On 19 January 2027, we’re closing the Aegon LEBC Portfolio (ARC) funds, available as part of our Aegon Retirement Choices (ARC) fund range.
When the funds close, we’ll move investors into an alternative fund we’ve chosen, unless they tell us to move it to a different fund before then.
We’re writing to all those affected to let them know about the closures.
The funds affected
The funds closing are:
- Aegon LEBC Portfolio 1 (ARC)
- Aegon LEBC Portfolio 2 (ARC)
- Aegon LEBC Portfolio 3 (ARC)
- Aegon LEBC Portfolio 5 (ARC)
- Aegon LEBC Portfolio 9 (ARC)
- Aegon LEBC Portfolio 10 (ARC)
Why we’re closing the funds
As part of our fund governance process, we regularly monitor and refine our fund ranges. The Aegon LEBC Portfolio (ARC) funds haven’t grown in size as we’d expected, so we’ve decided to close them.
What this means for investors
Until the funds close investors can stay invested. Then, on 19 January 2027, we’ll move their investment in the closing fund and all future investment into the alternative fund listed below, unless they tell us to move it to a different fund before then.
There’s more information in the tables below.
Closing fund | Alternative fund |
|---|---|
Aegon LEBC Portfolio 1 (ARC) | Aegon Risk-Managed 1 (ARC) |
Aegon Risk-Managed 1 (ARC) fund objective | |
The fund aims to achieve capital growth (after charges) over rolling five-year periods whilst managing risk. It is designed for investors who have a minimal tolerance for risk and strongly value preserving capital as a priority over capital growth with the understanding that returns may not match inflation. It does this by regularly reviewing its mix of investments and making adjustments to keep the fund within its risk level. Although risk is actively managed, it doesn’t mean there’s no risk and the fund could still experience falls in value. The fund invests mainly (between 32%-95%) in fixed interest securities including corporate and government bonds. It can also invest between 5%-35% in equities (company shares) and between 0%-33% in money market funds. It will gain access to this mix through various index tracker funds, except for the cash investments. | |
Fund Charge1 | |
0.64% | 0.26% |
Risk rating2 | |
Low | Low |
Closing fund | Alternative fund |
|---|---|
Aegon LEBC Portfolio 2 (ARC) | Aegon Risk-Managed 1 (ARC) |
Aegon Risk-Managed 1 (ARC) fund objective | |
The fund aims to achieve capital growth (after charges) over rolling five-year periods whilst managing risk. It is designed for investors who have a minimal tolerance for risk and strongly value preserving capital as a priority over capital growth with the understanding that returns may not match inflation. It does this by regularly reviewing its mix of investments and making adjustments to keep the fund within its risk level. Although risk is actively managed, it doesn’t mean there’s no risk and the fund could still experience falls in value. The fund invests mainly (between 32%-95%) in fixed interest securities including corporate and government bonds. It can also invest between 5%-35% in equities (company shares) and between 0%-33% in money market funds. It will gain access to this mix through various index tracker funds, except for the cash investments. | |
Fund charge1 | |
0.95% | 0.26% |
Risk rating2 | |
Below average | Low |
Closing fund | Alternative fund |
|---|---|
Aegon LEBC Portfolio 3 (ARC) | Aegon Risk-Managed 2 (ARC) |
Aegon Risk-Managed 2 (ARC) fund objective | |
The fund aims to achieve capital growth (after charges) over rolling five-year periods whilst managing risk. It is designed for investors who have a low tolerance for risk and value preserving capital as a priority over capital growth over the long-term. It does this by regularly reviewing its mix of investments and making adjustments to keep the fund within its risk level. Although risk is actively managed, it doesn’t mean there’s no risk and the fund could still experience falls in value. The fund invests between 22%-80% in fixed interest securities including corporate and government bonds. It can also invest between 20%-50% in equities (company shares) and between 0%-28% in money market funds. It will gain access to this mix through various index tracker funds, except for the cash investments. | |
Fund Charge1 | |
0.95% | 0.26% |
Risk rating2 | |
Below average | Below average |
Closing fund | Alternative fund |
|---|---|
Aegon LEBC Portfolio 5 (ARC) | Aegon Risk-Managed 3 (ARC) |
Aegon Risk-Managed 3 (ARC) fund objective | |
The fund aims to achieve capital growth (after charges) over rolling five-year periods whilst managing risk. It is designed for investors who have a below average tolerance for risk and value a balance between preserving capital and achieving some capital growth over the long-term. It does this by regularly reviewing its mix of investments and making adjustments to keep the fund within its risk level. Although risk is actively managed, it doesn’t mean there’s no risk and the fund could still experience falls in value. The fund invests in a balanced portfolio of fixed interest securities (between 9%-65%) including corporate and government bonds, between 35%-65% in equities (company shares) and between 0%-26% in money market funds. It will gain access to this mix through various index tracker funds, except for the cash investments. | |
Fund Charge1 | |
0.94% | 0.26% |
Risk rating2 | |
Average | Below average |
Closing fund | Alternative fund |
|---|---|
Aegon LEBC Portfolio 9 (ARC) | Aegon Risk-Managed 6 (ARC) |
Aegon Risk-Managed 6 (ARC) fund objective | |
The fund aims to achieve capital growth (after charges) over rolling five-year periods whilst managing risk. It is designed for investors who have high tolerance for risk, are seeking to maximise capital growth over the long-term and are comfortable with the potential for significant and sustained falls in value. It does this by regularly reviewing its mix of investments and making adjustments to keep the fund within its risk level. Although risk is actively managed, it doesn’t mean there’s no risk and the fund could still experience falls in value. The fund invests in a portfolio of mainly (between 80%-100%) equities (company shares). It can also invest in fixed interest securities (between 0%-20%) including corporate and government bonds and between 0%-20% in money market funds. It will gain access to this mix through various index tracker funds, except for the cash investments. | |
Fund Charge1 | |
0.92% | 0.26% |
Risk rating2 | |
Above average | Above average |
Closing fund | Alternative fund |
|---|---|
Aegon LEBC Portfolio 10 (ARC) | Aegon Risk-Managed 6 (ARC) |
Aegon Risk-Managed 6 (ARC) fund objective | |
The fund aims to achieve capital growth (after charges) over rolling five-year periods whilst managing risk. It is designed for investors who have high tolerance for risk, are seeking to maximise capital growth over the long-term and are comfortable with the potential for significant and sustained falls in value. It does this by regularly reviewing its mix of investments and making adjustments to keep the fund within its risk level. Although risk is actively managed, it doesn’t mean there’s no risk and the fund could still experience falls in value. The fund invests in a portfolio of mainly (between 80%-100%) equities (company shares). It can also invest in fixed interest securities (between 0%-20%) including corporate and government bonds and between 0%-20% in money market funds. It will gain access to this mix through various index tracker funds, except for the cash investments. | |
Fund Charge1 | |
0.92% | 0.26% |
Risk rating2 | |
Above average | Above average |
Source: Aegon UK
1This is on top of any product or adviser charge and includes a fixed management fee, plus expenses that vary with the day-to-day costs of running the fund.
2The Aegon risk rating aims to give investors a view of relative risk using a predefined scale set out by Aegon. The rating is not an industry standard, and it has no relevance or relationship to the fund risk rating of other providers. Find out more about our risk ratings.
The fund factsheets for the new funds will be available from 31 January 2027 on ‘Fund prices and performance’. Select ‘Aegon Retirement Choices’ then search for the fund name. As these are newly launched funds, performance data will be available after 12 months.
There’s no guarantee the fund will meet its objective. The value of an investment can fall as well as rise and is not guaranteed. You could get back less than you invest.
What current investors need to do
If current investors are happy for their investment to move to the alternative fund(s), they don’t need to do anything. However, if investors feel that this fund isn’t suitable for them, they can move their investment with no switch charge into a different fund or funds by logging into their online account.
You should speak to your financial adviser in the first instance if you need advice about your investments. There’s likely to be a charge for this. If you don’t have a financial adviser, you can find one in your area by visiting Moneyhelper or find out more about advice services supported by Aegon by visiting Origen Financial Services.
Origen Financial Services Ltd is wholly owned by Aegon UK plc but operates independently to us.