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Aegon: Pension reviews

Name: Pension
Rating: 2.03 (221 reviews)

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1.75

Based on 221 reviews, last reviewed 21st May 2025

100% increase in 5 star reviews

in the past 90 days

100% increase in 1 star reviews

in the past 90 days

15%

12%

68%

Latest highest rating:

5

Excellent It is a safe company, since I joined, it has always been safe and I will continue with it in the future. Reviewed on: 27th April 2025

Latest lowest rating:

1

Cant get my money out it’s only a small amount want... Can’t get my money out it’s only a small amount want to transfer it to my much larger pension keep getting turned down and promised to get help but ne... Read more Reviewed on: 21st May 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Aegon offered a Retiready Pension which was withdrawn for new customers from December 2023.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.

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Aegon Pension reviews (221)

Left hand doesnt know what right is doing

So disorganised it is frightening when they are dealing with other peoples money, everything takes ages. Really considering moving my pot elsewhere. Reviewed on: 24th April 2019

Taking a lump sum

My experience with Aegon has been truly awful. Their turnaround time on documents is around 10-14 days they are exceptionally arrogant and incompetent in equal measure. Three months on I am still waiting for my money and being told repeatedly that I am the delay. There is no real communication from them and you just waste hours trying to resolve things. Don’t put your money with them if you ever think you might want it back! Reviewed on: 6th October 2018

Technologically very poor and terrible service

I have wasted 5 hours over 2 days this week trying to find and change funds. The funds I wished to transfer to do not appear in the available funds list on the website, despite being being one of aegon own funds and are apparently available, just not online. Baillie Gifford balanced managed Blackrock 50 50 After a telephone call, aegon staff sent me the transfer form, which I can complete manually and either post it, fax it or use the digital customer enquiry service. I'm unable to reply to the email as its a no reply. 1) post takes days and funds change price during that time. 2) who, other than hospitals use a fax these days 3) the digital enquiry service does not work for fund switches, despite it being offered in the email with the pdf form that can't even be completed without the help of a tree to print it out. So, the service that I pay aegon for (£30,000 over the past 20 years in charges alone) is failing badly and aegon is not utilising technology to any customer benefit what so ever. I simply can't make a simple 2 minute transaction on line to transfer funds that don't appear in the available list. The methods suggested are time consuming and the digital enquiry, offered as an option doesn't work. Over the years aegon have earned a small fortune from my pension and the above is a massive kick in the teeth. Do they care about customers at all? It appears not. Shoddy, outdated service that belongs in the 19th century. I have subsequently emailed aegon to raise an official complaint. Having received no acknowledgement, I have today had to call them again to obtain confirmation that my complaint has actually been received. This they did, but said it would take them 5 working days to respond. I will vote with my feet and have already found a new provider who is already operating in the 21st century and where I don't have to waste endless hours for a simple transaction. My advice is to avoid this company. Reviewed on: 3rd August 2018

Argon - Arrogant Customer Service

I've had a smallish occupational pension which was invested with Aegon. I recently applied to take it as a lump sum. It was under £30k and I have had no income for the past year yet they taxed me at 40% and 45% on most of it. I paid over 10k tax on 26k. HMRC advise that I should have paid just over £3k. This is supported by Aegons competitors online calculators and by HMRC the latter if who said that Aegon should have asked some basic tax and income figures for the past year which they didn't. I have been promised return call after return call by key staff in both their customer service and complaints department. Which never materialise. They love saying "tomorrow" and when tomorrow comes they say the same again. They have senior managers who effectively hide under their desks and consider themselves far too important to deal with genuine customer concerns. I now have to go through months of correspondence with the tax office to get over £7k back all because Aegon have an arrogant better than you attitude to customer service. They also use the old fashioned 1 week BACs payment system rather than CHAPs to make their payments. Ive experienced no credible customer service management at Aegon Reviewed on: 11th April 2018

Flexible portfolio management, great customer service

My work pension changed providers to Aegon and the difference from our previous provider is huge. Much easier to manage investment options and a great website. The customer service is excellent, too. Reviewed on: 30th January 2018

Aegon SIPP

Good solid product with low fees. Reviewed on: 6th January 2018

Intellectual advice

Comfortable future thoughts knowing that I am in safe hands Reviewed on: 1st August 2017

Excellent customer service and information easy to obtain

I have received great customer service from Aegon and all of the required information has been easy to obtain and is easy to understand. Reviewed on: 12th July 2017

Easy access and great customer service

When I contacted Aegon to transfer the value of my pension to a new provider they were professional and ensured the process was smooth and secure. Reviewed on: 11th September 2016

Slow administration and lack of understanding of customer needs

I had a pension policy with Aegon from a previous employer, which I wished to continue after leaving. This was much more difficult than expected and took about 6 months to set up. They insisted that I had to verify my identity with a certified copy of my passport, despite the fact that I was already a customer. When I later wanted to add another lump sum, this seemed to confuse them. They sent me the wrong form, then ignored me then twice told me they needed to verify my identity again. Eventually I managed to get it sorted but I would not recommend Aegon and wish I had chosen a different company. Reviewed on: 24th December 2015

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