What are your funds' ethical criteria?

The criteria below apply to the following insured funds, managed by Aegon Asset Management, across pension, life, Aegon Retirement Choices (ARC) and Aegon One Retirement (AOR). If you'd like more information about responsible investing including details of other options within our fund range, visit our responsible investments hub.

You can view the insured fund factsheet by clicking on the fund name:





These funds are designed to meet the needs of clients who wish to make investment decisions based on strong ethical principles.

All use highly selective investment criteria. Our ethical screening process evaluates the effects that certain companies’ activities, products and services can have on the environment and society at large. 

Screening process

The funds do not invest in companies that:

Animal welfare

  • provide animal testing services or manufacture or sell animal-tested cosmetics, household products or pharmaceuticals
  • have any involvement in intensive farming
  • operate abattoirs or slaughterhouse facilities
  • are producers or retailers of meat, poultry, fish or dairy products or slaughterhouse by-products


  • derive more than 10% of their total business through involvement in brewing, distillation or sale of alcoholic drinks


  • are corporate or international banks with exposure to large corporate or Third World debt


  • are involved in activities which are commonly held to be environmentally unsound – specifically manufacturers of PVC, ozone depleting chemicals and hazardous pesticides
  • are in breach of internationally recognised conventions on biodiversity and companies in energy intensive industries which are not tackling the issue of climate change

Fossil fuels

  • engage in the extraction of oil, gas or coal


  • have investments in betting shops, casinos or amusement arcades accounting for more than 10% of their total business

Genetic engineering

  • have patented genes


  • manufacture armaments, nuclear weapons or associated strategic products

Nuclear power

  • provide critical services to, or own or operate, nuclear facilities

Oppressive regimes

  • operate in countries with poor human rights records, and which have no established management policies on human rights issues

Political donations

  • have made political donations of more than £25,000 in the last year


  • provide adult entertainment services


  • derive more than 10% of their business from the growing, processing or sale of tobacco products

These funds are restricted - or largely limited - in what they can invest in either to one country e.g. UK, or to a certain type of company e.g. ethical/socially responsible, which increases the risk to the fund if market conditions don't favour that country or type of company.

Please note, this criteria only applies to our range of ethical funds managed by Aegon Asset Management. There are other funds within our ranges, which may invest in-line with different ethical, environmental or socially responsible criteria.

For more details of other funds available within our responsible investments range visit the responsible investments hub.