Aegon Pension savings

sultan123

Has anyone used Aegon previously for pension? Any views on if good/bad etc

Prism

My workplace pension uses it. I wouldn't use it out of choice. Expensive, not many options.

Alistair31

Prism said:

My workplace pension uses it. I wouldn't use it out of choice. Expensive, not many options.

Yeh, same here.

dunstonh

sultan123 said:

Has anyone used Aegon previously for pension? Any views on if good/bad etc

Which Aegon are you referring to?  They have multiple propositions operating different models.

Aegon Retirement Choices
Aegon Retire Ready
Aegon Cofunds
Aegon Scottish Equitable

sultan123

Prism said:

My workplace pension uses it. I wouldn't use it out of choice. Expensive, not many options.

What do you mean expensive and not many options

sultan123

Alistair31 said:

Prism said:

My workplace pension uses it. I wouldn't use it out of choice. Expensive, not many options.

Yeh, same here.

In what sense? My workplace also uses it and has asked if I will join

sultan123

My workplace has said if I contribute 2% they will put in 8%

jimjames

sultan123 said:

My workplace has said if I contribute 2% they will put in 8%

If that's the choice then worth doing regardless. Even if it's higher cost you're getting 4x the amount you contribute added as well as tax relief

Prism

sultan123 said:

Prism said:

My workplace pension uses it. I wouldn't use it out of choice. Expensive, not many options.

What do you mean expensive and not many options

If you were picking yourself from any platform you could probably find better. However if this is your workplace pension (mine is too) then its absolutely fine. The company contributions more than make up for a smaller set of investment choices. 

Prism

sultan123 said:

My workplace has said if I contribute 2% they will put in 8%

That's decent. My company puts in only 4%

Snapdragon

dunstonh said:

sultan123 said:

Has anyone used Aegon previously for pension? Any views on if good/bad etc

Which Aegon are you referring to?  They have multiple propositions operating different models.

Aegon Retirement Choices
Aegon Pension Ready
Aegon Cofunds
Aegon Scottish Equitable

Not sure which of those names mine would be, its a Retiready Pension account, invested in the Scottish Eq Bal Lfstyl Pn 2027 (ARC). However it appears very expensive coupled with poor growth. Have been intending switching it to a Vanguard SIPP for lower costs, but just as I decided to do that the markets dropped so have delayed the move as am now worried its not a good time to switch.