Aegon UK to invest £3bn in new BlackRock ESG index range across default funds

Fund ESG exposure to double to 60%

clock • 2 min read
Aegon UK has committed to make its default pension funds carbon net zero by 2050
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Aegon UK has committed to make its default pension funds carbon net zero by 2050

Aegon UK has invested £3bn in a range of new UK-domiciled BlackRock ESG index mutual funds it helped to design, doubling the ESG exposure in its Workplace Default fund and increasing exposure in a number of its other default fund options.

Along with a BlackRock ESG fixed income index fund, the range will become underlying funds for the Aegon Workplace Default fund, taking its ESG exposure from 30% to 60% for investors still in the growth stage of accruing funds for retirement, and will increase to 40% for those in retirement. Aegon worked with BlackRock on the range of six iShares ESG equity index funds which track newly-launched Morningstar ESG Enhanced indices, covering regional and country-specific exposures. Aegon Property Income fourth distribution due late April The new indices have an explicit 30% decarbonisa...

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