On 27 May 2025, we’re closing the Aegon Jupiter UK Smaller Companies fund, available as part of our insured Pension and Aegon Retirement Choices (ARC) fund ranges.
When the fund closes, we’ll move investors into the UK Smaller Companies fund unless they tell us to move it to a different fund before then.
We’re writing to all those affected to let them know about the closure.
Why we’re closing the fund
As part of our fund governance process, we regularly monitor and refine our fund ranges. The Aegon Jupiter UK Smaller Companies fund hasn’t grown in size as we’d expected, so we’ve decided to close the fund.
What this means for investors
Until the fund closes, investors can stay invested in it. Then, on 27 May 2025, we’ll move their investment and all future investment into the UK Smaller Companies fund, free of any switch charge.
There’s more information in the table below:
Closing fund |
Alternative fund |
|---|---|
Aegon Jupiter UK Smaller Companies
|
UK Smaller Companies |
| Total Charge1 (for Pension investors) | |
1.72% |
1.01%
|
| Fund Charge2 (for ARC investors) | |
0.72% |
0.32% |
| UK Smaller Companies fund objective | |
| This fund aims to outperform the Numis Smaller Companies index, net of fees, by investing principally in the shares (equities) of smaller UK companies. These are companies which form the bottom 10% of the UK stock market based on their market value. | |
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.