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Aegon: Pension reviews

Name: Pension
Rating: 2.03 (216 reviews)

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1.68

Based on 216 reviews, last reviewed 3rd Mar 2025

No new 5 star reviews

in the past 90 days

75% decrease in 1 star reviews

in the past 90 days

15%

12%

68%

Latest highest rating:

4

Communication expert Excellent in communicating business useful information Reviewed on: 3rd March 2025

Latest lowest rating:

1

Terrible online portal, takes about 3-4 minutes to l... Terrible online portal, takes about 3-4 minutes to load, and even then often fails to load the pension scheme. Adding a new employee to a pension sc... Read more Reviewed on: 28th January 2025

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About this product

Aegon offered a Retiready Pension which was withdrawn for new customers from December 2023. For existing customers, it has a maximum service charge of 0.5% per year.

Aegon also provide workplace pensions through Aegon Retirement Choices. The UK-based Aegon Assist team can guide customers through retirement options.

Aegon Pension reviews help you make a smart buying decision. If you’ve used Aegon before, leave a review of your own and help others understand what it’s like to be a customer.

Aegon Pension reviews (216)

Review of the Aegon, Pension:

Stay clear of dealing with this company

Slow company to do anything, make promises they never keep and have appalling customer service and send out misleading documentation Reviewed on: 14th January 2025

Investment return in 5 months - minus £5000

I am seriously considering moving my pension away from Aegon Retiready plan. The performance is the worst I've ever seen - I am losing money in spite of regular contributions! More than £5000 has evaporated since the beginning of 2022! What is more, nobody bothers to answer my emails. Awful performance, non-existent customer support, losing money instead of saving and growing. Reviewed on: 10th May 2022

No reply, incorrect information

I used to be an IFA and Aegon were great, then they cut staff. Now they are appalling. Don't answer phone calls or emails, takes months to do anything delaying with unnecessary paperwork. Gave me information more than once that was totally incorrect if I had not questioned would have cost me thousands. The ethical fund which was meant to be a dark green fund now has coca cola in its top ten and that's digusts me the most. Aah Reviewed on: 9th May 2022

Bloody fraudsters!

Not responded in weeks, unable to get access to my pension pot now as they’ve engineered the website to take you round in circles! No chat line works. No one answers phone. No response to emails. THIS IS FRAUD AND THEFT! Bloody scammers. Reported to Financial Ombudsman and serious fraud office who are investigating. Contacting journalist and financial tv programmes now. SCANDALOUS! Reviewed on: 5th May 2022

The worst company I've ever been

They newer answer to e-mail, phones or whatever. Steal your money, once you want to withdraw they charge whatever they want without any explanation, change the valuation unilateraly, require forms and papers they never did when you gave them your money trying to delay the reimbursement. No taxes forms for declaration available, they never release them on time, nor upon requirement. Very bad manners. Terrible company. Don't invest your money here, they are scam!! Reviewed on: 27th April 2022

Group Pension Lump Sum Not Actioned

Firstly Aegon had no records of any contributions made to them even though these had been made every month since September 2021. I asked for my Group Pension lump sum to be paid to me nearly two months ago. I was told i would need a quote from them that took weeks to receive, and if I was happy to go ahead then to reply direct to the email, which I did. On receiving my confirmation, the email said the money should be paid within 12 days. I called to check on day eleven quoting the RESET number given for further communication. The call handler said this number was of no use. There was no record of my email and the attitude of the call handler was that he didn't care. No apology. The quotation I received said to accept the quote within 28 days or the lump sum payment would be cancelled. If I hadn't have called to check then the 28 days would have expired and I would have had to start the whole process again. Reviewed on: 25th April 2022

Avoid Aegon Uk - Incompetent

Aegon Uk is the worse company I have ever dealt with. I am trying to get a simple pension procedure sorted out, all the paperwork is in order, and a month later it's still not done. For the last 3 week I keep being told it will be done in 3-5 working days. I have had to phone numerous times and wait for 30 minutes each time to be put through. The customer service staff are shocking, and seem to say anything to get you off the phone, one even told me it had been completed when it hadn't. I have read other reviews where people are reporting them to the Financial conduct Authority, I feel I will have to do like wise. I would avoid this company at all cost! Reviewed on: 26th March 2022

Bad investment

A small pension pot i didnt know about and figure has only doubled in 30 years!! Think they need to learn a skill of how to invest Reviewed on: 21st March 2022

Stalling to make more money on my money

Strangely unprofessional company that should know better. They simply drag their feet and use delay tactics at every turn. How they are still trading is beyond me and I will report them to whoever they may be answerable to. Simply put, they should not be a pension option. offered by large businesses. Reviewed on: 11th March 2022

I wouldn't recommend this company to anyone!!!

they don't allow you to withdraw you Pension when you reach 55 Reviewed on: 11th March 2022

WORST CUSTOMER SERVICE EVER

Been trying to receive my small pot pension for months, they are totally incompetent rude, wont reply to emails i had another small pot with Scottish widows who were brilliant, its like they dont want to pay me whats mine,,, avoid Reviewed on: 7th March 2022

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