From 30 August 2024, we’re changing the name of the Scottish Equitable Legal & General Pre-Retirement fund for our insured Pension and ARC fund ranges.
Within our TargetPlan fund range, we’re also changing the name of the Aegon LGIM Pre-Retirement (BLK) fund and the LGIM Inflation Linked Pre-Retirement (BLK) Fund.
We’re writing to those invested in the funds to let them know about these changes.
Nothing else about the funds will change because of this update.
The change in more detail
The underlying fund manager Legal & General Investment Management has changed the name of their funds. So, for consistency we’re changing our fund names to match the underlying funds. Details in the table below:
Pension
| Existing fund name | New fund name |
|---|---|
| Scottish Equitable Legal & General Pre-Retirement | Aegon Legal & General Future World Annuity Aware |
Aegon Retirement Choices (ARC)
| Existing fund name | New fund name |
|---|---|
| Scottish Equitable Legal & General Pre-Retirement (ARC) | Aegon Legal & General Future World Annuity Aware (ARC) |
Aegon TargetPlan
| Existing fund name | New fund name |
|---|---|
| Aegon LGIM Pre-Retirement (BLK) | Aegon LGIM Future World Annuity Aware (BLK) |
| Aegon LGIM Inflation Linked Pre-Retirement (BLK) |
Aegon LGIM Inflation Linked Future World Annuity Aware (BLK) |
Source: Aegon UK
Investors will start to notice the name change on their online account, plan statement, in our literature and on our website from 30 August 2024 onwards.
What current investors need to do
Existing investors don’t need to do anything.
We’ll update our literature and our website as soon as we can, but investors may notice the old and new information in use for a time.
More information about this fund can be found on the ‘Fund prices and performance’ page on our website and selecting either ‘Other fund ranges’ or ‘Aegon Retirement Choices (ARC)’ or ‘TargetPlan funds’.
Please speak to a financial adviser if you’re invested in this fund and are not sure what the changes mean for you. If you don’t have one, you can visit moneyhelper.org.uk/choosing-a-financial-adviser to find the right one for you.