Changes to the Select Reserve fund

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We’re making a change to the fund objective of the Select Reserve fund. The change will be effective from 24 July 2017 and applies to the pension, life and Aegon Retirement Choices (ARC) versions of the fund.

The change to the fund objective are detailed in the table below: 

Fund objective before 24 July 2017Fund objective from 24 July 2017
This fund aims to provide a higher return than cash over the longer term, with less fluctuation in value, by investing in fixed interest securities (bonds), property and cash. This fund aims to provide a higher return than cash over the longer term by investing in a diversified portfolio of fixed interest securities (bonds), property and cash.

We’ll update our literature with this change from 24 July 2017 onwards, so you may notice both the old and new fund objectives in use for a time.

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.

Why has this change been made?

Rigorous governance of our insured funds is our highest priority, and is underpinned by our Funds Promise. During a review of our fund descriptions, our Fund Governance Group (FGG) decided that the existing fund objective for the Select Reserve fund required clarification to better reflect the aims and objectives of the fund.

What do investors need to do?

Existing investors don’t need to do anything. Nothing else has changed; the fund manager, charges and Aegon risk rating 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

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