In 2019, the Financial Conduct Authority (FCA) released guidelines with the aim of making fund objectives and the use of benchmarks clearer and easier to understand.

Over the course of 2020, some underlying fund managers updated the fund objectives and/or fund benchmarks of underlying funds. To make sure our funds are consistent, we’ve updated our Aegon fund objectives in line with these updates.

You can find a list of revised objectives in the PDFs below. They’re split out into separate documents for each of our fund ranges.

How this will affect investors

The changes detailed below don’t change the way any fund is managed and are for clarification only, for example the fund manager, charges and Aegon risk ratings/profiles won’t change due to these updates.

You’ll start to notice these changes in our literature and on our website gradually, so you may notice both the old and new information in use for a time.

There’s no guarantee the funds will meet their objectives. The value of an investment can fall as well as rise and isn’t guaranteed. Investors could get back less than they originally invested.

What investors need to do

Existing investors don’t need to do anything. Please speak to a financial adviser if you’re unsure about what these changes means for you. If you don’t have one, you can find one in your area at

The changes in more detail

Full list of impacted Pension and Life funds

Full list of impacted ARC funds 

Full list of impacted TargetPlan funds