On 22 July 2026, we’re closing the Aegon BlackRock Developed Markets Sustainable Equity (BLK) fund, available as part of our Aegon TargetPlan fund range across all share classes.
When the fund closes, we’ll move investors into the Aegon BlackRock ACS World ESG Insights Equity 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
The underlying fund manager, BlackRock, have decided to close the underlying fund so we’re closing our version of the fund.
More about the Aegon BlackRock ACS World ESG Insights Equity fund
We’ve chosen this fund as we believe it’s the most broadly similar fund in our fund range in terms of where it invests and what it aims to do.
The fund aims to provide exposure to companies within the FTSE Developed World Index (Index) that meet the environmental, social and governance (ESG) criteria of the underlying fund manager. It aims to achieve these ESG related aims whilst balancing the return and risk profile of the fund in line with the Index. The fund seeks to provide a return (before charges) on your investment and maintain a risk profile that is similar to that of the Index. It will invest in equity securities (company shares) of companies within the Index or proxies (i.e. securities used as substitutes for equity securities of companies within the Index). The fund may also invest in equity-related securities (other investments whose value is related to equities), money market instruments, cash and other funds (including exchange traded funds).
The value of an investment can fall as well as rise and isn’t guaranteed. The value of your pension pot when you come to take benefits may be less than has been paid in.
As this is a newly launched fund, performance data will be available after 12 months. The fund factsheet for the new fund will be available from 31 August 2026 on the ‘Fund prices and performance’ page of our website.
Select ‘TargetPlan funds’ then search for the fund name.
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