Name changes to Scottish Equitable and Aegon Newton funds

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This change affects our pension, life, Aegon Retirement Choices (ARC) and Aegon TargetPlan fund ranges

We’re changing the names of all Scottish Equitable and Aegon Newton funds, details of which can be seen in the tables below. The changes will be effective from 6 December onwards and apply to our pension, life, Aegon Retirement Choices (ARC) and TargetPlan fund ranges.

Nothing else about these funds will change as a result of this; the funds aims and objectives, fund manager, charges and Aegon risk ratings will remain the same.

Why we’re changing these fund names

The underlying fund manager, Newton Investment Management, has made the decision to rebrand these funds to show the name of its parent company, BNY Mellon. In line with this change, it’s updating all fund names.

To ensure consistency for our customers, we’re changing our fund names to match the underlying fund names. The fund 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 change will be implemented gradually across our material, so investors may notice both the old and new names in use for a time.

What existing investors need to do

Existing investors don’t need to do anything. Please speak to a financial adviser if you’re unsure about what these changes mean for you. If you don’t have a financial adviser, you can find one in your area at unbiased.co.uk

The changes in more detail

Pension and life funds:

Existing fund name before 6 December 2019 Existing short name before 6 December 2019 New fund name from 6 December 2019 New short name from 6 December 2019
Scottish Equitable Newton Global Income SE NEWTON GLOBAL INC Aegon BNY Mellon Global Income AGN BNY MLN GLOB INC
Scottish Equitable Newton International Bond SE NEWTON INTER BOND Aegon BNY Mellon International Bond AGN BNY MLN INT BND
Scottish Equitable Newton Balanced Managed SE Newton Bal Man Aegon BNY Mellon Multi-Asset Balanced AGN BNY MLN MA BAL
Scottish Equitable Newton Managed SE Newton Managed Aegon BNY Mellon Multi-Asset Growth AGN BNY MLN MA GWH
Scottish Equitable Newton Real Return SE NEWTON REAL RTN Aegon BNY Mellon Real Return AGN BNY MLN REAL RTN
Scottish Equitable Newton UK Equity SE NEWTON UK EQUITY Aegon BNY Mellon UK Equity AGN BNY MN UK EQUITY
Scottish Equitable Newton UK Income SE NEWTON INCOME Aegon BNY Mellon UK Income AGN BNY MN UK INCOME

Source: Aegon UK

ARC funds:

Existing fund name before 6 December 2019 Existing short name before 6 December 2019 New fund name from 6 December 2019 New short name from 6 December 2019
Scottish Equitable Newton Global Income (ARC) ARC SE NEWTON GLB IN Aegon BNY Mellon Global Income (ARC) AGN BNY MN GL IN ARC
Aegon Newton International Bond (ARC) Newton Int BondARC Aegon BNY Mellon International Bond (ARC) AGN BNY MN IN BD ARC
Scottish Equitable Newton Balanced Managed (ARC) ARC SE NEWTON BAL Aegon BNY Mellon Multi-Asset Balanced (ARC) AGN BNY MN MA BA ARC
Scottish Equitable Newton Managed (ARC) ARC SE NEWTON MGD Aegon BNY Mellon Multi-Asset Growth (ARC) AGN BNY MN MA GW ARC
Scottish Equitable Newton Real Return (ARC) ARC SE NEWTON RRTN Aegon BNY Mellon Real Return (ARC) AGN BNY MN RL RN ARC
Scottish Equitable Newton UK Equity (ARC) ARC SE NEWTON UK EQ Aegon BNY Mellon UK Equity (ARC) AGN BNY MN UK EQ ARC
Scottish Equitable Newton UK Income (ARC) ARC SE NEWTON INC Aegon BNY Mellon UK Income (ARC) AGN BNY MN UK IN ARC

Source: Aegon UK

TargetPlan funds:

Existing fund name before 6 December 2019 New fund name from 6 December 2019
Aegon Newton Global Dynamic Bond (BLK) Aegon BNY Mellon Global Dynamic Bond (BLK)
Aegon Newton Global Equity (BLK) Aegon BNY Mellon Global Equity (BLK)
Aegon Newton Global Opportunities (BLK) Aegon BNY Mellon Global Opportunities (BLK)
Aegon Newton Real Return (BLK) Aegon BNY Mellon Real Return (BLK)
Aegon Newton UK Equity (BLK) Aegon BNY Mellon UK Equity (BLK)

Source: Aegon UK