On 18 February 2025, the charges for the Scottish Equitable JPMorgan US Equity Income fund, the Scottish Equitable JPMorgan Global (ex-UK) Bond fund and the North American Equity Select Portfolio changed across our insured Pension and Aegon Retirement Choices (ARC) fund ranges.
Nothing else about the funds changed because of this.
The changes in more detail
The underlying fund manager (JP Morgan) has informed us they have reduced the charges on two of its funds. In line with this we've reduced the charges for our versions of these funds.
The Scottish Equitable JPMorgan US Equity Income fund forms part of a larger fund - the North American Equity Select Portfolio. So we've also reduced the charges for this fund.
More details are in the tables below:
Pension funds
| Mnemonic (fund indentifier) | Fund name | Old Total Charge1 (%) | New Total Charge1 (%) | Change (%) |
|---|---|---|---|---|
| JUI | Scottish Equitable JPMorgan US Equity Income | 1.91 | 1.76 | -0.15 |
| XJO | Scottish Equitable JPMorgan Global (ex-UK) Bond | 1.53 | 1.51 | -0.02 |
| NSP | North American Equity Select Portfolio | 1.72 | 1.69 | -0.03 |
Source: Aegon UK
ARC funds
| Mnemonic (fund identifier) | Fund name | Old Fund Charge2 (%) | New Fund Charge2 (%) | Change (%) |
|---|---|---|---|---|
| PEP | Scottish Equitable JPMorgan US Equity Income (ARC) | 0.91 | 0.76 | -0.15 |
| ZFZ | Scottish Equitable JPMorgan Global (ex-UK) Bond (ARC) | 0.53 | 0.51 | -0.02 |
| ZHA | North American Equity Select Porfolio (ARC) | 0.72 | 0.69 | -0.03 |
Source: Aegon UK
1 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.
2 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 the fund will meet its 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 example on our fund factsheets.
You can find more information about this fund, on 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. Please speak to a financial adviser if you’re not sure what these changes mean for you. There may be a cost for this. If you don’t have a financial adviser, you can visit moneyhelper.org.uk/choosing-a-financial-adviser to find the right one for you.