Aegon Retirement Choices - investment income options16 October 2019 Back to results
With Aegon Retirement Choices (ARC), we offer income-generating funds that apply income from those investments into your wrapper’s cash facility.
You can choose how the income is treated. You have three options:
- Remain in cash – this is the default we’ll use if you haven’t made a choice. All income will remain in the cash facility and should be reviewed on a regular basis.
- Reinvest – any income is automatically reinvested into the investment.
- Pay out as consolidated natural income – we’ll make a monthly payment to you, but only if income is received from investments. This is only available for individual savings accounts (ISAs) and general investment accounts (GIAs). You won’t be able to choose this option if you have a self-invested personal pension.
Investment income choices only apply to certain investments. Depending on your investments, the options might not be available to you.
Changing your investments could have an impact on the value of your investment. The value of an investment may go down as well as up and you may get back less than you invested. For advice as to whether a fund is suitable for you, please speak to your financial adviser.
You or your adviser can change your investment income choices online. you can either:
- request a switch, or
- submit the request in the maintain distribution choices screen.
Investment income choices can't be made for new applications or top ups. We'll set the default choice for any income-generating funds to remain in cash. You or your adviser can change the investment choice in the maintain distribution choice screen as soon as the application is submitted.
The amount we pay to you each month will vary depending on the investments you hold.
We’ll pay consolidated natural income on or around the 12th of each month. We’ll only pay consolidated natural income if the payment to be made is at least £2.50, otherwise we’ll hold the income in your cash facility until the amount reaches £2.50. We’ll then pay out at the next payment date.
The payments may fluctuate depending on the investments you hold. In addition, fund managers pay investment income at different intervals. Some pay investment income once a month, others pay every three months, every six months, or once a year. The amount we pay to you each month will vary depending on the investments you hold.