Where will your money be invested?

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The contributions paid into your pension plan are invested in investment funds. And we've worked with Aberdeen Asset Management ('Aberdeen') to provide a number of funds that you can choose to invest in - in addition to our full fund range. 

Details of the additional funds

Click on the fund name to find out more.

  • The fund description section tells you where the fund invests.
  • The objective sets out specifically what the fund aims to achieve – although there is no guarantee that the fund objective will be met.
  • The funds listed below sit within Association of British Insurers (ABI) sectors
  • Please note, the fund factsheets use Aegon's risk ratings throughout.
  • The value of these investments can go down as well as up and you may get back less than you invested.
Objective To achieve a long term combination of capital growth and income, targeting a return of cash (1 month London Interbank Offer Rate (LIBOR)) + 5.5% per annum (before fees) over a rolling five year period. There is no guarantee that the Portfolio will achieve a positive return over any time period and any capital invested is at risk.
ABI Sector Mixed Investment 40-85% Shares pension
Fund manager’s benchmark 1 month London Interbank Offer Rate (LIBOR) + 5.5% per annum (before fees)
Fund management team Diversified Multi-Asset Team
Current additional disclosable expenses 0.2%*
More information Fund factsheet

*You'll see a different charge on the fund factsheet. The figure in this table is what scheme members pay after rebates. See the Charges section below for more details.

Objective To achieve a long term combination of capital growth and income, targeting a return of cash (1 month London Interbank Offer Rate (LIBOR)) + 4.5% per annum (before fees) over a rolling five year period. There is no guarantee that the Portfolio will achieve a positive return over any time period and any capital invested is at risk.
ABI Sector Mixed Investment 20-60% Shares pension
Fund manager’s benchmark 1 month LIBOR + 4.5% per annum (before fees)
Fund management team Diversified Multi-Asset Team
Current additional disclosable expenses 0.2%*
More information Fund factsheet

*You'll see a different charge on the fund factsheet. The figure in this table is what scheme members pay after rebates. See the Charges section below for more details.

Objective To achieve a long term combination of capital growth and income, targeting a return of cash (1 month London Interbank Offer Rate (LIBOR)) + 3% per annum (before fees) over a rolling five year period. There is no guarantee that the Portfolio will achieve a positive return over any time period and any capital invested is at risk.
ABI Sector Mixed investment 0-35% Shares pension
Fund manager’s benchmark 1 month LIBOR + 3% per annum (before fees)
Fund management team Diversified Multi-Asset Team
Current additional disclosable expenses 0.2%*
More information Fund factsheet

*You'll see a different charge on the fund factsheet. The figure in this table is what scheme members pay after rebates. See the Charges section below for more details.

Objective To achieve long term total return.
ABI Sector Mixed investment 0-35% Shares pension
Fund manager’s benchmark Composite index of the underlying funds
Fund management team Diversified Multi-Asset Team
Current additional disclosable expenses 0.2%*
More information Fund factsheet

*You'll see a different charge on the fund factsheet. The figure in this table is what scheme members pay after rebates. See the Charges section below for more details.

This is a lifestyle fund which initially focuses on growth by investing in higher-risk funds. As you move closer to your retirement date they gradually and automatically move to funds designed to preserve the size of pension you can buy.

This first table relates to the first stage of the lifestyle fund when you’re in the growth phase, which is when you’re eight or more years away from retirement.

Objective To maximise the value of pension savings, achieving long-term returns that are ahead of inflation.
As retirement nears and the lifestyle phasing starts, the fund aims to help make sure the amount of pension you can buy doesn’t fluctuate dramatically.
ABI sector Mixed Investment 40%-85% Shares
Fund manager’s benchmark Composite of 40% FTSE All share UK, 35% MSCI ACWI ex UK index, 15% 1 month LIBOR + 4%, 10% Markit iBoxx Sterling Overall
Fund management team Aberdeen Multi-Asset team
Current additional disclosable expenses 0.15%*

*You'll see a different charge on the fund factsheet. The figure in this table is what scheme members pay after rebates. See the Charges section below for more details.

The table below shows the switching process that happens when you’re eight years from the start of your retirement year, and gives details at the start of each year leading up to retirement.

These switches are carried out on a predetermined basis and will happen automatically every month within the lifestyle fund. You won’t see the underlying fund names on your statements.

Number of years until retirement Scottish Equitable Aberdeen Life Multi- Asset (excluding Property) fund (%) Scottish Equitable Aberdeen Life UK Sterling Long Dated Government Bond fund (%) Cash fund (%)**
 8 100.0 0.0 0.0
87.5 12.5 0.0
6 75.0 25.0 0.0
5 62.5 37.5 0.0
4 50.0 50.0 0.0
3 37.5 56.5 6.0
2 25.0 63.0 12.0
1 12.5 69.5 18.0
0 0.0 75.0 25.0

**This is the Cash fund offered by Aegon.

When you reach your retirement date, and if you don’t take all your fund value as an income, you’ll be moved into the Scottish Equitable Retirement fund. Find out more about this fund on our website (Opens new window)(Opens new window)(Opens new window)(Opens new window)(Opens new window)(Opens new window)

Lifestyle funds may be changed, close or be wound up, without letting you know in advance.

Objective To achieve long-term return by investing at least two-thirds of the fund's assets in equities and equity-related securities of Smaller Companies with their registered office in an Emerging Market country.
ABI Sector Global Emerging Markets Equities pension
Fund manager’s benchmark MSCI Global Emerging Markets Small Cap
Fund management team Aberdeen Global Emerging Markets Equity Team
Current additional disclosable expenses 0.3%*
More information Fund factsheet

*You'll see a different charge on the fund factsheet. The figure in this table is what scheme members pay after rebates. See the Charges section below for more details.

Description The fund provides exposure to UK and international equities as well as bonds and cash.
Objective To maximise the value of pension savings, achieving long-term returns that are ahead of inflation.
ABI Sector Mixed Investment 40%-85% Shares pension
Fund manager’s benchmark Composite of 40% FTSE All share UK, 35% MSCI ACWI ex UK index, 15% 1 month LIBOR + 4%, 10% Markit iBoxx Sterling Overall
Fund management team Aberdeen Multi-Asset team
Current additional disclosable expenses 0.15%*
More information Fund factsheet

*You'll see a different charge on the fund factsheet. The figure in this table is what scheme members pay after rebates. See the Charges section below for more details.

Objective To provide income combined with long term capital growth. It will aim to achieve this by investing in a globally diversified portfolio of assets.
ABI Sector Mixed Investment 20%-60% Shares
Fund manager’s benchmark 50% FTSE All-Share Index and 50% Merrill Lynch Broad Market Index
Fund management team Aberdeen Diversified Multi-Asset team
Current additional disclosable expenses 0.2%*
More information Fund factsheet

*You'll see a different charge on the fund factsheet. The figure in this table is what scheme members pay after rebates. See the Charges section below for more details.

Objective To provide exposure to an actively managed portfolio of internationally diversified equities.
ABI Sector Global Equities
Fund manager’s benchmark MSCI World Index
Fund management team Aberdeen Global Equities team
Current additional disclosable expenses 0.1%*
More information Fund factsheet

*You'll see a different charge on the fund factsheet. The figure in this table is what scheme members pay after rebates. See the Charges section below for more details.

Objective The Fund aims for maximum capital growth through investment in a broad spread of European securities.
ABI Sector Europe excluding UK Equities pension
Fund manager’s benchmark FTSE World – Europe excluding UK
Fund management team Aberdeen Pan European Equity team
Current additional disclosable expenses 0.15%*
More information Fund factsheet

*You'll see a different charge on the fund factsheet. The figure in this table is what scheme members pay after rebates. See the Charges section below for more details.

Objective To achieve a combination of income and capital growth by investing mostly in companies that feature in the FTSE 250 Index.
ABI Sector UK All Companies
Fund manager’s benchmark FTSE 250 excluding Investment Trusts
Fund management team Aberdeen Pan European Equity team
Current additional disclosable expenses 0.1%*
More information Fund factsheet

*You'll see a different charge on the fund factsheet. The figure in this table is what scheme members pay after rebates. See the Charges section below for more details.

Objective To provide exposure to an actively managed portfolio of UK equities - an asset class that is expected to provide long-term returns that are ahead of inflation.
ABI Sector UK All Companies
Fund manager’s benchmark FTSE All-Share Index
Fund management team Aberdeen Pan European Equities team
Current additional disclosable expenses 0.05%*
More information Fund factsheet

*You'll see a different charge on the fund factsheet. The figure in this table is what scheme members pay after rebates. See the Charges section below for more details.

Objective To provide exposure to an actively managed portfolio, the majority of which invests in a balanced commercial property portfolio.
ABI Sector UK Direct Property pension
Fund manager’s benchmark IPD Property Monthly UK
Fund management team Aberdeen Multi-Asset team
Current additional disclosable expenses 0.1%
More information Fund factsheet

*You'll see a different charge on the fund factsheet. The figure in this table is what scheme members pay after rebates. See the Charges section below for more details.

Objective To achieve a combination of income and growth that remains steady over time, when compared to stock markets generally.
ABI Sector Specialist pension
Fund manager’s benchmark 3 month LIBOR
Fund management team Aberdeen Diversified Multi-Asset team
Current additional disclosable expenses 0.2%*
More information Fund factsheet

*You'll see a different charge on the fund factsheet. The figure in this table is what scheme members pay after rebates. See the Charges section below for more details.

Objective To provide income and capital growth for investors over the long term by investing in companies worldwide.
ABI Sector Global Equities
Fund manager’s benchmark MSCI World Index
Fund management team Aberdeen Global Equity team
Current additional disclosable expenses 0.15%*
More information Fund factsheet
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*You'll see a different charge on the fund factsheet. The figure in this table is what scheme members pay after rebates. See the Charges section below for more details.

Objective To achieve capital growth by investing in countries of the Asia Pacific region, excluding Japan.
ABI Sector Asia Pacific excluding Japan Equities pension
Fund manager’s benchmark MSCI AC Asia Pacific ex Japan
Fund management team Aberdeen Asian Equities team
Current additional disclosable expenses 0.2%*
More information Fund factsheet

*You'll see a different charge on the fund factsheet. The figure in this table is what scheme members pay after rebates. See the Charges section below for more details.

Objective To achieve long-term capital growth by investing directly or indirectly in emerging stock markets worldwide.
ABI Sector Global Equities pension
Fund manager’s benchmark MSCI Emerging Markets
Fund management team Aberdeen Global Emerging Markets Equity team
Current additional disclosable expenses 0.25%*
More information Fund factsheet

*You'll see a different charge on the fund factsheet. The figure in this table is what scheme members pay after rebates. See the Charges section below for more details.

You can find more details on these funds on their fund factsheet, which you can view by clicking on the fund factsheet link.

When selecting these funds online, and if you're part of the Aberdeen scheme, please choose the versions prefixed with an 'X'.

Charges

The combination of a fund charge rebate and an employer single premium payment (as long as you remain an Aberdeen Asset Management employee) means the effective AMC is 0%:

  • Your payments are invested in funds that have an annual management charge (AMC) of 0.7%. This charge covers the costs of managing the fund and is calculated as a percentage of the value of the fund. When you use our online services, this is why you’ll see funds with an AMC of 0.7%.
  • Every month, we will apply a fund charge rebate of 0.35%.  This reduces the AMC to 0.35% because we’ve added additional units to your plan.
  • Every year, as long as you remain an Aberdeen Asset Management employee, your employer will also make a payment equivalent to 0.35%.  They do this by making an annual employer single premium payment directly in to your plan.

We may vary these charges in future.

Additional expenses

Some investment funds also have additional expenses, for example additional costs to administer the fund. Any additional expenses are estimated because they depend on the actual expenses incurred by the underlying fund. What you actually pay may vary slightly from what we’ve detailed in our communications.

You can get more information about these additional expenses on our website:

  • The additional funds available to the Aberdeen Asset Management Scheme are detailed above.
  • For our full fund range.

To view how these charges are applied to your plan log in to our online services(Opens new window).