Name changes for Aegon JLT funds

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From 30 June 2021, funds previously containing ‘JLT’ will change to include ‘Mercer’. These changes will be applied across our pension and Aegon Retirement Choices (ARC) insured fund ranges.

Nothing else about the funds will change as part of this rebrand; the fund manager, the investment objectives, Aegon risk ratings and charges will remain the same.

Why the names are changing

In 2019, Mercer (a subsidiary of Marsh & McLennan) acquired Jardine Lloyd Thompson Group (JLT). Mercer believe that aligning the names of the JLT funds with the Mercer brand will be simpler and more consistent for investors.

To ensure consistency for our customers, we’re changing our fund names to match the underlying fund names. The funds’ short names, which appear on plan statements, will also change to reflect this. Both old and new names are shown in the tables below.

The changes in more detail

ARC funds
Existing fund name before 30 June 2021 Existing short name before 30 June 2021 New fund name from 30 June 2021 New short name from 30 June 2021
Aegon JLT Governed Portfolio I (ARC) JLT GovPortfolio I Aegon Mercer Governed Portfolio I (ARC) MCR GovPortfolio I
Aegon JLT Governed Portfolio II (ARC) JLT GovPortfolio II Aegon Mercer Governed Portfolio II (ARC) MCR GovPortfolio II
Aegon JLT Governed Portfolio III (ARC) JLT GovPortfolio III Aegon Mercer Governed Portfolio III (ARC) MCR GovPortfolio III
Aegon JLT Governed Portfolio IV (ARC) JLT GovPortfolio IV Aegon Mercer Governed Portfolio IV (ARC) MCR GovPortfolio IV
Aegon JLT Governed Portfolio V (ARC) JLT GovPortfolio V Aegon Mercer Governed Portfolio V (ARC) MCR GovPortfolio V
Aegon JLT Cautious (ARC) JLT Cautious Fund Aegon Mercer Cautious (ARC) MCR Cautious Fund
Aegon JLT Balanced (ARC) JLT Balanced Fund Aegon Mercer Balanced (ARC) MCR Balanced Fund
Aegon JLT Adventurous (ARC) JLT Adventurous Fund Aegon Mercer Adventurous (ARC) MCR Adventurous Fund
Aegon JLT Balanced Investment Approach (ARC) JLT Bal InvApp Aegon Mercer Balanced Investment Approach (ARC) MCR Bal InvApp
Aegon JLT Balanced Investment Approach Retirement (ARC) AGN JLT BAL INV RET Aegon Mercer Balanced Investment Approach Retirement (ARC) AGN MCR BAL INV RET
Aegon JLT Balanced Investment Approach 2021 (ARC) AGN JLT BAL INV 2021 Aegon Mercer Balanced Investment Approach 2021 (ARC) AGN MCR BAL INV 2021
Aegon JLT Balanced Investment Approach 2022 (ARC) JLT Bal InvApp 2022 Aegon Mercer Balanced Investment Approach 2022 (ARC) MCR Bal InvApp 2022
Aegon JLT Balanced Investment Approach 2023 (ARC) JLT Bal InvApp 2023 Aegon Mercer Balanced Investment Approach 2023 MCR Bal InvApp 2023
Aegon JLT Balanced Investment Approach 2024 (ARC) JLT Bal InvApp 2024 Aegon Mercer Balanced Investment Approach 2024 (ARC) MCR Bal InvApp 2024
Aegon JLT Balanced Investment Approach 2025 (ARC) JLT Bal InvApp 2025 Aegon Mercer Balanced Investment Approach 2025 (ARC) MCR Bal InvApp 2025
Aegon JLT Balanced Investment Approach 2026 (ARC) JLT Bal InvApp 2026 Aegon Mercer Balanced Investment Approach 2026 (ARC) MCR Bal InvApp 2026
Aegon JLT Balanced Investment Approach 2027 (ARC) JLT Bal InvApp 2027 Aegon Mercer Balanced Investment Approach 2027 (ARC) MCR Bal InvApp 2027
Aegon JLT Balanced Investment Approach 2028 (ARC) JLT Bal InvApp 2028 Aegon Mercer Balanced Investment Approach 2028 (ARC) MCR Bal InvApp 2028
Aegon JLT Balanced Investment Approach 2029 (ARC) JLT Bal InvApp 2029 Aegon Mercer Balanced Investment Approach 2029 (ARC) MCR Bal InvApp 2029
Aegon JLT Balanced Investment Approach 2030 (ARC) JLT Bal InvApp 2030 Aegon Mercer Balanced Investment Approach 2030 (ARC) MCR Bal InvApp 2030
Aegon JLT Balanced Investment Approach 2031 (ARC) JLT Bal InvApp 2031 Aegon Mercer Balanced Investment Approach 2031 (ARC) MCR Bal InvApp 2031
Aegon JLT Balanced Investment Approach 2032 (ARC) JLT Bal InvApp 2032 Aegon Mercer Balanced Investment Approach 2032 (ARC) MCR Bal InvApp 2032
Aegon JLT Balanced Investment Approach 2033 (ARC) JLT Bal InvApp 2033 Aegon Mercer Balanced Investment Approach 2033 (ARC) MCR Bal InvApp 2033
Aegon JLT Balanced Investment Approach 2034 (ARC) JLT Bal InvApp 2034 Aegon Mercer Balanced Investment Approach 2034 (ARC) MCR Bal InvApp 2034
Aegon JLT Balanced Investment Approach 2035 (ARC) JLT Bal InvApp 2035 Aegon Mercer Balanced Investment Approach 2035 (ARC) MCR Bal InvApp 2035
Aegon JLT Balanced Investment Approach 2036 (ARC) JLT Bal InvApp 2036 Aegon Mercer Balanced Investment Approach 2036 (ARC) MCR Bal InvApp 2036

Source: Aegon UK

Pension funds
Existing fund name before 30 June 2021 Existing short name before 30 June 2021 New fund name from 30 June 2021 New short name from 30 June 2021
Aegon JLT Balanced Investment Approach AEGON JLT BAL INV AP Aegon Mercer Balanced Investment Approach AEGON MCR BAL INV AP
Aegon JLT Balanced Investment Approach Retirement AGN JLT BAL INV RET Aegon Mercer Balanced Investment Approach Retirement AGN MCR BAL INV RET
Aegon JLT Balanced Investment Approach 2021 AGN JLT BAL INV 2021 Aegon Mercer Balanced Investment Approach 2021 AGN MCR BAL INV 2021
Aegon JLT Balanced Investment Approach 2022 AGN JLT BAL INV 2022 Aegon Mercer Balanced Investment Approach 2022 AGN MCR BAL INV 2022
Aegon JLT Balanced Investment Approach 2023 AGN JLT BAL INV 2023 Aegon Mercer Balanced Investment Approach 2023 AGN MCR BAL INV 2023
Aegon JLT Balanced Investment Approach 2024 AGN JLT BAL INV 2024 Aegon Mercer Balanced Investment Approach 2024 AGN MCR BAL INV 2024
Aegon JLT Balanced Investment Approach 2025 AGN JLT BAL INV 2025 Aegon Mercer Balanced Investment Approach 2025 AGN MCR BAL INV 2025
Aegon JLT Balanced Investment Approach 2026 AGN JLT BAL INV 2026 Aegon Mercer Balanced Investment Approach 2026 AGN MCR BAL INV 2026
Aegon JLT Balanced Investment Approach 2027 AGN JLT BAL INV 2027 Aegon Mercer Balanced Investment Approach 2027 AGN MCR BAL INV 2027
Aegon JLT Balanced Investment Approach 2028 AGN JLT BAL INV 2028 Aegon Mercer Balanced Investment Approach 2028 AGN MCR BAL INV 2028
Aegon JLT Balanced Investment Approach 2029 AGN JLT BAL INV 2029 Aegon Mercer Balanced Investment Approach 2029 AGN MCR BAL INV 2029
Aegon JLT Balanced Investment Approach 2030 AGN JLT BAL INV 2030 Aegon Mercer Balanced Investment Approach 2030 AGN MCR BAL INV 2030
Aegon JLT Balanced Investment Approach 2031 AGN JLT BAL INV 2031 Aegon Mercer Balanced Investment Approach 2031 AGN MCR BAL INV 2031
Aegon JLT Balanced Investment Approach 2032 AGN JLT BAL INV 2032 Aegon Mercer Balanced Investment Approach 2032 AGN MCR BAL INV 2032
Aegon JLT Balanced Investment Approach 2033 AGN JLT BAL INV 2033 Aegon Mercer Balanced Investment Approach 2033 AGN MCR BAL INV 2033
Aegon JLT Balanced Investment Approach 2034 AGN JLT BAL INV 2034 Aegon Mercer Balanced Investment Approach 2034 AGN MCR BAL INV 2034
Aegon JLT Balanced Investment Approach 2035 AGN JLT BAL INV 2035 Aegon Mercer Balanced Investment Approach 2035 AGN MCR BAL INV 2035
Aegon JLT Balanced Investment Approach 2036 AGN JLT BAL INV 2036 Aegon Mercer Balanced Investment Approach 2036 AGN MCR BAL INV 2036

Source: Aegon UK

For more information on these funds, you can view the fund fact sheet via the ‘Fund prices and performance’ page and viewing either ‘Other fund ranges’ or ‘Aegon Retirement Choices (ARC)’.

What current investors need to do

Current investors don't need to do anything. The changes will be implemented gradually across our literature, fund factsheets and on our website, so you may notice both the old and new names in use for a time.