On 10 November 2026, we’re closing the Aegon BlackRock 30/70 Equity and Bond Tracker fund, available as part of our insured Pension, Aegon Retirement Choices (ARC) and One Retirement (AOR) fund ranges.
When the fund closes, we’ll move investors into the Cautious Core Portfolio fund, unless they tell us to move it to a different fund before then.
We’re writing to all those affected to let them know about the closure.
Why we’re closing the fund
As part of our fund governance process, we regularly monitor and refine our fund ranges. The Aegon BlackRock 30/70 Equity and Bond Tracker fund hasn’t grown in size as we’d expected, so we’ve decided to close the fund.
What this means for investors
Until the fund closes, investors can stay invested in it. Then, on 10 November 2026, we’ll move their investment and all future investment into the Cautious Core Portfolio fund, free of any switch charge.
There’s more information in the table below:
| Closing fund | Alternative fund |
|---|---|
Aegon BlackRock 30/70 Equity and Bond Tracker |
Cautious Core Portfolio |
Total Charge1 (for insured Pension investors) |
|
1.02% |
1.02% |
Fund Charge2 (for ARC/AOR investors) |
|
0.12% |
0.26% |
Aegon Risk Rating3 (for insured Pension/ARC/AOR investors) |
|
Low risk |
Below average |
Cautious Core Portfolio fund objective |
|
This portfolio aims to provide long-term capital growth while keeping risk in a target volatility range of 5.25-9.25% over a market cycle, which the fund manager defines as being three years or more. The portfolio is built using a collection of low-cost funds that aim to perform in line with their regional benchmarks, by investing in the same companies as them, in the same proportions. The fund invests in assets traditionally viewed as lower risk, including investment grade corporate bonds, government bonds (gilts) and cash. It will also invest to a lesser extent in riskier assets, including developed and emerging markets equities. To be consistent with the target volatility range, the fund would typically be expected to invest between 20-50% in equities. The underlying assumptions that support the volatility and equity ranges are at the fund manager's discretion and are subject to change. This is the second least risky of the Core Risk Profile Portfolios, so it may not return as much as other funds in the range over the longer term. |
|
Source: Aegon UK
1This 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, in which case the Total Charge will be different.
2This 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.
3The Aegon risk rating aims to give investors a view of relative risk using a predefined scale set out by Aegon. The rating is not an industry standard, and it has no relevance or relationship to the fund risk rating of other providers. Find out more about our risk ratings.
You can find more information about this fund in the fund factsheet on ‘Fund prices and performance’ and selecting either ‘Other fund ranges’ or ‘Aegon Retirement Choices (ARC)’ then searching for the fund name.
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’ve paid in.
What current investors need to do
If current investors are happy for their investment to move to the alternative fund, they don’t need to do anything. However, if investors feel that this fund isn’t suitable for them, they can move their investment with no switch charge, into a different fund or funds by logging into their online account.
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 or find out more about advice services supported by Aegon by visiting Origen Financial Services.
Origen Financial Services Ltd is wholly owned by Aegon UK plc but operates independently to us.