From 30 June 2025, we’re updating the benchmark for four funds managed by BlackRock across our insured pension and Aegon Retirement Choices (ARC) fund ranges.
Nothing else about the funds will change because of this.
The changes in more detail
Benchmark changes
Benchmarks are used to measure a fund’s performance against similar types of investments, similar markets or regions. Some funds aim to track, or match the performance, of a chosen a benchmark.
The underlying fund manager, BlackRock, tracks Environmental, Social and Governance (ESG) benchmarks for some of their funds. We’re updating our version of these funds to better reflect the underlying funds.
You can see details of the old and new benchmarks by selecting the fund range below:
Fund name |
Old fund benchmark |
New fund benchmark |
|---|---|---|
| Aegon BlackRock 40/60 Global Equity Tracker Lifestyle | Composite Index: 60% FTSE Developed ex UK / 40% FTSE All Share | Composite Index: 60% FTSE Developed ex UK Custom ESG Screened Index / 40% FTSE All Share Custom ESG Screened Index |
Aegon BlackRock 75/25 Equity and Bond Tracker Lifestyle
|
Composite Index: 55% FTSE All Share / 15% FTSE Actuaries UK Conventional Gilts |
Composite Index: 55% FTSE All Share Custom ESG Screened Index / 15% FTSE Actuaries UK Conventional Gilts |
Source: Aegon UK
A ‘composite index’ benchmark is made up of more than one index or market.
Fund name |
Old fund benchmark |
New fund benchmark |
|---|---|---|
| Aegon BlackRock 40/60 Global Equity Tracker (ARC) | Composite Index: 60% FTSE Developed ex UK / 40% FTSE All Share | Composite Index: 60% FTSE Developed ex UK Custom ESG Screened Index / 40% FTSE All Share Custom ESG Screened Index |
Aegon BlackRock 75/25 Equity and Bond Tracker (ARC)
|
Composite Index: 55% FTSE All Share / 15% FTSE Actuaries UK Conventional Gilts Over 15 Years / 10% FTSE Actuaries UK Index-Linked Gilts Over 5 Years / 6.67% FTSE USA / 6.67% FTSE Developed Europe ex-UK / 3.33% FTSE Developed Asia Pacific ex Japan / 3.33% FTSE Japan
|
Composite Index: 55% FTSE All Share Custom ESG Screened Index / 15% FTSE Actuaries UK Conventional Gilts Over 15 Years / 10% FTSE Actuaries UK Index-Linked Gilts Over 5 Years / 6.67% FTSE USA Custom ESG Screened Index / 6.67% FTSE Developed Europe ex-UK Custom ESG Screened Index / 3.33% FTSE Developed Asia
|
Source: Aegon UK
We’ll update our literature and our website as soon as we can, but investors may notice the old and new information in use for a time (for example on our fund factsheets).
You can find more information about these funds in the fund factsheets on the Fund prices and performance page on our website by selecting either:
There’s no guarantee the funds will meet their objectives. The value of an investment can fall as well as rise and is not guaranteed. Investors could get back less than they pay in.
What current investors need to do
Existing investors don’t need to do anything.
If you’re invested in any of these funds, please speak to a financial adviser if you’re not sure what these changes mean for you. If you don’t have a financial adviser, you can visit moneyhelper.org.uk/choosing-a-financial-adviser to find the right one for you.