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Aegon default fund selection ?

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  • flopsy1973
    flopsy1973 Posts: 697 Forumite
    Part of the Furniture 500 Posts Name Dropper
    Thanks but is it a good fund out the ones available or are there better alternatives. ? 
  • SUN in the context of Aegon is short for "SIPP, Uncrystallised".  I am guessing the software-based Blackrock funds to which dunstonh referred are their MI ("Market Intelligence") workplace funds which invest in Blackrock's Volatility Strategy range (they use software to de-risk the portfolio when volatility reaches a certain threshold) - the same underlying funds they use for most of the retail RetireReady 'solutions'.

    It seems to me that the Aegon Workplace Default fund is managed by people at Scottish Equitable/Aegon like Anthony McDonald, head of portfolio management.
  • flopsy1973
    flopsy1973 Posts: 697 Forumite
    Part of the Furniture 500 Posts Name Dropper
    I have the workplace one the returns don't look that good ?  are there better funds in their workplace range 
  • If you look at their Workplace target fund range performance report for Q1 2023 (so as of 31/3/23), the Aegon Workplace Default fund in the growth phase averaged 9.4% over 3 years (data is unavailable for 5 or 10 years as it's too new).  By contrast, the Aegon Adventurous Tracker averaged 14.9% over the same period.  However, it tracks the UK 50% and developed markets 50% and Aegon rate it 'above average risk' on the fact sheet - whereas your fund is rated 'average risk' and includes corporate bonds and gilts.

    They have other ranges, too, e.g. they push their Risk-Managed Portfolios, they also had more expensive multi-manager Select Portfolios (but they don't push these any more) and the Workplace MI 'market intelligence' funds discussed earlier, Low, Medium, High and Very High risk (volatility) levels, on their ARC platform.
  • Prism
    Prism Posts: 3,847 Forumite
    Seventh Anniversary 1,000 Posts Name Dropper
    I use Fundsmith with Aegon. Unsure if its accessible to all of their pensions.
  • JohnWinder
    JohnWinder Posts: 1,862 Forumite
    Fifth Anniversary 1,000 Posts Name Dropper
    Beware of drawing the wrong conclusions from past performance. Asset classes vary so much, year to year in their returns that the past doesn’t tell the future well. Have a look at the Calnan periodic table of returns.
    If you’re investing for 30 years, five or ten year performances are not relevant.
    Chasing better performance by moving from lower to higher returning assets/funds is a classic way people get poorer returns than using a more considered approach. It does cost average investors percents/year.
    Perhaps if you tell us why you think the returns don’t look that good we could tease it out.
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