What is a default fund?Tue Dec 16 16:55:59 GMT 2014
A default fund is the fund that an employer or scheme trustee has chosen for scheme members who don't make an active fund choice. Any members who don't choose a fund will automatically be put into this fund. It's usually a lifestyle fund.
For employers who prefer to let Aegon choose the default for them, we offer the Aegon Workplace Default fund (PDF - 181kb)(Opens new window) for ARC investors, the GPP Default (PDF - 183kb)(Opens new window) for Group Pension Plan investors, and the Stakeholder Default (PDF - 183kb)(Opens new window) for Stakeholder pension investors.
The value of investments can go down as well as up. Investors may get back less than they invest.