From 18 January 2022, the Fund Charge* for Aegon LEBC Portfolios will increase. From this date, investors will start to notice the increase on their plan statements or via their online accounts.
We’ll be updating our literature with the changes gradually, so investors may notice both the old and new charges in use for a while.
* This is on top of any product or adviser charge and includes a fixed management fee plus expenses that vary with the day-to-day costs of running the fund.
Why the charge is changing
The underlying fund manager (Brooks Macdonald Asset Management Limited) have increased the annual management charge (AMC) for the underlying funds. As a result, the Fund Charge for the Aegon LEBC Portfolios have increased to reflect this. The differences can be found on the table below:
| Fund name | Fund Charge (until 17 January 2022) | Fund Charge (from 18 January 2022) |
|---|---|---|
| Aegon LEBC Portfolio 1 (ARC) | 0.53% | 0.59% |
| Aegon LEBC Portfolio 2 (ARC) | 0.77% | 0.87% |
| Aegon LEBC Portfolio 3 (ARC) | 0.76% | 0.86% |
| Aegon LEBC Portfolio 4 (ARC) | 0.76% | 0.85% |
| Aegon LEBC Portfolio 5 (ARC) | 0.75% | 0.84% |
| Aegon LEBC Portfolio 6 (ARC) | 0.74% | 0.83% |
| Aegon LEBC Portfolio 7 (ARC) | 0.73% | 0.82% |
| Aegon LEBC Portfolio 8 (ARC) | 0.72% | 0.80% |
| Aegon LEBC Portfolio 9 (ARC) | 0.72% | 0.79% |
| Aegon LEBC Portfolio 10 (ARC) | 0.71% | 0.78% |
What investors 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 find one in your area at moneyhelper.org.uk