On 31 January 2025, we’re closing the Aegon AM UK Sustainable Opportunities fund, available as part of our insured Pension, Life and Aegon Retirement Choices (ARC) fund ranges.
When the fund closes, we’ll move investors into the Ethical fund unless they tell us to move it to a different fund before then.
Normally we’d prefer to give investors at least 60 days’ notice of a fund closure. However, in this instance, we‘ve been unable to give our standard notice period. We apologise for any inconvenience this may cause.
We’re writing to all those affected to let them know about the closure.
Why we’re closing the fund
The underlying fund manager, Aegon Asset Management, has decided to close the underlying fund so we’re closing our version of the fund.
What this means for investors
Until the fund closes, investors can stay invested and carry on paying into it. Then, on 31 January 2025, we’ll move their investment and all future investment into the Ethical fund, free of any switch charge.
There’s more information in the table below:
Closing fund |
Alternative fund |
|---|---|
Aegon AM UK Sustainable Opportunities |
Ethical |
Total Charge1 (for Pension investors) |
|
1.60% |
1.01% |
Total Charge1 (for Life investors) |
|
1.59% |
1.03% |
Fund Charge2 (for ARC investors) |
|
0.79% |
0.32% |
Ethical fund objective |
|
| The fund aims to provide long-term capital growth by investment in equities (shares) and equity type securities of companies based in the UK, mainly conducting business in the UK or listed on the UK stock market, which meet the fund's predefined ethical criteria. The application of its ethical criteria means the fund may have a bias towards small and medium-sized companies. | |
Source: Aegon UK
1This includes a standard 1% product charge, a fixed management fee and expenses that vary with the day-to-day costs of running the fund. Investors may pay a different product charge, in which case the Total Charge will be different.
2This 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.
You can find more information about this fund in the fund factsheet on the ‘Fund prices and performance’ page of our website, viewing ‘Other fund ranges’ or ‘Aegon Retirement Choices (ARC)’ and searching for the fund name.
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’ve paid in.
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 move their investment with no switch charge, into a different fund or funds by logging into their online account.
If you’re invested in this fund 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 at moneyhelper.org.uk/choosing-a-financial-adviser to find the right one for you.