From 30 November 2023, we’re updating the fund objective for the Technology fund across our insured Pension, Life and Aegon Retirement Choices (ARC) fund ranges.

The change in more detail

The fund objective explains how the fund invests and what it’s trying to achieve for investors. The old and new objectives are in the table below with the changes highlighted in the new objective.

Why we’re changing the objective

The fund previously only invested in technology companies that were part of the MSCI World Information Technology (IT) Index. Now, it will also be able to invest in technology companies from other sectors outside of the Index.

We believe being able to choose from a wider range of companies will help the fund manage risk and support our aim to deliver better customer outcomes. However, there’s no guarantee the fund will meet its objectives.


Old fund objective

New fund objective

A specialist equity fund that aims to perform broadly in line with the MSCI World IT index, net of fees, by investing in companies involved in technology-intensive industries around the world.

The fund may have a bias towards companies listed on US stock markets.


A specialist equity fund that aims to outperform the MSCI World IT Index, net of fees by investing in a global portfolio of companies from within the Index or other companies that research, design, and develop technology from any sector.

The fund may have a bias towards companies listed on US stock markets.

The fund will be relatively concentrated, and holdings and returns may differ materially from the Index.

Source: Aegon UK

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 as soon as we can, but investors may notice the old and new information in use for a time.

More information about this fund can be found on the ‘Fund prices and performance’ page on our website and selecting either ‘Other fund ranges’, or  ‘Aegon Retirement Choices (ARC)’ .

What current investors need to do

Existing investors don’t need to do anything. 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 to find the right one for you.