From 31 March 2023, we updated the fund objective for the Property fund across our insured Pension, Life and Aegon Retirement Choices (ARC) fund ranges.
A fund objective describes what the fund aims to achieve for investors.
Nothing else about the fund has changed.
The change in more detail
We’ve updated the fund objective to clarify how the fund is managed and to include Environmental, Social and Governance (ESG) considerations as part of the investment strategy.
Details in the table below:
|Existing fund objective
||New fund objective
|The fund aims to maximise returns through capital and rental growth and outperform the ABI UK Direct Property sector median over a rolling three-year period. It can invest directly in UK office, retail and industrial property and can invest up to 15% in property related equities (shares). The fund may, from time to time, hold a significant amount in cash.
||The fund aims to maximise returns through capital and rental growth and outperform the ABI UK Direct Property sector median over a rolling three-year period. It does so by investing in a diversified portfolio of physical UK real estate assets and can invest up to 15% in property related equities (shares). The fund may, from time to time, hold a significant amount in cash. The fund manager will adopt an investment approach which aims to deliver positive financial, environmental, and social outcomes, subject to the fund’s investment restrictions.
Source: Aegon UK
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 has been paid in.
What this means for you
We’ll update our literature and our website as soon as we can, but you may notice the old and new objective in use for a time.
You can find more information on these funds and view the fund factsheets via the ‘Fund prices and performance page’ and selecting either ‘Other fund ranges’ or ‘Aegon Retirement Choices’.
What current investors need to do
Existing investors don’t need to do anything. Please speak to a financial adviser if you’re not sure about what these changes mean for you. If you don’t have a financial adviser, you can visit moneyhelper.org.uk/choosing-a-financial-adviser to find the right one for you.