On 10 March 2025, we’re closing the Aegon BlackRock Pacific Flexible (BLK) fund, available as part of our Aegon TargetPlan fund range across all share classes.
To prepare for this, on or around 5 February 2025, we’re switching current investors into the Aegon BlackRock Pacific Rim Equity Index (BLK) fund.
We’re writing to those affected to let them know about the closure.
Why we’re closing the fund
The underlying fund manager, BlackRock, has told us they are closing the fund, so we are closing our version of the fund as well.
More about the Aegon BlackRock Pacific Rim Equity Index (BLK) fund
We’ve chosen this fund as we believe it’s the most broadly similar fund in our fund range in terms of where it invests and what it aims to do.
This fund invests in the shares of companies in the Pacific Rim and aims to achieve a return that is consistent with the return of the FTSE All-World Developed Asia Pacific ex-Japan Index. This index is widely regarded as the benchmark for UK pension fund investment in shares of companies in the Pacific Rim.
There’s no guarantee the fund will meet its objective. The value of an investment can fall as well as rise and isn’t guaranteed. Investors could get back less than they invest.
For more information you can view the fund factsheet on the ‘Fund prices and performance’ page and selecting ‘TargetPlan funds’ and searching for the fund name.
What current investors need to do
If current investors are happy for their investment to move to the alternative fund, they don’t need to do anything. However, if investors feel that this fund isn’t suitable for them, they can switch their investment and redirect any future investment, free of any switch charge, into an alternative fund or funds of their choice.
If current investors wish to do this, they can view the funds available to their plan by logging into TargetPlan, selecting ‘Fund Information’ from the Dashboard and selecting the “Switch funds” button to make the switch.
You should speak to your financial adviser, if you have one, about your options before making any decisions. 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.