Name changes to two Scottish Equitable Man GLG funds

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On 20 June 2019, the names of the Scottish Equitable MAN GLG Balanced and Scottish Equitable MAN GLG Stockmarket Managed funds will change across our pension, life, Aegon Retirement Choices (ARC) and Aegon One Retirement (AOR) fund ranges.

An overview of the changes can be seen in the table below. The fund short names, which appear on customer statements, have also been updated.

Nothing else about the funds will change; the investment objectives, Aegon risk ratings and charges will remain the same.

The changes in more detail:

Scottish Equitable MAN GLG Balanced Managed: 

Scottish Equitable MAN GLG Balanced Managed:
Existing fund name before 20 June 2019 New fund name from 20 June 2019
Scottish Equitable MAN GLG Balanced Managed Scottish Equitable MAN Balanced Managed
Existing short name before 20 June 2019 New short name from 20 June 2019
SE MAN GLG BAL MAN SE MAN BAL MANAGED

Scottish Equitable MAN GLG Stockmarket Managed: 

Scottish Equitable MAN GLG Stockmarket Managed:
Existing fund name before 20 June 2019 New fund name from 20 June 2019
Scottish Equitable MAN GLG Stockmarket Managed Scottish Equitable MAN Stockmarket Managed
Existing short name before 20 June 2019 New short name from 20 June 2019
SE MAN GLG STK MGD SE MAN STK MANAGED
Source: Aegon UK

Why we’re changing the fund names

Man Solutions Limited will replace GLG Partners UK Limited as the investment adviser appointed by the underlying fund manager to administer both funds. As a result, the underlying fund manager has updated the underlying fund names to reflect this change.

To ensure we remain consistent, we’ve updated our fund names and short names in line with the underlying fund manager.

What current investors need to do

Current investors don't need to do anything, only the fund names have changed and everything else has remained the same.