Charge update for the Aegon AM Strategic Bond fund

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From 31 August 2021, we’re making the following changes to the Aegon AM Strategic Bond fund:

  • The Total Charge* for pension investors will decrease from 1.61% to 1.56%.
  • The Total Charge* for life investors will decrease from 1.58% to 1.53%.
  • The Fund Charge** for ARC investors will decrease from 0.81% to 0.56%.

*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. Investors may pay a different product charge.

**This is on top of any product or adviser charge and includes a fixed management fee plus expenses that vary with the day–to-day costs of running the fund. Investors will start to notice the reduction in charges on our fund factsheets, their plan statements or via their online account from 31 August 2021.

Nothing else about the fund will change because of this. The fund’s aim and objective, fund manager and Aegon risk rating will remain the same.

We’ll update our literature gradually, so you may notice the old and new information in use for a time.

Why is the charge reducing?

We’re reducing the charge to ensure pricing is consistent across our insured Pension, Life and Aegon Retirement Choices (ARC) fund ranges.

For more information on the fund, you can view the relevant fund factsheet via the ‘Fund prices and performance’ page on our website and selecting either ‘Other fund ranges’ or ‘Aegon Retirement Choices (ARC)’.

What this means for investors

Existing investors don’t need to do anything. If you'd like more information, please speak to your financial adviser. If you don’t have a financial adviser, you can find one in your area at moneyhelper.org.uk