Aegon scraps technology fund

The £8m fund, which launched in 1985 and is currently headed by Simon Carter, is no longer economical for the company to run as dealing charges and fees will potentially erode capital going forward. Investors in the fund are now being offered a free switch into an alternative fund before it closes on July 31, while ISA and PEP investors can also switch to another provider if they prefer. Jon Bennett, Aegon’s director of retail fund business, said: “The fund has now fallen to a size which means it is no longer economically viable to continue running.” In its heyday the fund reached ...