Charge update for the Scottish Equitable Fidelity Special Situations fund

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We recently updated the Total Charge* for the Scottish Equitable Fidelity Special Situations fund available via our pension fund range.

Investors may have noticed the reduction in charges on their plan statements or via our website.

*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.

Why the charges have reduced

We regularly review the additional expenses for our funds as part of our commitment to provide a clear indication of costs to our customers. As a result of this ongoing review, we’re updating the additional expenses we show for this fund and the Total Charge has reduced.

The old and new Total Charges are shown in the table below:

Fund name Old Total Charge New Total Charge
Scottish Equitable Fidelity Special Situations 1.94% 1.91%

Source: Aegon UK

What this means for investors

Existing investors don’t need to do anything. There are no other changes to the fund and the charge reduction was applied automatically. The objective and Aegon risk rating have remained the same.