What’s included in the fund charge you quote on your factsheets?

For our Aegon Retirement Choices (ARC) and Aegon One Retirement funds the fund charge is made up of an Annual Management Charge (AMC) which is a fixed management fee, plus additional expenses or charges which can vary depending on the fund. These are sometimes known as the Total Expense Ratio (TER) or Ongoing Charge Figure (OCF). These cover the cost of managing the fund and checking it's performing as expected. The fund charge will vary depending on the assets invested in. You can find out how it compares to other types of charges here(Opens new window)