The range of six multi-asset funds is available to pension, ISA and GIA investors using either Aegon Retirement Choices or the Aegon Platform.
The ongoing charges figure is fixed at 0.25%.
The launch represents a new chapter for Aegon UK’s investment capabilities. Having launched its first Aegon OEICs range for Nationwide Building Society in 2019 (which has achieved over £500m in assets) it has now made its own funds available beyond a pension wrapper.
The funds are managed by Richard Whitehall, head of portfolio management at Aegon.
He will work with Morningstar to determine the optimal asset allocation for each fund. The funds use low cost passive components, predominantly provided by BlackRock.
The funds also come with risk management and governance built in, and are designed to make it easy for Financial Planners to meet regulatory requirements in MIFID II and PROD.
To help support Financial Planners’ fund selection processes, the range is mapped to risk ratings from Defaqto, Dynamic Planner, FinaMetrica and Synaptic.
Tim Orton, managing director for investment solutions at Aegon, said: “We know that there is a demand for value-focussed investment strategies that offer a simpler way to invest, aiming to grow savings while taking account of their appetite for risk. These funds also make it easier for advisers to meet their regulatory obligations and are designed to fit in many Centralised Investment Propositions.
“Aegon has a great deal of experience managing multi-asset funds. Through extending this to an OEIC range we’ve sought to extend this availability beyond pensions, to our ISA and GIA investors and make it easier for advisers to use for Platform clients. We believe the funds will make a valuable addition to the wide range of investment options advisers and their clients have access to via our platforms.”