Changes to the Scottish Equitable UBS Targeted Return fundAegon Investment Team 21 October 2016 Back to results
On 1 October 2016, the charges we disclose for the Scottish Equitable UBS Targeted Return fund and Scottish Equitable UBS Targeted Return ARC fund reduced.
This means the total charge* for the fund has reduced from 1.9% to 1.7% for our older pension products, and the fund charge** for the fund available via Aegon Retirement Choices (ARC) has reduced from 0.90% to 0.70%.
Why have we made these changes?
The underlying fund manager, UBS, are making some changes to the portfolio by increasing the use of collective investments, index trackers and exchange traded funds (ETFs) and reducing exposure to actively managed equity funds.
These changes aim to ensure a broadly diversified portfolio that the fund manager hopes will help the fund achieve its objectives over the longer term.
There’s no guarantee that the fund’s objectives will be met. The value of this investment can go down as well as up and investors may get back less than they invested.
What do investors need to do?
Existing investors don’t need to do anything. The fund objective, manager, and Aegon risk rating will remain the same.
Please speak to a financial adviser if you’re unsure about what the changes mean for you. You can find one in your area at unbiased.co.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.
Please speak to a financial adviser if you’re unsure.