Changes to the Retiready Solutions Pension fund range
Updated 04 March 2024
On 4 March 2024, the fund objectives for our Retiready Solutions pension funds 2 to 5 changed.
This change only applies to the Retiready Solutions Pension funds 2 to 5. It doesn’t affect Retiready Stability or our Retiready Solutions ISA funds 2 to 5. This means that the Retiready Solutions Pension funds now invest differently to the Retiready Solutions ISA 2 to 5 funds.
Why we’ve changed the objectives
As part of our Funds Promise, we regularly review our funds to make sure they’re performing as expected, to meet the needs of our customers. The most recent review highlighted that the Retiready Solutions Pension funds 2 to 5 haven’t met our expectations. As a result, we’ve made these changes with the aim of improving outcomes for our customers.
There’s no guarantee the funds will meet their objectives. The value of an investment can fall as well as rise and is not guaranteed. You could get back less than you pay in.
The changes in more detail
We’ve changed the underlying funds that each of the Retiready Solutions Pension funds 2 to 5 invests into. We’ve also updated the fund objectives to reflect the changes. The fund objective explains how the fund invests and what it’s trying to achieve for investors. Full details of the changes are in the tables below.
The names of the funds, the risk level and the charges aren’t changing. The asset allocation (mix of investments) for the funds has changed but is broadly similar to the previous version of the fund.
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Old underlying fund
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New underlying fund
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BlackRock Volatility Strategy I
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Aegon Risk-Managed 3
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Old fund objective
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New fund objective
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This fund aims to make saving for a pension simple. It aims to grow investors’ savings by investing around 40% in a mix of less risky assets, like bonds and property, with around 60% invested in riskier assets, such as equities (shares) including some in emerging markets equities. It also has an added safeguard that moves some money out of riskier investments into safer ones when things get too risky. We believe this will help limit the impact on your investment of extreme and prolonged market falls. But, there’s also a chance it may limit returns if markets bounce back quickly. There’s no guarantee the fund will meet its objective. Its value can go down as well as up and you may get back less than you invested. Retiready Solution 2 is an Aegon insured fund which invests in the BlackRock Volatility Strategy I fund.
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The fund aims to achieve capital growth (after charges) over rolling five-year periods whilst managing risk. It is designed for investors who have a below average tolerance for risk and value a balance between preserving capital and achieving some capital growth over the long-term. It does this by regularly reviewing its mix of investments and making adjustments to keep the fund within its risk level. Although risk is actively managed, it doesn’t mean there’s no risk and the fund could still experience falls in value. The fund invests in a balanced portfolio of fixed interest securities (between 9%-65%) including corporate and government bonds, between 35%-65% in equities (company shares) and between 0%-26% in money market funds. It will gain access to this mix through various index tracker funds, except for the cash investments. Retiready Solution 2 is an Aegon insured fund which invests in the Aegon Risk-Managed 3 fund.
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Source: Aegon UK
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Old underlying fund
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New underlying fund
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BlackRock Volatility Strategy II
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Aegon Risk-Managed 4
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Old fund objective
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New fund objective
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This fund aims to make saving for a pension simple. It aims to grow investors’ savings by investing around 30% in a mix of less risky assets, like bonds and property, with around 70% invested in riskier assets, such as equities (shares) including some in emerging markets equities. It also has an added safeguard that moves some money out of riskier investments into safer ones when things get too risky. We believe this will help limit the impact on your investment of extreme and prolonged market falls. But, there’s also a chance it may limit returns if markets bounce back quickly. There’s no guarantee the fund will meet its objective. Its value can go down as well as up and you may get back less than you invested. Retiready Solution 3 is an Aegon insured fund which invests in the BlackRock Volatility Strategy II fund.
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The fund aims to provide capital growth (after charges) over rolling five-year periods whilst managing risk. It is designed for investors who have an average tolerance for risk, are seeking capital growth over the long-term and are comfortable with the potential for some loss. It does this by regularly reviewing its mix of investments and making adjustments to keep the fund within its risk level. Although risk is actively managed, it doesn’t mean there’s no risk and the fund could still experience falls in value. The fund invests in a diversified portfolio of mainly (between 50%-80%) equities (company shares), between 0%-50% in fixed interest securities including corporate and government bonds and between 0%-24% in money market funds. It will gain access to this mix through various index tracker funds, except for the cash investments. Retiready Solution 3 is an Aegon insured fund which invests in the Aegon Risk-Managed 4 fund.
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Source: Aegon UK
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Old underlying fund
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New underlying fund
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BlackRock Volatility Strategy III
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Aegon Risk-Managed 5
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Old fund objective
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New fund objective
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This fund aims to make saving for a pension simple. It aims to grow investors’ savings by investing around 20% in a mix of less risky assets, like bonds and property, with around 80% invested in riskier assets, such as equities (shares) including some in emerging markets equities. It also has an added safeguard that moves some money out of riskier investments into safer ones when things get too risky. We believe this will help limit the impact on your investment of extreme and prolonged market falls. But, there’s also a chance it may limit returns if markets bounce back quickly. There’s no guarantee the fund will meet its objective. Its value can go down as well as up and you may get back less than you invested. Retiready Solution 4 is an Aegon insured fund which invests in the BlackRock Volatility Strategy III fund.
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The fund aims to achieve capital growth (after charges) over rolling five-year periods whilst managing risk. It is designed for investors have an above average tolerance for risk, are seeking to maximise capital growth over the long-term and are comfortable with the potential for significant falls in value. It does this by regularly reviewing its mix of investments and making adjustments to keep the fund within its risk level. Although risk is actively managed, it doesn’t mean there’s no risk and the fund could still experience falls in value. The fund invests in a portfolio of mainly (between 65%-95%) equities (company shares). It can also invest in fixed interest securities (between 0%-35%) including corporate and government bonds and between 0%-22% in money market funds. It will gain access to this mix through various index tracker funds, except for the cash investments. Retiready Solution 4 is an Aegon insured fund which invests in the Aegon Risk-Managed 5 fund.
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Source: Aegon UK
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Old underlying fund
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New underlying fund
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BlackRock Volatility Strategy IV
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Aegon Risk-Managed 6
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Old fund objective
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New fund objective
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This fund aims to make saving for a pension simple. It aims to grow investors’ savings by investing around 10% in a mix of less risky assets, like bonds and property, with around 90% invested in riskier assets, such as equities (shares) including some in emerging markets equities. It also has an added safeguard that moves some money out of riskier investments into safer ones when things get too risky. We believe this will help limit the impact on your investment of extreme and prolonged market falls. But, there’s also a chance it may limit returns if markets bounce back quickly. There’s no guarantee the fund will meet its objective. Its value can go down as well as up and you may get back less than you invested. Retiready Solution 5 is an Aegon insured fund which invests in the BlackRock Volatility Strategy IV fund.
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The fund aims to achieve capital growth (after charges) over rolling five-year periods whilst managing risk. It is designed for investors who have high tolerance for risk, are seeking to maximise capital growth over the long-term and are comfortable with the potential for significant and sustained falls in value. It does this by regularly reviewing its mix of investments and making adjustments to keep the fund within its risk level. Although risk is actively managed, it doesn’t mean there’s no risk and the fund could still experience falls in value. The fund invests in a portfolio of mainly (between 80%-100%) equities (company shares). It can also invest in fixed interest securities (between 0%-20%) including corporate and government bonds and between 0%-20% in money market funds. It will gain access to this mix through various index tracker funds, except for the cash investments. Retiready Solution 5 is an Aegon insured fund which invests in the Aegon Risk-Managed 6 fund.
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Source: Aegon UK
We’ll update our literature and our website as soon as we can, but you may notice the old and new information in use for a time. For full fund information and risks please see the fund factsheets. More information about these funds, including factsheets, can be found on the Retiready website.
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