The range includes a selection of funds that take environmental, social and governance (ESG) factors into account, which we know from our research is important to members.1
A sustainable default investment strategy
The trustees’ first priority is to provide a default strategy that remains fit for an evolving workforce, recognising that over 95% of people in defined-contribution (DC) schemes will remain in the default.2 That’s why the trustees selected Aegon BlackRock LifePath Flexi as the default for our Master Trust. It’s a target-dated strategy that benefits from three layers of expert oversight ─ from BlackRock, Aegon and the Investment sub-committee of the trustee board, supported by independent investments advisers, Isio.
Beyond the default
The trustees will work with you to encourage your members to engage with their investment choices ─ offering a range of single and multi-asset funds beyond the default, which allows them to create their own investment strategies.
In addition to the Aegon BlackRock LifePath Flexi, there are two other LifePath strategies. One targets annuity purchase and the other targets cash lump sum. This provides alternatives for members who like the idea of a fund that will manage their investments throughout their career, right up to retirement, but think they’ll take their benefits in a different way.