If you don’t make a choice, your pension will automatically be invested in the default fund, Aegon LifePath Flexi. If this option doesn’t feel right for you, or if you’d like more control over how your pension is invested, you can choose to invest in one or more funds from the Aegon Master Trust Fund Range.

The range has been carefully selected by the Trustees to make your choices easier, with 28 funds covering different investment types, regions and risk levels, including ethical and Shariah-compliant options.

The Trustees provide close oversight of the fund range, helping to ensure it meets investors' needs over time. This oversight is supported by our fund governance process, designed to make sure we meet our Fund Promise commitments

Explore the fund range by asset class

As at 31 March 2026. The value of investments can fall as well as rise and isn't guaranteed. The final value of a your savings when you come to take benefits may be less than has been paid in. 

Responsible investment

Most funds in the Aegon Master Trust fund range consider environmental, social and governance (ESG) factors, as these can affect long-term investment risks and opportunities. The funds take a different approaches to investing responsibly, so you can choose investments that reflect what matters most to you.

Lttle happy daughter gently touches mother on walk in nature. Rocky landscape and windmills in background. Happy family together.

We offer funds in each of these categories: 

  • Sustainability-focused – Invest in companies that support environmental or social goals.
  • Exclusions-based – Avoid investing in certain industries, such as weapons or tobacco.
  • ESG integrated – Take ESG factors into account when making investment decisions.

Explore the fund range  by responsible investment considerations

Help and support

Speak to a financial adviser

A financial adviser can help you understand your options and what's right for you. There's typically a cost for this service. If you don't have an adviser, you can find one through MoneyHelper.

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