From 30 September 2026, we'll be changing the risk ratings for some funds in the Aegon TargetPlan range. These changes apply across all share classes of the affected funds.
The risk ratings for TargetPlan funds are shown on our fund factsheets as the ‘Relative Risk Profile’. Each fund is rated on a scale of 1 to 7, where 1 is ‘very low’ and 7 is ‘very high’. Risk ratings used for other Aegon funds, or by other providers, may use different methods and should not be compared with these ratings. Be aware that even lower risk investments can fall in value.
This is for information only. You don’t need to do anything. Nothing else about the funds will change because of this update.
Why we're making the changes
We’ve reviewed the risk ratings of our funds to check if the risk of a fund has changed significantly. As a result, we’re making changes to the risk ratings for some of our TargetPlan funds.
The value of an investment can fall as well as rise and is not guaranteed. You could get back less than you invest.
The changes in more detail
You can access the funds split by Association of British Insurers (ABI) Sector and their old and new Relative Risk Profile in more detail below.
ABI sectors group together funds with similar types of investments. Funds are grouped based on the assets they invest in, for example company shares. This helps compare similar types of fund and investment strategies.
Sector | Fund Name | Current Risk Rating | Recommended Risk Rating |
|---|---|---|---|
ABI Flexible Investment | Aegon Blackrock Dynamic Diversified Growth (BLK) | 3 | 4 |
Aegon BlackRock Market Advantage Strategy (BLK) | 4 | 5 | |
ABI Global Fixed Interest | Aegon BlackRock Aquila Life Overseas Bond Index (BLK) | 3 | 4 |
ABI Sterling Corporate Bond | Aegon abrdn Life Corporate Bond | 3 | 4 |
Aegon BlackRock Corporate Bond (BLK) | 3 | 4 | |
Aegon BlackRock iShares Corporate Bond All-Stocks Index (BLK) | 2 | 4 | |
ABI Sterling Fixed Interest | Aegon TargetPlan Annuity Pathway | 2 | 4 |
UK Gilt | Aegon BlackRock Up To 5 Years UK Gilt Index (BLK) | 2 | 4 |
ABI Sterling Long Bond | Aegon BlackRock Over 15 Years Corporate Bond Index (BLK) | 3 | 4 |
ABI UK All Companies | Aegon BlackRock UK Equity Index Tracker (BLK) | 5 | 6 |
Aegon BlackRock ACS UK Equity Index (BLK) | 5 | 6 | |
Aegon LGIM UK Equity Index (BLK) | 5 | 6 | |
Aegon Russell UK Equity (BLK) | 5 | 6 | |
ABI UK Index-linked Gilts | Aegon BlackRock iShares Over 5 Year Index-Linked Gilt Index (BLK) | 2 | 4 |
ABI Global Equities | Aegon Baillie Gifford Positive Change (BLK) | 6 | 5 |
Aegon HSBC Developed World Lower Carbon ESG Tilt Equity Index (BLK) | 6 | 5 | |
Aegon LGIM Low Carbon Transition GBP Hedged Global Equity Index (RC) (BLK) | 6 | 5 | |
Aegon BlackRock ACS World (ex-UK) Equity Index (BLK) | 6 | 5 | |
Aegon BlackRock Aquila Life Currency Hedged World (Ex UK) Equity In | 6 | 5 | |
Aegon BlackRock Global Minimum Volatility Index (BLK) | 6 | 5 | |
Aegon BlackRock MSCI World Index (BLK) | 6 | 5 | |
Aegon Global Equity | 6 | 5 | |
Aegon HSBC Developed World Lower Carbon ESG Tilt Equity (DCP) | 6 | 5 | |
Aegon LGIM Future World Global Equity Index GBP Currency Hedged | 6 | 5 | |
Aegon LGIM Low Carbon Transition Developed Markets Equity Index | 6 | 5 | |
Aegon LGIM Low Carbon Transition Global Equity Index (RC) (BLK) | 6 | 5 | |
ABI Mixed Investment 40-85% Shares | Aegon BNY Mellon Multi-Asset Global Balanced (BLK) | 5 | 4 |
Sector | Fund Name | Current Risk Rating | Recommended Risk Rating |
|---|---|---|---|
ABI Mixed Investment 20-60% Shares | Aegon Global Sustainable Multi-Asset Growth (AMT) | 5 | 4 |
We’ll update our literature and our website as soon as we can. You may still find information with older ratings on this site, (for example, on fund factsheets).
More information about the funds can be found on our ‘Fund prices and performance’ page on our website and selecting ‘TargetPlan funds’.
If you’d like more information, please speak to your financial adviser. If you don’t have one, you can visit moneyhelper.org.uk/choosing-a-financial-adviser to find the right one for you.