On 16 June 2025, we’re closing the Aegon BNY Mellon Global Opportunities (BLK) fund, available as part of our Aegon TargetPlan fund range across all share classes.
To prepare for this, on or around 8 May 2025, we’re switching current investors into the Aegon BNY Mellon Global Equity (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, BNY Mellon, has told us they are closing the fund, so we’re closing our version of the fund as well.
More about the Aegon BNY Mellon Global Equity (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 stocks and shares quoted on major stock markets of the world. Investment in this fund involves a higher than usual degree of risk.
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 by 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.