which you can view by clicking on the fund factsheet link.
When selecting these funds online, and if you're part of the Aberdeen scheme, please choose the versions prefixed with an 'X'.
*You'll see a different total charge on the fund factsheet. The figure in this table is what scheme members pay after rebates. See the Charges and Additional expenses sections below for more details on what the total charge comprises of.
Charges
- Your payments are invested in funds that have an annual management charge (AMC) of 0.7%. This charge covers the costs of managing the fund and is calculated as a percentage of the value of the fund. When you use our online services, this is why you’ll see funds with an AMC of 0.7%.
- We'll apply a fund charge rebate of 0.35%. This reduces the AMC to 0.35% because we’ve added additional units to your plan.
We may vary these charges in future.
Additional expenses
Some investment funds also have additional expenses, for example additional costs to administer the fund. Any additional expenses are estimated because they depend on the actual expenses incurred by the underlying fund. What you actually pay may vary slightly from what we’ve detailed in our communications.
We regularly review the additional expenses for all of our funds as part of our commitment to provide a clear indication of costs to our customers.
You can get more information about these additional expenses on our website:
- The additional funds available to the Aberdeen Asset Management Scheme are detailed above.
- For our full fund range.
To view how these charges are applied to your plan log in to our online services.