Update to the Aegon Global and Mixed funds

Fund_Update.jpg

On the 31 March 2022, we updated the fund objective for the Global fund and the Mixed fund, available as part of our insured Pension and Aegon Retirement Choices (ARC) fund ranges.    

These updates are for clarification only. Nothing else about the funds have changed because of this update. For example, the way the funds are managed, the fund managers, charges and Aegon risk ratings will remain the same.

The changes in more detail

Following a review, we’ve updated the fund objective for the Global and Mixed fund in order to provide further clarification to investors. Details can be found in the table below:

Global fund
Current fund objective New fund objective
This fund aims to outperform the ABI Global Equities sector median, net of fees, by investing mainly in UK and overseas equities. It can invest 100% in equities but may hold up to 20% in fixed interest securities (bonds) and cash, although there’s no requirement that it does so. This fund aims to outperform the ABI Global Equities sector median over 3 year rolling periods, net of fees, by investing mainly in UK and overseas equities. It can invest 100% in equities but may hold up to 20% in fixed interest securities (bonds) and cash, although there’s no requirement that it does so.
Mixed fund
Current fund objective New fund objective
This fund aims to outperform the ABI Mixed Investment 40-85% Shares sector median, net of fees, by investing mainly in a mix of UK and overseas equities. The remainder will be invested in fixed interest securities (bonds) and cash. This fund aims to outperform the ABI Mixed Investment 40-85% Shares sector median over 3 year rolling periods, net of fees, by investing mainly in a mix of UK and overseas equities. The remainder will be invested in fixed interest securities (bonds) and cash.

Source: Aegon UK

There’s no guarantee the fund will meet its objectives. The value of an investment can fall as well as rise and isn’t guaranteed. Investors could get back less than they invest.

Investors may have noticed the changes on their statements, in our literature and on our website from 31 March 2022. The changes will be implemented gradually, so investors 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’ and selecting  ‘Other fund ranges’  or ‘Aegon Retirement Choices (ARC)’.

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