On 7 July 2023, we reduced the charges on our Scottish Equitable Cirilium funds, across our insured Pension and Aegon Retirement Choices (ARC) fund ranges.
Nothing else about these funds have changed because of this.
The changes in more detail
These funds invest in underlying funds managed by Quilter Investors. Quilter has reduced the charge for these funds. As a result, we’ve reduced the charges on our version of these funds.
Details of the change including the old and new charges are in the tables below:
Pension fund:
|
(fund identifier) |
Fund name |
Old Total Charge* (%) |
New Total Charge* (%) |
Change (%) |
XNA |
Scottish Equitable Cirilium Balanced |
2.15* |
2.03* |
-0.12 |
CCO |
Scottish Equitable Cirilium Conservative |
2.05* |
1.83* |
-0.22 |
XNC |
Scottish Equitable Cirilium Dynamic |
2.15* |
2.03* |
-0.12 |
XNB |
Scottish Equitable Cirilium Moderate |
2.15* |
2.03* |
-0.12 |
Source: Aegon UK
* This includes a standard 1% product charge, a fixed management fee and expenses that vary with
the day-to-day costs of running the fund. You may pay a different product charge.
Aegon Retirement Choices (ARC)
Mnemonic (fund identifier) |
Fund name |
Old Fund Charge** (%) |
New Fund Charge** (%) |
Change (%) |
ZMN |
Scottish Equitable Cirilium Balanced (ARC) |
1.15* |
1.03* |
-0.12 |
ZMO |
Scottish Equitable Cirilium Conservative (ARC) |
1.05* |
0.83* |
-0.22 |
ZMP |
Scottish Equitable Cirilium Dynamic (ARC) |
1.15* |
1.03* |
-0.12 |
ZMQ |
Scottish Equitable Cirilium Moderate (ARC) |
1.15* |
1.03* |
-0.12 |
Source: Aegon UK
**This 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.
There’s no guarantee these funds will meet their objectives. The value of an investment can fall as well as rise and is not guaranteed. Investors could get back less than they invest.
We’ll update our literature as soon as we can, but investors may notice the old and new information in use for a time.
You can find more information about this fund, on the ‘Fund prices and performance’ page on our website and selecting either ‘Other fund ranges’, or ‘Aegon Retirement Choices (ARC)’.
What current investors need to do
Existing investors don’t need to do anything. Please speak to a financial adviser if you’re not sure what these changes mean for you. 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.