From 1 July 2021, we’ve made the following changes to the Scottish Equitable Baillie Gifford Diversified Growth fund:

  • The Total Charge* for pension investors decreased from 1.68% to 1.54%.
  • The Fund Charge** for ARC investors decreased from 0.68% to 0.54%.

*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. Investors may pay a different product charge.

**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.

Investors will start to notice the reduction in charges on our fund factsheets, their plan statements or via their online account from 1 July 2021.

Nothing else about the fund has changed because of this. The fund’s aim and objective, fund manager and Aegon risk rating will remain the same.

We’ll update our literature gradually, so you may notice the old and new information in use for a time.

Why has the charge reduced?

The underlying fund manager, Baillie Gifford, has reduced the fees it charges on the underlying fund.  

For more information on the fund, you can view the relevant fund factsheet via the ‘Fund prices and performance’ page on our website and selecting either ‘Other fund ranges’ or ‘Aegon Retirement Choices (ARC)’.

What this means for investors

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