On 16 November 2023, we’re reducing the charges on the Scottish Equitable Schroder UK Alpha Plus fund, across our insured Pension, Life and Aegon Retirement Choices (ARC) fund ranges.
Nothing else about these funds will change because of this.
The changes in more detail
The underlying fund manager, Schroders are reducing the charge for this fund. As a result, we’re also reducing the charges on our versions of the fund.
Details of the changes including the old and new charges are in the tables below:
Pension fund:
Mnemonic (fund identifier) |
Fund name |
Old Total Charge1 (%) |
New Total Charge1 (%) | Change (%) |
XSA |
Scottish Equitable Schroder UK Alpha Plus |
1.85 |
1.78 |
-0.07 |
Source: Aegon UK
Life fund:
Mnemonic (fund identifier) |
Fund name |
Old Total Charge1 (%) |
New Total Charge1 (%) |
Change (%) |
XSA |
Scottish Equitable Schroder UK Alpha Plus |
1.85 |
1.78 |
-0.07 |
Source: Aegon UK
1 This includes a standard 1% product charge, a fixed management fee and expenses that vary with
the day-to-day costs of running the fund. You may pay a different product charge.
Aegon Retirement Choices (ARC)
Mnemonic (fund identifier) |
Fund name |
Old Fund Charge2 (%) |
New Fund Charge2 (%) |
Change (%) |
ZIH |
Scottish Equitable Schroder UK Alpha Plus (ARC) |
0.85 |
0.78 |
-0.07 |
Source: Aegon UK
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.
The value of an investment can fall as well as rise and is not guaranteed. Investors could get back less than they invest.
We’ll update our literature as soon as we can, but you may notice the old and new information in use for a time.
You can find more information about this fund, on the ‘Fund prices and performance’ page on our website and selecting either ‘Other fund ranges’, or ‘Aegon Retirement Choices (ARC)’.
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 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.