On 23 July 2026, we’re closing the Aegon BlackRock Market Advantage Strategy (BLK) fund, available as part of our Aegon TargetPlan fund range across all share classes.
To prepare for this, on or around 21 July 2026, we’ll move any remaining investors into the Aegon BlackRock Market Advantage (BLK) fund.
We’re writing to 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 Market Advantage (BLK) 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 achieve capital growth and income which exceeds a composite benchmark of 30% MSCI All Country World Index with Developed Markets 100% Hedged to GBP and 70% Bloomberg Global Aggregate Index (GBP Hedged) (before charges) over a period of at least five consecutive years. The fund invests globally in any or all of the following asset classes: equities (company shares), fixed income securities (bonds), permitted money-market instruments (debt instruments with short-term maturities), permitted deposits, cash, other funds and derivatives. The fund may vary (without limit) the extent to which it invests in these asset classes, depending on market conditions and other factors at the fund manager's discretion.
There’s no guarantee the fund will meet its objective. The value of an investment can fall as well as rise and isn’t guaranteed. Investors could get back less than they invest.
You can find more information about this fund in the fund factsheet at aegon.co.uk/factsheets
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 switch their investment and redirect any future investment, free of any switch charge, into an alternative fund or funds of their choice.
If current investors wish to do this, they can view the funds available to their plan by logging into TargetPlan, selecting ‘Fund Information’ from the Dashboard and selecting the ‘Switch funds‘ button to make the switch.
You should speak to a financial adviser 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.