Aegon UK is set to expand access to private market assets to more than 375,000 members of its second-largest workplace default fund, the £12 billion Aegon LifePath strategy.
From summer 2026, Aegon LifePath will invest across a broader range of asset classes, including diversified global private markets, protected equities and multi-asset credit. The private market assets will be accessed through three Long-Term Asset Funds, managed by specially selected fund managers, including Aegon Asset Management.
This initiative will build on the successful integration of private markets to 700,000 members of Aegon UK’s largest workplace default fund, the £14 billion Universal Balanced Collection.
“We are now taking the next step towards offering improved long-term growth potential and portfolio resilience for pension savers,” said Lorna Blyth, Managing Director - Investment Proposition at Aegon UK. “These innovative enhancements, combined with our proven ability to deliver the necessary breadth and pace required, position us as industry leaders in providing DC pension savers access to investments that have previously been out of reach.”