This update affects our insured Life fund range
From 27 November 2025, we’re making some changes to the Scottish Equitable Baillie Gifford Stockmarket Managed fund.
The changes in more detail
From the date above we’re:
· Updating the fund objective and benchmark
· Changing the name of the fund from the Scottish Equitable Baillie Gifford Stockmarket Managed to the Aegon Baillie Gifford 60/40 Worldwide Equity fund
· Reducing the charges investors pay
Fund objective and benchmark
We’re also updating the fund objective and benchmark. The fund objective explains how the fund invests and what it’s trying to achieve for investors. Benchmarks are used to measure a fund’s performance against similar types of investments, similar markets or regions.
Name of the fund
We’re changing the name to better reflect how the fund invests.
Why we’re making these changes
The fund currently invests in two underlying funds and we’re changing this, so it invests in just one underlying fund. This change is designed to make the fund easier to manage while continuing to follow its investment strategy.
Details are in the table below:
| Old fund name | New fund name |
|---|---|
| Scottish Equitable Baillie Gifford Stockmarket Managed | Aegon Baillie Gifford 60/40 Worldwide Equity |
| Old fund objective | New fund objective |
| The fund aims to achieve long-term capital growth by investing in both UK and international equities through the Baillie Gifford UK Equity Alpha fund and Baillie Gifford International fund. | This fund invests in an internationally diversified portfolio of 60% UK and 40% overseas equities (shares) and aims to outperform its benchmark by at least 1% a year (after charges) over rolling five-year periods. The fund will invest at least 90% directly or indirectly in shares of UK and overseas companies of any size and in any sector, with a bias to UK companies. Any indirect investment will be through collective investment schemes. |
| Old benchmark | New benchmark |
| 60% FTSE All Share / 40% MSCI World ex UK | 60% FTSE All Share / 11.2% FTSE World Europe ex UK / 11.2% FTSE World North America / 11.2% MSCI Pacific / 6.4% MSCI Emerging Markets |
| Old Total Charge* | New Total Charge* |
| 1.36% | 1.31% |
Source: Aegon UK
*This includes a standard 1% product charge, a fixed management fee and expenses that vary with the day-to-day costs of running the fund. You may pay a different product charge in which case the Total Charge will be different.
There’s no guarantee the fund will meet its 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.
We’ll update our literature and our website from 27 November 2025, but you may notice the old and new information in use for a time, for example on our fund factsheets.
You can find more information about this fund in the fund factsheet on the ‘Fund prices and performance’ page on our website selecting ‘Other fund ranges’ and searching for the fund name.
What current investors need to do
Existing investors don’t need to do anything.
If you’re invested in this fund, 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.org.uk/choosing-a-financial-adviser or find out more about advice services supported by Aegon by visiting aegon.co.uk.origen.
Origen Financial Services Ltd is wholly owned by Aegon UK plc but operates independently to us.