On 28 October 2025, we’re closing the Aegon Schroders Life Intermediated Diversified Growth (BLK) fund, available as part of our Aegon TargetPlan fund range across all share classes.
To prepare for this, on or around 24 October 2025, we’ll move any remaining investors into the Aegon Insight Broad Opportunities (BLK) fund.
We’re writing to 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 Schroders Life Intermediated Diversified Growth (BLK) fund hasn’t grown in size as we’d expected, so we’ve decided to close the fund.
More about the Aegon Insight Broad Opportunities (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 deliver attractive positive long-term returns. The Fund is a diversified growth vehicle which employs a dynamic asset allocation strategy across a broad range of assets, some of which may be accessed via funds considered by Insight as 'best of breed', which are sourced internally and externally*. In order to achieve this investment objective, the Fund invests in the Insight Broad Opportunities Fund, a UCITS compliant fund. *sourced internally and externally of Insight Investment Management (Global) Limited, the third party fund manager.
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.
For more information you can view the fund factsheet on the ‘Fund prices and performance’ page’ by selecting ‘TargetPlan funds’ and searching 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 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.org.uk/choosing-a-financial-adviser 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.