Charge updates for some Aegon AM and Fidelity insured funds

Fund_Update.jpg

From 11 March 2022, the charges for the funds listed below decreased. You can see the revised charges for affected funds outlined in the table below.

  • Scottish Equitable Fidelity European fund,
  • Aegon AM Sterling Corporate Bond fund,
  • Aegon AM Absolute Return Bond (AOR) fund.

Nothing else about the funds have changed because of this; for example, the fund’s objective, its Aegon risk ratings and the fund manager all remain the same.

Why the charge has reduced

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’ve reduced the charge for these funds across our insured Pension, Life, Aegon Retirement Choices (ARC) and One Retirement (AOR) fund ranges. The changes are detailed in the tables below:

Pension funds:

Mnemonic
(fund identifier)
Fund name Old Total Charge* (%) New Total Charge* (%) Change (%)
XSB Aegon AM Sterling Corporate Bond 1.48 1.39 -0.10
XFE SE Fidelity European 2.17 1.97 -0.20

Source: Aegon UK

Life funds:

Mnemonic
(fund identifier)
Fund name Old Total Charge* (%) New Total Charge* (%) Change (%)
XSB Aegon AM Sterling Corporate Bond 1.46 1.36 -0.10
XFE SE Fidelity European 2.17 1.97 -0.20

Source: Aegon 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.

ARC funds:

Mnemonic
(fund identifier)
Fund name Old Fund Charge** (%) New Fund Charge** (%) Change (%)
ZAT Aegon AM Sterling Corporate Bond (ARC) 0.59 0.39 -0.19
ZDV SE Fidelity European (ARC) 1.17 0.97 -0.20

Source: Aegon UK

AOR funds:

Mnemonic
(fund identifier)
Fund name Old Fund Charge** (%) New Fund Charge** (%) Change (%)
ZPN Aegon AM Absolute Return Bond (AOR) 0.63 0.43 -0.20

Source: Aegon UK

** 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 may have noticed these changes in our literature and on our website. The changes will be implemented gradually across our material, so you may notice both the old and new information in use for a time.

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

What current investors need to do

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 visit moneyhelper.org.uk/choosing-a-financial-adviser to find the right one for you.