From 31 December 2022, we’re making changes to our Select Portfolios across our pension and Aegon Retirement Choices (ARC) fund ranges.
Why we’re making these changes
Each portfolio has a target volatility range that it expects to meet over a market cycle, which can last three years or more. Since the assumptions used to calculate those targets were last updated in 2020 market volatility has changed as well as the assumptions used to calculate the targets. As a result, the target range for each portfolio has been updated. You can see the old and new fund objectives in the table below.
What this means for investors
Nothing else about the funds is changing. The changes will be implemented gradually across our material from 31 December 2022, so you may notice both the old and new information in use for a time.
For more information on these funds, you can view individual fund factsheets via the 'Fund prices and performance’ page on our website and selecting 'Other fund ranges’ or 'Aegon Retirement Choices (ARC)’.
What investors need to do
You don’t need to do anything. If you’d like more information, please speak to your financial adviser. If you don’t have one, you can find one in your area at moneyhelper.org.uk/choosing-a-financial-adviser