On 25 June 2026, we’re closing the Scottish Equitable Jupiter European Special Situations fund, available as part of our insured Pension and Aegon Retirement Choices (ARC) fund ranges.
When the fund closes, we’ll move investors into the Scottish Equitable BlackRock European Dynamic 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 Scottish Equitable Jupiter European Special Situations 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 25 June 2026, we’ll move their investment and all future investment into the Scottish Equitable BlackRock European Dynamic fund, free of any switch charge.
There’s more information in the table below:
Closing fund |
Alternative fund |
|---|---|
Scottish Equitable Jupiter European Special Situations |
Scottish Equitable BlackRock European Dynamic |
Total Charge1 (for Pension investors) |
|
2.00% |
1.92% |
Fund Charge2 (for ARC investors) |
|
1.00% |
0.92% |
Scottish Equitable BlackRock European Dynamic |
|
This fund aims for long-term capital growth (over 5 or more consecutive years beginning at the point of investment) by investing mainly in the shares of companies incorporated or listed in Europe excluding the UK. The manager focuses on stocks, which exhibit either growth or value characteristics and will choose one or the other depending on which they believe the market will favour. It may also invest in collective investment schemes |
|
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.
You can find more information about this fund in the fund factsheet on the ‘Fund prices and performance’ page of our website by viewing ‘Other fund ranges’ or ‘Aegon Retirement Choices (ARC)’ and 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.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.