What's included in the Fund Charge you quote on your Aegon Retirement Choices (ARC) and Aegon One Retirement (AOR) factsheets?19 May 2020
For our Aegon Retirement Choices (ARC) and Aegon One Retirement (AOR) insured funds the Fund charge is made up of an Annual Management Charge (AMC) which is a fixed management fee, plus additional expenses that can vary with the day-to-day costs of running the fund. Together these are sometimes known as the Ongoing Charge Figure (OCF) and they cover the cost of managing the fund and checking it's performing as expected. This is on top of any product or adviser charge you pay. The Fund charge will vary depending on the assets invested in.
For information on what's included in the Total Charge quoted on Pension and Life factsheets, click here.