Fund charge updates to some of our Workplace Target and Lifestyle funds on Aegon Retirement Choices

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From 13 September 2021, we’ve increased the Fund Charges* for some funds across our Aegon Retirement Choices (ARC) fund range.

Nothing else about these funds has changed as a result of these updates; for example, the fund’s objectives, Aegon risk ratings and fund managers all remain the same.

You can see the old and new charges detailed in the table below:

Fund name Old Fund Charge* (%) New Fund Charge* (%)
Aegon Growth Tracker (Flexible Target) (ARC) 0.04 0.05
Aegon Growth Tracker (Annuity Target) (ARC) 0.04 0.05
Aegon Growth Tracker (Cash Target) (ARC) 0.04 0.05
Aegon Growth Tracker (Annuity Target) 2022 (ARC) 0.06 0.07
Aegon Growth Tracker (Annuity Target) 2023 (ARC) 0.05 0.06
Aegon Growth Tracker (Annuity Target) 2027 (ARC) 0.04 0.05
Aegon Growth Tracker (Annuity Target) 2028 (ARC) 0.04 0.05
Aegon Growth Tracker (Cash Target) 2023 (ARC) 0.05 0.06
Aegon Growth Tracker (Cash Target) 2024 (ARC) 0.04 0.05
Aegon Growth Tracker (Cash Target) 2028 (ARC) 0.04 0.05
Aegon Growth Tracker (Flexible Target) 2022 (ARC) 0.04 0.05
Aegon Growth Tracker (Flexible Target) 2023 (ARC) 0.04 0.05
Aegon Growth Tracker (Flexible Target) 2025 (ARC) 0.04 0.05
Aegon Growth Tracker (Flexible Target) 2026 (ARC) 0.04 0.05
Aegon Growth Tracker (Flexible Target) 2027 (ARC) 0.04 0.05
Aegon Growth Tracker (Flexible Target) 2028 (ARC) 0.04 0.05
Aegon Workplace Default (2027) ARC 0.05 0.06
Aegon Workplace Default (2028) ARC 0.05 0.06
Aegon Default Equity & Bond Lifestyle 2022 (ARC) 0.05 0.06
Aegon Default Equity & Bond Lifestyle 2023 (ARC) 0.05 0.06
Aegon Default Equity & Bond Lifestyle 2024 (ARC) 0.05 0.06
Aegon Default Equity & Bond Lifestyle 2025 (ARC) 0.05 0.07
Aegon Default Equity & Bond Lifestyle 2026 (ARC) 0.05 0.08
Aegon Default Equity & Bond Lifestyle 2027 (ARC) 0.05 0.07
Aegon Default Equity & Bond Lifestyle 2028 (ARC) 0.05 0.06

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.

These changes will be implemented gradually across our material, so you may notice both the old and new information in use for a time.

Why we’ve increased the charges

We regularly review and update our insured fund ranges, and we’ve recently updated the asset allocations for some of our Workplace Target and default Lifestyle funds. Due to these changes, some of the Fund Charges on ARC have increased.

For more information on these funds, you can view individual fund factsheets via the ‘Fund prices and performance’ page on our website and selecting ‘Aegon Retirement Choices (ARC)’. We don’t produce factsheets for specific lifestyle fund year variants, however you can find more information on lifestyle funds here.

What this means for investors

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