View more on these topics

Aegon unveils defensive multi-manager fund

Aegon has launched an ultra-low-risk fund to protect retirement-age investors’ capital.

The Aegon Stability fund invests in four defensive funds that have complementary portfolios and high levels of liquidity: the Jupiter Strategic Reserve, Fulcrum Diversified Core Absolute Return, Kames UK Equity Absolute Return and Newton Global Dynamic Bond funds.

The Aegon fund aims to beat three-month Libor, after charges, with three-month Libor currently at 0.25 per cent. The fund’s total expense ratio is 0.87 per cent. 

The firm says there is an increasing need for low-risk pension investments to help prevent losses like the 30 per cent fall in global markets following the credit crunch.

The Stability fund is exclusive to Aegon and will be available across all of its advised propositions. Its primary focus is on capital preservation, using absolute return strategies with the aim of generating growth even in falling markets.

Aegon investment director Nick Dixon says: “From April, people will have a lot more control over how they manage their money in retirement. This fund will benefit those savers who want to preserve their hard-earned savings pot and are looking for a straightforward solution, conveniently packaged within one fund.”


FCA logo glass 2 620x430

FCA Gabriel system hit by technical problems

The FCA’s Gabriel reporting system has been hit by technical problems for several days, leaving firms unable to submit their regulatory returns. A notice on the Gabriel page of the FCA’s website last week said it was receiving high volumes of data and firms should avoid using the system during mid-morning and mid-afternoon. The issues […]

pl peach 2

Paul Lewis: Advisers do not own ‘advice’ label

I am being pressed to make sure I call the conversation Citizens Advice and The Pensions Advisory Service has with over 55s about their pension pot choices ‘guidance’ not ‘advice’. To me *facepalm* is the twitter response to such a demand. I get lots of queries from confused individuals by email and on twitter about […]

FCA logo new 3 620x430

Financial adviser to chair FCA small business panel

The FCA has appointed the director of a financial advice firm to chair its smaller business practitioner panel. Citywide Financial Partners director Clinton Askew will chair the panel for two years, replacing Weatherbys Bank financial director Andrew Turberville Smith. Citywide Financial Partners is a financial advice and wealth management business based in Surrey. Askew has […]

Charles Counsell 700 x 450

Surge in employer fines for auto-enrol non-compliance

The Pensions Regulator issued 166 penalty notices to firms breaking auto-enrolment regulations in the final quarter of 2014, an increase from just three fines in the previous quarter.  TPR’s latest quarterly update on its investigations into auto-enrolment reveals it served 166 firms with £400 fixed penalties for failing to comply with an unpaid contributions notice […]


News and expert analysis straight to your inbox

Sign up


There are 2 comments at the moment, we would love to hear your opinion too.

  1. Sorry Nick, but protecting capital isn’t enough. Protecting purchasing power should be the minimum expectation of a retirement age investor taking any degree of risk, whether they’re taking income or not. This portfolio will (at current rates) declare itself successful if it returns 1.12% per annum (OCF, by the way, not TER, plus 3m LIBOR). It might have been more sensible to set a CPI+ target – rather more appealing I would have thought…

  2. And further to Graham’s comment, I don’t see how it even protects capital if 50% of the fund is invested with two managers playing at hedge fund and 50% in bonds (we all know how much security those offered in 2009).

    Half the fund is invested in long/short equity strategies which are presumably supposed to be “uncorrelated” but what it actually means is that you can lose money no matter what the market does if the wrong shares go up and the wrong shares go down. And in exchange for this punt on their clairvoyance you’re supposed to be content if the fund returns… slightly more than well-known star manager Fanny Adams.

Leave a comment


Why register with Money Marketing ?

Providing trusted insight for professional advisers.  Since 1985 Money Marketing has helped promote and analyse the financial adviser community in the UK and continues to be the trusted industry brand for independent insight and advice.

News & analysis delivered directly to your inbox
Register today to receive our range of news alerts including daily and weekly briefings

Money Marketing Events
Be the first to hear about our industry leading conferences, awards, roundtables and more.

Research and insight
Take part in and see the results of Money Marketing's flagship investigations into industry trends.

Have your say
Only registered users can post comments. As the voice of the adviser community, our content generates robust debate. Sign up today and make your voice heard.

Register now

Having problems?

Contact us on +44 (0)20 7292 3712

Lines are open Monday to Friday 9:00am -5.00pm