The contributions paid into your pension plan are invested in investment funds. And we've worked with Aberdeen Asset Management ('Aberdeen') to provide a number of funds that you can choose to invest in - in addition to our full fund range.
Details of the additional funds
Click on the fund name to find out more.
- The fund description section tells you where the fund invests.
- The objective sets out specifically what the fund aims to achieve – although there is no guarantee that the fund objective will be met.
- The funds listed below sit within Association of British Insurers (ABI) sectors
- Please note, the fund factsheets use Aegon's risk ratings throughout.
- The value of these investments can go down as well as up and you may get back less than you invested.
| Objective | To achieve a long term combination of capital growth and income, targeting a return of cash (1 month London Interbank Offer Rate (LIBOR)) + 5.5% per annum (before fees) over a rolling five year period. There is no guarantee that the Portfolio will achieve a positive return over any time period and any capital invested is at risk. |
|---|---|
| ABI Sector | Mixed Investment 40-85% Shares pension |
| Fund manager’s benchmark | 1 month London Interbank Offer Rate (LIBOR) + 5.5% per annum (before fees) |
| Fund management team | Diversified Multi-Asset Team |
| Current additional disclosable expenses | 0.2%* |
| More information | Fund factsheet |
*You'll see a different charge on the fund factsheet. The figure in this table is what scheme members pay after rebates. See the Charges section below for more details.
| Objective | To achieve a long term combination of capital growth and income, targeting a return of cash (1 month London Interbank Offer Rate (LIBOR)) + 4.5% per annum (before fees) over a rolling five year period. There is no guarantee that the Portfolio will achieve a positive return over any time period and any capital invested is at risk. |
|---|---|
| ABI Sector | Mixed Investment 20-60% Shares pension |
| Fund manager’s benchmark | 1 month LIBOR + 4.5% per annum (before fees) |
| Fund management team | Diversified Multi-Asset Team |
| Current additional disclosable expenses | 0.2%* |
| More information | Fund factsheet |
*You'll see a different charge on the fund factsheet. The figure in this table is what scheme members pay after rebates. See the Charges section below for more details.
| Objective | To achieve a long term combination of capital growth and income, targeting a return of cash (1 month London Interbank Offer Rate (LIBOR)) + 3% per annum (before fees) over a rolling five year period. There is no guarantee that the Portfolio will achieve a positive return over any time period and any capital invested is at risk. |
|---|---|
| ABI Sector | Mixed investment 0-35% Shares pension |
| Fund manager’s benchmark | 1 month LIBOR + 3% per annum (before fees) |
| Fund management team | Diversified Multi-Asset Team |
| Current additional disclosable expenses | 0.2%* |
| More information | Fund factsheet |
*You'll see a different charge on the fund factsheet. The figure in this table is what scheme members pay after rebates. See the Charges section below for more details.
| Objective | To achieve long term total return. |
|---|---|
| ABI Sector | Mixed investment 0-35% Shares pension |
| Fund manager’s benchmark | Composite index of the underlying funds |
| Fund management team | Diversified Multi-Asset Team |
| Current additional disclosable expenses | 0.2%* |
| More information | Fund factsheet |
*You'll see a different charge on the fund factsheet. The figure in this table is what scheme members pay after rebates. See the Charges section below for more details.
This is a lifestyle fund which initially focuses on growth by investing in higher-risk funds. As you move closer to your retirement date they gradually and automatically move to funds designed to preserve the size of pension you can buy.
This first table relates to the first stage of the lifestyle fund when you’re in the growth phase, which is when you’re eight or more years away from retirement.
| Objective | To maximise the value of pension savings, achieving long-term returns that are ahead of inflation. As retirement nears and the lifestyle phasing starts, the fund aims to help make sure the amount of pension you can buy doesn’t fluctuate dramatically. |
|---|---|
| ABI sector | Mixed Investment 40%-85% Shares |
| Fund manager’s benchmark | Composite of 40% FTSE All share UK, 35% MSCI ACWI ex UK index, 15% 1 month LIBOR + 4%, 10% Markit iBoxx Sterling Overall |
| Fund management team | Aberdeen Multi-Asset team |
| Current additional disclosable expenses | 0.15%* |
*You'll see a different charge on the fund factsheet. The figure in this table is what scheme members pay after rebates. See the Charges section below for more details.
The table below shows the switching process that happens when you’re eight years from the start of your retirement year, and gives details at the start of each year leading up to retirement.
These switches are carried out on a predetermined basis and will happen automatically every month within the lifestyle fund. You won’t see the underlying fund names on your statements.
| Number of years until retirement | Scottish Equitable Aberdeen Life Multi- Asset (excluding Property) fund (%) | Scottish Equitable Aberdeen Life UK Sterling Long Dated Government Bond fund (%) | Cash fund (%)** |
|---|---|---|---|
| 8 | 100.0 | 0.0 | 0.0 |
| 7 | 87.5 | 12.5 | 0.0 |
| 6 | 75.0 | 25.0 | 0.0 |
| 5 | 62.5 | 37.5 | 0.0 |
| 4 | 50.0 | 50.0 | 0.0 |
| 3 | 37.5 | 56.5 | 6.0 |
| 2 | 25.0 | 63.0 | 12.0 |
| 1 | 12.5 | 69.5 | 18.0 |
| 0 | 0.0 | 75.0 | 25.0 |
**This is the Cash fund offered by Aegon.
When you reach your retirement date, and if you don’t take all your fund value as an income, you’ll be moved into the Scottish Equitable Retirement fund. Find out more about this fund on our website (Opens new window)(Opens new window)(Opens new window)(Opens new window)(Opens new window)(Opens new window)
Lifestyle funds may be changed, close or be wound up, without letting you know in advance.
| Objective | To achieve long-term return by investing at least two-thirds of the fund's assets in equities and equity-related securities of Smaller Companies with their registered office in an Emerging Market country. |
|---|---|
| ABI Sector | Global Emerging Markets Equities pension |
| Fund manager’s benchmark | MSCI Global Emerging Markets Small Cap |
| Fund management team | Aberdeen Global Emerging Markets Equity Team |
| Current additional disclosable expenses | 0.3%* |
| More information | Fund factsheet |
*You'll see a different charge on the fund factsheet. The figure in this table is what scheme members pay after rebates. See the Charges section below for more details.
| Description | The fund provides exposure to UK and international equities as well as bonds and cash. |
|---|---|
| Objective | To maximise the value of pension savings, achieving long-term returns that are ahead of inflation. |
| ABI Sector | Mixed Investment 40%-85% Shares pension |
| Fund manager’s benchmark | Composite of 40% FTSE All share UK, 35% MSCI ACWI ex UK index, 15% 1 month LIBOR + 4%, 10% Markit iBoxx Sterling Overall |
| Fund management team | Aberdeen Multi-Asset team |
| Current additional disclosable expenses | 0.15%* |
| More information | Fund factsheet |
*You'll see a different charge on the fund factsheet. The figure in this table is what scheme members pay after rebates. See the Charges section below for more details.
| Objective | To provide income combined with long term capital growth. It will aim to achieve this by investing in a globally diversified portfolio of assets. |
|---|---|
| ABI Sector | Mixed Investment 20%-60% Shares |
| Fund manager’s benchmark | 50% FTSE All-Share Index and 50% Merrill Lynch Broad Market Index |
| Fund management team | Aberdeen Diversified Multi-Asset team |
| Current additional disclosable expenses | 0.2%* |
| More information | Fund factsheet |
*You'll see a different charge on the fund factsheet. The figure in this table is what scheme members pay after rebates. See the Charges section below for more details.
| Objective | To provide exposure to an actively managed portfolio of internationally diversified equities. |
|---|---|
| ABI Sector | Global Equities |
| Fund manager’s benchmark | MSCI World Index |
| Fund management team | Aberdeen Global Equities team |
| Current additional disclosable expenses | 0.1%* |
| More information | Fund factsheet |
*You'll see a different charge on the fund factsheet. The figure in this table is what scheme members pay after rebates. See the Charges section below for more details.
| Objective | The Fund aims for maximum capital growth through investment in a broad spread of European securities. |
|---|---|
| ABI Sector | Europe excluding UK Equities pension |
| Fund manager’s benchmark | FTSE World – Europe excluding UK |
| Fund management team | Aberdeen Pan European Equity team |
| Current additional disclosable expenses | 0.15%* |
| More information | Fund factsheet |
*You'll see a different charge on the fund factsheet. The figure in this table is what scheme members pay after rebates. See the Charges section below for more details.
| Objective | To achieve a combination of income and capital growth by investing mostly in companies that feature in the FTSE 250 Index. |
|---|---|
| ABI Sector | UK All Companies |
| Fund manager’s benchmark | FTSE 250 excluding Investment Trusts |
| Fund management team | Aberdeen Pan European Equity team |
| Current additional disclosable expenses | 0.1%* |
| More information | Fund factsheet |
*You'll see a different charge on the fund factsheet. The figure in this table is what scheme members pay after rebates. See the Charges section below for more details.
| Objective | To provide exposure to an actively managed portfolio of UK equities - an asset class that is expected to provide long-term returns that are ahead of inflation. |
|---|---|
| ABI Sector | UK All Companies |
| Fund manager’s benchmark | FTSE All-Share Index |
| Fund management team | Aberdeen Pan European Equities team |
| Current additional disclosable expenses | 0.05%* |
| More information | Fund factsheet |
*You'll see a different charge on the fund factsheet. The figure in this table is what scheme members pay after rebates. See the Charges section below for more details.
| Objective | To provide exposure to an actively managed portfolio, the majority of which invests in a balanced commercial property portfolio. |
|---|---|
| ABI Sector | UK Direct Property pension |
| Fund manager’s benchmark | IPD Property Monthly UK |
| Fund management team | Aberdeen Multi-Asset team |
| Current additional disclosable expenses | 0.1% |
| More information | Fund factsheet |
*You'll see a different charge on the fund factsheet. The figure in this table is what scheme members pay after rebates. See the Charges section below for more details.
| Objective | To achieve a combination of income and growth that remains steady over time, when compared to stock markets generally. |
|---|---|
| ABI Sector | Specialist pension |
| Fund manager’s benchmark | 3 month LIBOR |
| Fund management team | Aberdeen Diversified Multi-Asset team |
| Current additional disclosable expenses | 0.2%* |
| More information | Fund factsheet |
*You'll see a different charge on the fund factsheet. The figure in this table is what scheme members pay after rebates. See the Charges section below for more details.
This is a lifestyle fund which initially focuses on growth by investing in a diversified mix of investments which aim to deliver long term capital growth. As you move closer to your retirement date it gradually and automatically moves into less risky investments.
This first table relates to the first stage of the lifestyle fund when you’re in the growth phase, which is when you’re three or more years away from retirement.
| Objective | This fund aims to deliver long term capital growth that remains steady over time, when compared to stock markets generally. It invests in a wide range of assets including shares, bonds, property, commodities (such as fuels and precious metals) and currency, with a focus on high-growth areas of the world, including emerging market countries. It’s a fund of funds, which means it invests in a number of other investment funds, including funds managed by Aberdeen Asset Management. |
|---|---|
| ABI Sector | ABI Unclassified |
| Fund manager’s benchmark | LIBOR 1 Month GBP +4.5% |
| Fund management team | Aberdeen Diversified Multi-Asset team |
| Current additional disclosable expenses | 0.25%* |
| More information | Fund factsheet (Opens new window) |
*You'll see a different charge on the fund factsheet. The figure in this table is what scheme members pay after rebates. See the Charges section below for more details.
The table below shows the switching process that happens when you’re three years from the start of your retirement year, and gives details at the start of each year leading up to retirement.
These switches are carried out on a predetermined basis and will happen automatically every month within the lifestyle fund. You won’t see the underlying fund names on your statements.
| Number of years until retirement | Scottish Equitable Aberdeen Diversified Growth fund | Cash fund** |
|---|---|---|
| 3 | 100% | 0% |
| 2 | 92% | 8% |
| 1 | 83% | 17% |
| rf | 75% | 25% |
**This is the Cash fund offered by Aegon.
When you reach your retirement date, and if you don’t take all your fund value as an income, you’ll be moved into the Scottish Equitable Aberdeen Diversified Growth Retirement fund.
| Objective | This fund is for investors in the Scottish Equitable Aberdeen Diversified Growth Lifestyle fund that have reached the end of the lifestyle stage and have passed their selected retirement date (SDR). We’ll automatically switch investors into this fund on the 1 January of their SDR, until they tell us how they want to take their retirement benefits. This fund is designed for investors intending to draw an income from their pension savings, while keeping their portfolio invested when they retire. The fund invests 75% in the Scottish Equitable Aberdeen Diversified Growth fund and 25% in a cash fund. |
|---|---|
| ABI Sector | ABI Unclassified |
| Fund manager’s benchmark | Composite of: 75% LIBOR 1 Month GBP + 4.5% and 25% LIBOR 3 Month GBP |
| Fund management team | Aberdeen Diversified Multi-Asset team |
| Current additional disclosable expenses | 0.2%* |
| More information | Fund factsheet (Opens new window) |
*You'll see a different charge on the fund factsheet. The figure in this table is what scheme members pay after rebates. See the Charges section below for more details.
| Objective | To provide income and capital growth for investors over the long term by investing in companies worldwide. |
|---|---|
| ABI Sector | Global Equities |
| Fund manager’s benchmark | MSCI World Index |
| Fund management team | Aberdeen Global Equity team |
| Current additional disclosable expenses | 0.15%* |
| More information | Fund factsheet (Opens new window) |
*You'll see a different charge on the fund factsheet. The figure in this table is what scheme members pay after rebates. See the Charges section below for more details.
| Objective | To achieve capital growth by investing in countries of the Asia Pacific region, excluding Japan. |
|---|---|
| ABI Sector | Asia Pacific excluding Japan Equities pension |
| Fund manager’s benchmark | MSCI AC Asia Pacific ex Japan |
| Fund management team | Aberdeen Asian Equities team |
| Current additional disclosable expenses | 0.2%* |
| More information | Fund factsheet |
*You'll see a different charge on the fund factsheet. The figure in this table is what scheme members pay after rebates. See the Charges section below for more details.
| Objective | To achieve long-term capital growth by investing directly or indirectly in emerging stock markets worldwide. |
|---|---|
| ABI Sector | Global Equities pension |
| Fund manager’s benchmark | MSCI Emerging Markets |
| Fund management team | Aberdeen Global Emerging Markets Equity team |
| Current additional disclosable expenses | 0.25%* |
| More information | Fund factsheet |
*You'll see a different charge on the fund factsheet. The figure in this table is what scheme members pay after rebates. See the Charges section below for more details.
You can find more details on these funds on their fund factsheet, which you can view by clicking on the fund factsheet link.
When selecting these funds online, and if you're part of the Aberdeen scheme, please choose the versions prefixed with an 'X'.
Charges
The combination of a fund charge rebate and an employer single premium payment (as long as you remain an Aberdeen Asset Management employee) means the effective AMC is 0%:
- Your payments are invested in funds that have an annual management charge (AMC) of 0.7%. This charge covers the costs of managing the fund and is calculated as a percentage of the value of the fund. When you use our online services, this is why you’ll see funds with an AMC of 0.7%.
- Every month, we will apply a fund charge rebate of 0.35%. This reduces the AMC to 0.35% because we’ve added additional units to your plan.
- Every year, as long as you remain an Aberdeen Asset Management employee, your employer will also make a payment equivalent to 0.35%. They do this by making an annual employer single premium payment directly in to your plan.
We may vary these charges in future.
Additional expenses
Some investment funds also have additional expenses, for example additional costs to administer the fund. Any additional expenses are estimated because they depend on the actual expenses incurred by the underlying fund. What you actually pay may vary slightly from what we’ve detailed in our communications.
You can get more information about these additional expenses on our website:
- The additional funds available to the Aberdeen Asset Management Scheme are detailed above.
- For our full fund range.
To view how these charges are applied to your plan log in to our online services(Opens new window).