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Aegon: Pension reviews

Name: Pension
Rating: 2.02 (222 reviews)

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1.74

Based on 222 reviews, last reviewed 5th Jun 2025

100% increase in 5 star reviews

in the past 90 days

150% 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

I have two policies with this lot. have two policies with this lot. I reached 55 and had received a letter saying do you want to withdraw your pots. 2.5k in total. Since 29 April ive be... Read more Reviewed on: 5th June 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Aegon offered a Retiready Pension which was withdrawn for new customers from December 2023.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 (222)

Review of the Aegon, Pension:

My dads pension

I’ve called this place over 30 times within a month they keep me on hold Longer than 15 min or just hang up My father passed I live in America they said they wired me my fathers pension I explained more than 30 times I have not received anything they keep telling me to contact my bank I still have not received anything I told them to cancel the wire so I can have it sent to my brother that lives in the uk they won’t do that neither They have horrible customer service no sympathy I will never recommend anyone do buisness with them Reviewed on: 19th October 2022

Impossible to get your money out.

I've been waiting for my lump sum for over thirty days. Phoned them today and nothing had been done with it. Assistant upgrade my request to urgent. Emailed a formal complaint, again! Not holding my breath for a result anytime soon Next step complaint to FCA. Reviewed on: 11th August 2023

One of the worst companies I have dealt with

Let's see..it's been nearly 4 weeks transferring a pension out to another provider. Aviva managed to process this in four days? You can't get through on the telephone to Wagon. It takes weeks for an email response. Horrendous. Reviewed on: 7th August 2023

Titanic pension

My retirement pension with Aegon is going down faster than a sinking ship, down by nearly 25% this year, at this rate nothing left in 3/4 years. And this is a low risk policy that quotes " designed to preserve the fund " utter joke!! Reviewed on: 5th August 2023

Useless

Husband been trying to get a lump sum from his pension.say a letter was sent.didn’t receive.did forms online.they rang him next day.everything fine.get an email saying ‘we aim to complete within 12 working days.27 working days later. NOTHING.have rang numerous times.they will put a note on it.have now put a complaint in.next step financial ombudsman.awful company Reviewed on: 28th July 2023

failure to transfer funds to another provider

abject incompetence from Aegon asking for British identification when I dont live in the uk writing by post for urgent approvals but sending everything else electronically rejected certified copies of my identification but when you ring to speak to them you have to pass 7 identification questions clowns and jokers Reviewed on: 12th July 2023

How to lose Money

Lost over 40% with a default lifestyle fund. Moved to a so called stability fund to stop the decline guess what its still losing money. Better off with premium bonds. Reviewed on: 10th July 2023

Losing so much money on little investment return and high fees.

Like everyone else on here, I'm getting very worried how badly my pension is performing. It would be better stuck in a bank account. I'm trying to move it elsewhere beefore l Lose any more money but just cannot get in touch with them. This is really quite scary. Reviewed on: 3rd July 2023

Won't pay my pension. Dreadful customer service.

Supposed to pay me my pension draw down on the 25th May. They didn't. Told me they would pay me on the 12th of June. They didn't. Spun a yarn that they had paid me. No money in my account. They won't give me a reference number of the payment transaction. These cowboys are running their payroll services every 3 or 4 months or so to save money. I'm guessing 2 months because the FCA is supposed to investigate after 8 weeks. So in the middle of a cost of living crisis and you need your pension, well you'll just have to "hold your nerve". Reviewed on: 27th June 2023

Pension

Aegon sent me a letter to say the money from my pension would be paid in to my account the beginning of June, I’m still waiting and no-one can tell me why there is a delay. The complaints department don’t respond so I have referred this to the Financial Ombudsman - there is no way I would ever touch this company. I feel sorry for the people who work in customer service there because they don’t have answers to any of the queries. Appalling service - I don’t even want to give them 1 star to be honest Reviewed on: 21st June 2023

Useless!

I have tried contacting Aegon to just find out my Plan Number - impossible, without my Plan Number. I will try to write to them 9as you cannot email or phone them) but do not hold much hope. Worse experience I have had, noting I have 3 other pension providers! Reviewed on: 20th June 2023

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