From 30 April 2021, we’re updating the Fund Charge* for the Aegon AM Ethical Equity (AOR) and Aegon AM Global Equity Income (AOR) funds, available via our Aegon One Retirement (AOR) fund range.
Investors will start to notice the reduction in charges on our fund factsheets, their plan statements or via their online account.
*This is on top of any product or adviser charge you pay and includes a fixed management fee plus expenses that vary with the day to day costs of running the fund.
Why the charges have reduced
We regularly review our funds as part of our commitment to provide value for money for our customers. As part of this ongoing review, we’re updating the Annual Management Charge (AMC) for these funds (more information on this can be found here). As a result, the Fund Charges have reduced.
The old and new Fund Charges are shown in the table below:
||Old Fund Charge
||New Fund Charge
|Aegon AM Ethical Equity (AOR)
|Aegon AM Global Equity Income (AOR)
Source: Aegon UK
What this means for investors
Existing investors don’t need to do anything. There are no other changes to the funds and the charge reductions have been applied automatically. The fund objectives and Aegon risk ratings have remained the same.