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Royal London: Pension reviews

Name: Pension
Rating: 1.71 (93 reviews)

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1.62

Based on 93 reviews, last reviewed 19th Dec 2024

100% decrease in 5 star reviews

in the past 90 days

100% increase in 1 star reviews

in the past 90 days

16%

4 star

80%

Latest highest rating:

5

Royal London are an excellent pensions provider who... Royal London are an excellent pensions provider who I have been with for many years and they provide excellent customer service. Reviewed on: 23rd August 2024

Latest lowest rating:

1

Don't invest with these people Just given the run around trying to claim on deceased pension I was named as beneficiary not happening Reviewed on: 19th December 2024

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About this product

Royal London pension reviews are written by Smart Money People like you. For many of us, our pension is an important part of our financial future. Finding a pension provider that you can trust and rely on is a must for many people. Take a look at our Royal London pension reviews to find out what life at Royal London is really like. If you hold this pension, we'd love you to write an honest review here too!

Royal London Pension reviews (93)

Review of the Royal London, Pension:

Losing money from pension pot rapidly

Ever since deferring the pension pot it has lost money consistently. At this rate there will be nothing left. Customer service say warning was given that it could happen so tough luck, but having been with them for years with no loss, unfortunately blindly trusted them to invest my money wisely. Reviewed on: 9th September 2024

Extremely poor service

I had to initiate the start of my pension process as they never contacted me. I have made over twenty phone calls as they never contact me. They forgot to send paperwork out to be signed. It is now three months after my retirement date and have received one pension payment. I have been told that they have paid the back pay to my pension start date. But no money has been paid into my account. They don't respond to my emails and when I phone I get through to a call center. Their service is absolutely shocking with no respect for their customers. I would in hindsight never use their service. They just don't care. Reviewed on: 3rd August 2023

Poor service

Still waiting 10 weeks for them to sort pension. No communication at all. To many frustrating calls Reviewed on: 2nd August 2023

Delay in paying out my money

I applied to get some money from my pension pot in May..5 weeks later still not got any money .put in complaint but still nothing will be going to financial ombudsmen to get compensation for stress caused .regret ever putting my money in this company . Reviewed on: 20th July 2023

Worse Pension team in London

I am removing my Pension after 8 years. This must be one of the only pension firms to actually lose 2.4% of my pension amount. Just moving my funds to Scottish Widow Reviewed on: 17th July 2023

excellent friendly professional service

Had an excellent friendly and professional service from Jo Medford, when I asked for documents which they had provided to my current providers in 2018. They had the insight to keep a screenshot and sent me this through a secure transfer after verification..so friendly and helpful. Thank you so much Jo. Edith Reviewed on: 13th July 2023

Worst service ever

Wanted to draw down some pension, they have a stupid set up whereby you have to put money into a new plan, the old one still remains, then draw from that. Why. It creates nothing more than additional work for exactly the same outcome, the money can still grow. Then to cap it all off, they transfer all money to the new account, get it wrong and now I cannot access my money until someone decides to get off their backside and get it sorted. Sadly a complaint to the FCA will be done although they’re toothless also. Suggestion, stop making it so ridiculously stupid to get access to funds. Makes me worry whether my money hasn’t performed as well as others due to their stupidity, who knows. Avoid if you can. Reviewed on: 16th June 2023

Poor performance lost money

Got a pension statement today from them, stating I've lost 5.1% of my pension and yet they gave me £1.08 in there so called profit sharing. So how do they make a profit, but lose 5.1% of my money. Of course they make a profit of our losses. I will be cashing out, scams like the rest of the pension thief's. Stay away Reviewed on: 12th June 2023

pension fund decreasing

company is wiping out my pension fund as i get closer to retirement, if anyone has seen there pension fund collapsing as they near retirement then talk to some of the younger people, there pensions are still rising, while older members are seeing there pensions collapse as they near retirement, company is a total scam and ombudsman and regulators do nothing even though they can see what is happening, pension companies are the biggest rip off since thatcher deregulated them , and royal london is one of the worst offenders Reviewed on: 30th April 2023

I feel looked after

Royal London gives me confidence in their products by giving good timely communication about how my pension is doing. I am always updated if anything changes & yearly statements help me keep on track. Reviewed on: 7th April 2023

I've had a better toothache

They are not customer orientated whatsoever. Won't answer phones, so you email them but they send you another email with link, to another Web form, to verify yourself with the same information you emailed them in the first place, nonsense! Reviewed on: 1st April 2023

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