Changes to some of our Scottish Equitable Artemis funds

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On 31 January 2020, the charges for some of the Scottish Equitable Artemis funds changed across our pension and Aegon Retirement Choices (ARC) fund ranges. Investors will notice the change in charge on our fund factsheets, their plan statement or via their online account.

Why have the charges changed?

The underlying fund manager, Artemis Fund Managers, have changed the way they charge for the management of their funds. As a result, some of the charges have changed.

Nothing else about the funds has changed as a result of this. The aims and objectives, fund manager and risk rating remain the same.

The new charges in more detail:

  Scottish Equitable Artemis Income
Charges prior to 31 January 2020 Charges from 31 January 2020
Total charge†Applies to pension version 1.65% 1.68%
Fund charge*Applies to ARC version 0.65% 0.68%
  Scottish Equitable Artemis Capital
Charges prior to 31 January 2020 Charges from 31 January 2020
Total charge†Applies to pension version 1.90% 1.86%
Fund charge*Applies to ARC version 0.90% 0.86%
  Scottish Equitable Artemis Global Growth
Charges prior to 31 January 2020 Charges from 31 January 2020
Total charge†Applies to pension version 1.85% 1.87%
Fund charge*Applies to ARC version 0.90% 0.87%
  Scottish Equitable Artemis Strategic Bond
Charges prior to 31 January 2020 Charges from 31 January 2020
Total charge†Applies to pension version 1.60% 1.59%
Fund charge*Applies to ARC version 0.60% 0.59%
  Scottish Equitable Artemis UK Special Situations
Charges prior to 31 January 2020 Charges from 31 January 2020
Total charge†Applies to pension version 1.80% 1.40%
Fund charge*Applies to ARC version 0.80% 0.84%

Source: Aegon UK

†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.

*This is on top of any product or adviser charge you pay and includes a fixed management fee plus expenses that vary with the day to day costs of running the fund.

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. You can find one in your area at unbiased.co.uk