Charge update for the Scottish Equitable Fidelity Asia fund

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From 23 November 2021, we’re reducing the charge for the Scottish Equitable Fidelity Asia fund:

  • The Total Charge* for Pension and Life investors will decrease from 2.19% to 1.99%.
  • The Fund Charge** for ARC investors will decrease from 1.19% to 0.99%.

*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.

Nothing else about the funds will change because of this, for example the funds’ aim and objective, fund manager and Aegon risk rating will all 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 regularly review the charges for our funds as part of our commitment to provide a clear indication of costs to our customers. As a result, we’re reducing the charge for this fund 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