On 27 July 2023, the charges for some Scottish Equitable Sequel funds changed. You can see the old and new charges in the table below.
Nothing else about these funds changed because of this.
The changes in more detail
We regularly review our funds as part of our commitment to provide a clear indication of costs to our customers. As a result, we’ve updated the charge for some of our Scottish Equitable Sequel funds.
The changes are detailed on the table below:
Pension funds:
Mnemonic |
Fund name |
Old Total Charge* (%) |
New Total Charge* (%) |
Change (%) |
SAR |
Scottish Equitable Sequel Adventurous |
1.04 |
1.05 |
+0.01 |
AJL |
Scottish Equitable Sequel Adventurous Journey |
1.04 |
1.05 |
+0.01 |
AJR |
Scottish Equitable Sequel Adventurous Journey Retirement |
1.01 |
1.02 |
+0.01 |
SBR |
Scottish Equitable Sequel Balanced |
1.01 |
1.02 |
+0.01 |
BAJ |
Scottish Equitable Sequel Balanced Journey |
1.01 |
1.02 |
+0.01 |
RJB |
Scottish Equitable Sequel Balanced Journey Retirement |
1.01 |
1.02 |
+0.01 |
SCR |
Scottish Equitable Sequel Cautious |
1.00 |
1.02 |
+0.02 |
Scottish Equitable Sequel Cautious Journey |
1.00 |
1.02 |
+0.02 |
|
RJC |
Scottish Equitable Sequel Cautious Journey Retirement |
1.01 |
1.02 |
+0.01 |
SDR |
Scottish Equitable Sequel Defensive |
1.01 |
1.02 |
+0.01 |
SGR |
Scottish Equitable Sequel Growth |
1.02 |
1.03 |
+0.01 |
Scottish Equitable Sequel Growth Journey |
1.02 |
1.04 |
+0.02 |
|
GJR |
Scottish Equitable Sequel Growth Journey Retirement |
1.01 |
1.02 |
+0.01 |
Source: Aegon UK
* This includes a standard 1% product charge, a fixed management fee and expenses that vary with the day-to-day costs of running the fund. You may pay a different product charge.
ARC:
Mnemonic
|
Fund name |
Old Fund Charge** (%) |
New Fund Charge** (%) |
Change (%) |
Z5P |
Aegon Sequel Adventurous (ARC) |
0.11 |
0.14 |
+0.03 |
Z6P |
Aegon Sequel Adventurous Journey (ARC) |
0.11 |
0.15 |
+0.04 |
Z6Q |
Aegon Sequel Adventurous Journey Retirement (ARC) |
0.11 |
0.12 |
+0.01 |
Z4N |
Aegon Sequel Balanced (ARC) |
0.10 |
0.12 |
+0.02 |
Z5N |
Aegon Sequel Balanced Journey (ARC) |
0.10 |
0.11 |
+0.01 |
PBL |
Aegon Sequel Balanced Journey Retirement (ARC) |
0.10 |
0.12 |
+0.02 |
Z0M |
Aegon Sequel Cautious (ARC) |
0.10 |
0.11 |
+0.01 |
Z1M |
Aegon Sequel Cautious Journey (ARC) |
0.10 |
0.11 |
+0.1 |
PBK |
Aegon Sequel Cautious Journey Retirement (ARC) |
0.10 |
0.12 |
+0.02 |
Z9L |
Aegon Sequel Defensive (ARC) |
0.10 |
0.11 |
+0.01 |
Z4O |
Aegon Sequel Growth (ARC) |
0.11 |
0.12 |
+0.01 |
Z5O |
Aegon Sequel Growth Journey (ARC) |
0.11 |
0.12 |
+0.01 |
Z4P |
Aegon Sequel Growth Journey Retirement (ARC) |
0.10 |
0.11 |
+0.01 |
Source: Aegon UK
**This is on top of any product or adviser charge and includes a fixed management fee plus expenses that vary with the day-to-day costs of running the fund.
There’s no guarantee these funds will meet their objectives. The value of an investment can fall as well as rise and is not guaranteed. Investors could get back less than they invest.
We’ll update our literature as soon as we can, but investors may notice the old and new information in use for a time.
For more information on the fund, you can view the relevant fund factsheet via the ‘Fund prices and performance’ page on our website and selecting either ‘Other fund ranges’, or ‘Aegon Retirement Choices (ARC)’ .
What current investors need to do
Existing investors don’t need to do anything. If you’d like more information, please speak to your financial adviser. If you don’t have a financial adviser, visit moneyhelper.org.uk/choosing-a-financial-adviser to find the right one for you.