What is a default fund?

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.

If you’re interested in our range of default fund options you can choose between the Aegon Workplace Target range or the Target Plan range. Speak to your usual Aegon contact about your options.

The value of investments can go down as well as up. Investors may get back less than they invest.