From 22 August 2024, we’re updating the benchmark for the Aegon Annuity Pathway: plan to set up guaranteed income within next five years fund available across our insured Pension, Aegon Retirement Choices (ARC) and Aegon One Retirement (AOR) fund ranges.
We’re writing to those invested in the fund to let them know about this change.
Nothing else about the fund will change because of this.
The change in more detail
Benchmarks are used to measure a fund’s performance against similar types of investments, similar markets or regions.
We’re updating the fund's benchmark to better reflect the underlying investments the fund invests in.
The old and new benchmarks are in the table below:
| Old fund benchmark | New fund benchmark |
|---|---|
| FTSE Actuaries UK Conventional Gilts Over 15 Years Index | Composite (blended) benchmark of: 30% FTSE Actuaries UK Conventional Gilts 5-15 Years Index 20% ICE BofA 5+ Year AAA-A Sterling Non-Gilt Index |
Source: Aegon UK
The value of an investment can fall as well as rise and is not guaranteed. You could get back less than you pay in.
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 ‘Aegon One Retirement (AOR)’
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.