On 22 September 2026, we’re closing the Aegon Mercer Governed Portfolio V (ARC) fund available as part of our Aegon Retirement Choices (ARC) fund range.
When the fund closes, we’ll move investors into the Aegon Mercer Governed Portfolio IV (ARC) 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 Mercer Governed Portfolio V (ARC) 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 22 September 2026, we’ll move their investment in the closing fund and all future investment into the Aegon Mercer Governed Portfolio IV (ARC) fund, unless they tell us to move it to a different fund before then.
We’re currently making some changes to the Aegon Mercer Governed Portfolio IV (ARC) fund. The fund charge and fund objective information below is based on the updated fund details, which will take effect from 17 September 2026.
There’s more information in the table below:
Closing fund |
Alternative fund |
|---|---|
Aegon Mercer Governed Portfolio V (ARC) |
Aegon Mercer Governed Portfolio IV (ARC) |
Aegon Mercer Governed Portfolio IV (ARC) fund objective |
|
This fund aims for a balance between growth and capital preservation over the medium to long term to suit someone with a high tolerance for risk. It does this by investing in a mix of equities (company shares), government and corporate bonds (loans to governments and companies) and cash. It will gain access to this mix through various underlying funds managed by Mercer, except for the cash investments. Mercer Ltd has selected the underlying funds, which are managed by another Mercer company, for which it receives a fee. This is paid from the funds’ annual charges and is not an additional cost. |
|
Fund Charge1 |
|
0.26% |
0.18% |
Source: Aegon UK
1This 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.
You can find more information about this fund in the fund factsheets on the ‘Fund prices and performance’ page. Select ‘Aegon Retirement Choices (ARC)’ and search 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
Current investors 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.