Aegon Pension Plans

joinery2002

OK what i am seeing on my pension is from 2017 the value of it then along with £9540 contributions over the 3 year period and its now worth £3411 less than my contribution and obviously its made nothing within that period ?

SonOf

OK what i am seeing on my pension is from 2017 the value of it then along with £9540 contributions over the 3 year period and its now worth £3411 less than my contribution and obviously its made nothing within that period ?

2018 was a negative year (the final quarter of 2018 saw around a 15% loss). 2019 was a positive year. So, even if you average those two out, you should be up.

So, something is not correct in the figures you are looking at or you are misreading them or the dates you are looking at are old.

what i am seeing on my pension is from 2017

2015/16 suffered a negative period that quickly recovered by early 2017.
Maybe give us the dates of before and after? and perhaps the individual fund values before and after.

Blackavar

Xylophone - That document is an amazing discovery - especially as I've just been summarily bounced by Financial Ombudsman ( thread to follow). Do you know if this is current?

xylophone

Xylophone - That document is an amazing discovery - especially as I've just been summarily bounced by Financial Ombudsman ( thread to follow). Do you know if this is current?

I'm afraid not - I just came across it when looking up the S32 details.

Will you try the Pensions Ombudsman?

Blackavar

No, I don't think so. It has taken 7 months to get a rejection email from FO which looks like it has taken less than five minutes to put together and consists mainly of my objections followed by rebuffs in a different font obviously supplied by Aegon. I have no confidence that the person considering the case actually understood or had any interest in it. I can't imagine Pensions Ombudsman being any more timely, diligent or interested. I now have a Plan B, which may work (awaiting phone call) which will cost me what I am prepared to pay. I also have a Plan C that will definitely work but will be expensive (but not a percentage of all of my pensions).

llamudos

I have just swapped my reassure pension (some old pension scheme that's been sat doing nothing as it was an opt out of serps pension i had as a teen) TBH i forgot i had it for many years as the post went to a different address.
I moved it to Aegon Retiready scheme recently.
Their are some RISK options which you can set (1 to 5). I have initially set this at Risk 3. I'm 50 and want to retire at 60. I was wondered if it was better to go high risk (5) for the first 9 years and take a punt, then go low risk in the last year? I have a pension pot of just £8,250 in it at the moment and will transfer £160 in each month to top it up further as its a good way to gain 20%.

I also have a workpace pension (which is a defined Benefits scheme (final salary scheme) but want to use the retiready as a top up option before state pension kicks in at 67. What i'm asking is it worth the gamble?