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 risk parameters have been provided by Aberdeen, however they are different to Aegon's risk ratings. 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.
Description The majority of the Portfolio will be exposed to global equities. The remainder of the Portfolio may be exposed to global bonds, property, commodities, infrastructure, cash and cash equivalents. The Portfolio’s holdings may include exposure to emerging markets and non-investment grade securities. The Portfolio may not include exposure to all the stated asset classes at any point in time. The Portfolio may also use derivatives for efficient portfolio management (including hedging) and for investment purposes.
Objective To achieve a long term combination of capital growth and income, targeting a return of cash (1 month 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.
IMA Sector IA Mixed Investment 40-85% Shares
Fund manager’s benchmark LIBOR + 5.5% (gross of 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.

Description The majority of the Portfolio will be exposed to global bonds and/or global equities. The remainder of the Portfolio may be exposed to property, commodities, infrastructure, cash and cash equivalents. The Portfolio’s holdings may include exposure to emerging markets and non-investment grade securities. The Portfolio may not include exposure to all the stated asset classes at any point in time. The Portfolio may also use derivatives for efficient portfolio management (including hedging) and for investment purposes.
Objective To achieve a long term combination of capital growth and income, targeting a return of cash (1 month 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.
IMA Sector IA Mixed Investment 20-60% Shares
Fund manager’s benchmark LIBOR + 4.5% (gross of 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.

Description The majority of the Portfolio will be exposed to global bonds, global equities, money market instruments, cash, cash equivalents and/or deposits. The remainder of the Portfolio may be exposed to property, commodities and infrastructure. The Portfolio’s holdings may include exposure to emerging markets and non-investment grade securities. The Portfolio may not include exposure to all the stated asset classes at any point in time. The Portfolio may also use derivatives for efficient portfolio management (including hedging) and for investment purposes.
Objective To achieve a long term combination of capital growth and income, targeting a return of cash (1 month 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.
IMA Sector IA 0-35% Mixed Shares Sector
Fund manager’s benchmark LIBOR + 3% (gross of 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.

Description The Fund’s objective is to achieve a long-term combination of capital growth and income by taking a conservative approach to investment in a diversified portfolio of assets. There is no guarantee that the portfolio will achieve a positive return over any time period and any capital invested is at risk. The Fund is multi-asset in nature and will seek to achieve its objective by investing primarily in asset classes such as cash and bonds (which are like loans that pay a fixed or variable rate of interest), as well as equities and property. The Investment Manager has the flexibility to amend the asset allocation between different asset classes in line with its view on markets, in order to achieve the investment objective. The Fund may invest either indirectly through collective investment schemes (managed by Aberdeen or, where products managed by Aberdeen are not available, other investment managers) and/or through direct investment. Derivatives may be used for efficient portfolio management, including hedging.
Objective To achieve long term total return.
IMA Sector IA Unclassified
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.

Description Until eight years before the start of your retirement year, the fund provides exposure to UK and international equities (shares) as well as bonds and cash.
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 of underlying fund Mixed Investment 40%-85% Shares
Fund manager’s benchmark Median return for the balanced section of the Russell/Mellon CAPS Pooled Pension Fund Survey    
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 Aberdeen Life Multi- Asset (excluding Property) fund (%) 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.

Description The fund invests mostly in bonds that are priced in euros and issued by companies and governments. The bonds typically have lower credit ratings so pay a higher rate of interest. These bonds are generally more risky than those issued by higher rated organisations.
Objective To achieve a combination of income and growth by investing mostly in bonds priced in euros that are issued by companies or governments.
ABI Sector of underlying fund The fund is not listed in an ABI sector
Fund manager’s benchmark JP Morgan Euro High Yield Index
Fund management team Aberdeen Euro High Yield 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.

Description The fund invests at least two-thirds of its assets in equities and equity-related securities of Smaller Companies with their registered office in an Emerging Market country; and/or, of Smaller Companies which have the preponderance of their business activities in an Emerging Market country; and/or, of holding companies that have the preponderance of their assets in Smaller Companies with their registered office in an Emerging Market country.
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 of underlying fund Lipper Global Equity Emerging Markets Global
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 invests in a range of British government, overseas government and company bonds. The bonds held cover all maturities and are denominated in sterling. The largest exposure is to UK bonds.
Objective To provide exposure to an actively managed portfolio, the majority of which is invested in Sterling denominated Investment Grade Debt and Debt Related Securities.
ABI Sector of underlying fund Sterling Fixed Interest
Fund manager’s benchmark Merrill Lynch Sterling Broad Market Index
Fund management team Aberdeen Fixed Income 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.

Description The fund provides exposure primarily to government, sterling-denominated, longer-dated debt and debt-related securities.
Objective To provide exposure to an actively managed portfolio, the majority of which is invested in long dated Sterling denominated Investment Grade Debt and Debt Related Securities.
ABI Sector of underlying fund Sterling Long Bonds
Fund manager’s benchmark FTSE-A Over 15 Years Gilts Index
Fund management team Aberdeen Fixed Income team
Current additional disclosable expenses None*
More information Fund factsheet

*You'll see a different charge on the fund factsheet. The figure in this table is what Aberdeen 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 of underlying fund Mixed Investment 40%-85% Shares
Fund manager’s benchmark Median return for the balanced section of the Russell/Mellon CAPS Pooled Pension Fund Survey
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.

Description This is a multi-manager fund that invests in a mix of UK and international equities, bonds and cash through various underlying investment funds. 
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 of underlying fund 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 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.

Description The fund provides exposure to international equities. The geographic exposure isn’t constrained by the index weighting of a market.
Objective To provide exposure to an actively managed portfolio of internationally diversified equities.
ABI Sector of underlying fund 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.

Description The fund invests in companies listed on North American stock exchanges. Investment is typically in US companies across all economic and industry sectors.
Objective To provide exposure to an actively managed portfolio of North American equities - an asset class that is expected to provide long-term returns that are ahead of inflation
ABI Sector of underlying fund North America Equities
Fund manager’s benchmark FTSE Developed North America Index
Fund management team Aberdeen North American 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.

Description The fund invests in European companies or securities of companies with significant activities in Europe. It will generally exclude UK companies.
Objective The Fund aims for maximum capital growth through investment in a broad spread of European securities.
ABI Sector of underlying fund The fund is not listed in an ABI sector.
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.

Description The fund provides exposure to companies predominantly listed on the Japan stock exchange. The underlying fund will invest in a diverse range of companies across all market sectors.
Objective To produce capital growth through investment in a diversified portfolio of Japanese securities.
ABI Sector of underlying fund Japan Equities
Fund manager’s benchmark Topix (Tokyo First Section) Index
Fund management team Aberdeen Japanese 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.

Description The fund invests mainly in UK companies though may hold companies listed outside the UK so long as their principle activities or main economic exposure is to the UK.
Objective To achieve an attractive level of income with capital growth from a portfolio primarily consisting of UK Equity and equity related securities.
ABI Sector of underlying fund UK Equity Income
Fund manager’s benchmark FTSE All Share
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.

Description The fund invests mostly in mid-sized UK company shares that feature in the FTSE mid 250 index.
Objective To achieve a combination of income and capital growth by investing mostly in companies that feature in the FTSE 250 Index.
ABI Sector of underlying fund 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.

Description The fund invests predominantly in companies listed on the FTSE All-Share Index which are involved in a broad range of services and industries.
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 of underlying fund 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.

Description The fund invests predominantly in commercial property. The Aberdeen Life UK Property Fund operates as a feeder fund, holding units in the Aberdeen Property Trust Fund.
Objective To provide exposure to an actively managed portfolio, the majority of which invests in a balanced commercial property portfolio.
ABI Sector of underlying fund UK All Companies
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.

Description The fund provides exposure to a diverse range of funds.
Objective To achieve a combination of income and growth that remains steady over time, when compared to stock markets generally.
ABI Sector of underlying fund ABI Specialist (in line with underlying fund) 
Fund manager’s benchmark 1 month GBP LIBOR + 4.5% 
Fund management team Aberdeen Diversified Multi-Asset Strategies 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.

Description This fund aims to provide income and capital growth over the long term through investing in companies worldwide. The fund will invest primarily in companies throughout the world which offer attractive yields and sustainable dividends. 
Objective To provide income and capital growth for investors over the long term by investing in companies worldwide.
ABI Sector of underlying fund 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
(Opens new window)

*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 This fund aims to achieve capital growth by investing in the countries of the Asia Pacific region excluding Japan. The fund will be diversified across a number of Asia Pacific countries with the largest exposure typically to Hong Kong, Australia and New Zealand. The fund may also invest in some countries that are still developing their economies.
Objective To achieve capital growth by investing in countries of the Asia Pacific region, excluding Japan.
ABI Sector of underlying fund Global Equities 
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
http://doc.morningstar.com/LatestDoc.aspx?clientid=aegon&key=6f6f642302e65696&investmentid=VAUSA07ELY&documenttype=52&frame=0(Opens new window)

*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 This fund aims to provide long-term capital growth from direct or indirect investment in emerging stock markets worldwide or companies with significant activities in emerging markets. The fund will primarily have exposure to emerging markets in Europe, South America and Asia.
Objective To achieve long-term capital growth by investing directly or indirectly in emerging stock markets worldwide.
ABI Sector of underlying fund Global Equities
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
http://doc.morningstar.com/LatestDoc.aspx?clientid=aegon&key=6f6f642302e65696&investmentid=VAUSA07ELZ&documenttype=52&frame=0(Opens new window)

*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

Some funds have an additional cost for investing in them. This is because of additional expenses in the underlying investments, such as custody costs and administration costs. This is estimated and depends on the actual expenses incurred by the underlying fund, so what you actually pay may vary slightly. Where these costs add up to 0.024% or more, we’ve disclosed them in the fund details section.

In addition to any investment charges we also apply an annual management charges (AMC), for the management of your plan.  For this scheme the AMC is 0.35%.  Aberdeen will continue to invest in funds with a 0.7% charge, however we apply a monthly fund rebate charge of 0.35% which gives a final AMC of 0.35%.

Aberdeen offset this AMC by making an annual employer single premium payment equivalent to 0.35%. This is made directly to your pension policy.

To view the actual charges you pay please login to our online services page(Opens new window).