Aegon has obtained regulatory approval to supply three long-term asset funds (LTAFs).
The three funds will present publicity to personal markets for the 700,000 savers in Aegon UK’s largest default fund, the Common Balanced Assortment (UBC).
Final month, Aegon Asset Administration introduced that its first LTAF – the CG Aegon AM Non-public Credit score LTAF – had been granted regulatory approval by the Monetary Conduct Authority (FCA).
From the second half of this yr, members of Aegon UK’s UBC fund could have entry to Aegon Asset Administration’s non-public credit score LTAF, which invests in company lending, fund financing, insured credit score, renewables and asset-backed finance, and JP Morgan Asset Administration’s bespoke technique, which leverages the agency’s options platform and provides publicity to personal markets by way of non-public fairness, infrastructure, transportation and forestry investments.
Since October 2024, BlackRock has managed a bespoke, diversified different non-public markets technique for Aegon UK, together with non-public fairness, non-public debt, actual property and infrastructure.
Learn extra: Aegon AM non-public credit score LTAF features regulatory inexperienced mild
“The success in receiving authorisation for all three LTAF’s marks actual progress in providing our office pension members entry to the perfect accessible asset courses, which can be consistent with our goal to offer higher outcomes and worth,” stated Lorna Blyth, managing director of funding proposition at Aegon UK.
“This tangible motion is consistent with authorities targets and can permit members to share within the successes of development firms, in addition to the upper returns anticipated from different different investments.
Learn extra: Aegon provides non-public markets to £12bn office default fund
“Our journey doesn’t finish right here – subsequent up is our cornerstone funding into the British Development Partnership, topic to regulatory approval, which can faucet into the complete industrial potential of world-class breakthrough know-how firms primarily based right here within the UK.
“We’re dedicated to sustaining our place as leaders in funding innovation, utilizing our scale to entry new asset courses and drive higher member outcomes.”
Learn extra: M&G authorized to launch non-public credit score LTAF
