The number indicates the year you're set to retire in.
Unless you’ve selected a retirement date yourself, this may be based on the scheme retirement age (e.g. 65). Your savings are automatically transferred into this fund six or seven years before your selected retirement year*.
For example, if you're retiring at any point during 2025 and you're invested in the Universal Lifestyle Collection, you'll be transferred into the Universal Lifestyle Collection 2025 fund. The first thing you should check is whether you still intend to retire in that year. If not, you can find out how to change your retirement date.
The earliest you can access your pension under current legislation is age 55 (increasing to age 57 on 6 April 2028).
Why is there no fund factsheet for the numbered funds?
We don’t produce specific factsheets for each retirement year, only for the fund in the growth stage.
Why does my plan retirement date not match my fund retirement date?
If you’re in one of our Aegon or Scottish Equitable pension products (plan numbers are usually six or seven digits long and may be prefixed with ‘UP’) we won’t automatically change the retirement date your fund is targeting to match your new plan retirement date. This can mean that your fund retirement date (the number in your fund name) is different from your plan retirement date.
In those circumstances, you'd have to ask us to change your fund retirement date if you want the fund to be 'ready' for your plan retirement date. If you want your fund to target your new retirement date, get in touch and we'll switch you into the appropriate version of the lifestyle fund you're currently in.
See 'What if I don't want to retire when I'd planned to?' for more information.