From 31 March 2022, the additional expenses for the Aegon Baillie Gifford Multi Asset Growth (BLK) fund will increase by 0.14% across all share classes.
Investors will start to notice the increase on their plan statements or via their online account from this date. You can check the annual management charge (AMC) for the investment funds available to your Plan by logging onto TargetPlan and selecting ‘Fund Information’ from the Dashboard.
Why the additional expenses are changing
Baillie Gifford, the underlying fund manager of the Aegon Baillie Gifford Multi Asset Growth (BLK) fund, has made us aware it’s making changes to comply with new guidance from the Department of Work and Pensions (DWP).
The Aegon Baillie Gifford Multi Asset Growth (BLK) fund invests in a wide range of assets including investment trusts. Previously the additional expenses disclosed for the fund did not include the indirect fees associated with investment trusts, however they will now be taken into account. As a result, the additional expenses for fund will increase.
However, it’s important to be aware that as the indirect fees have always applied, the actual charge investors pay will not increase, only the way we show it on the fund factsheet, plan statements and via online accounts.
Nothing else about the fund will change as a result of this; for example, the fund’s aim and objective, TargetPlan risk profile and fund manager will all remain the same.
What this means for investors
Investors may notice this change in our literature and on our website from 31 March 2022. The change will be implemented gradually across our material, so investors may notice both the old and new information in use for a time.
What you need to do
Existing investors don’t need to do anything. If you’d like more information, please speak to your financial adviser. 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.