Transfer Your Aegon Pension | Guide & Process 2026
Complete guide to transferring your Aegon pension. Fees, timelines, process steps and what to check before you transfer. Updated for 2026.
10 min readUpdated April 2026
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Aegon Pension Transfer: Overview
Aegon is a global financial services company with a significant UK presence, managing over £230 billion in UK retirement assets. Their pension platform offers one of the widest fund ranges in the market, along with SIPP capabilities and comprehensive retirement planning tools. Aegon is a major player in both workplace and personal pensions.
Fees and Charges
Aegon pension charges: 0.40% platform charge, reducing for larger pots. Always request a transfer value illustration before proceeding, as older policies may have different fee structures or exit charges that could affect your transfer value.
Fund Options
Over 2,000 funds from hundreds of fund managers. When transferring, you will need to choose new funds with your receiving provider. Consider whether your current fund selection aligns with your retirement goals and risk tolerance before and after the transfer.
Transfer Process and Timeline
The typical transfer timeline for Aegon is 4-8 weeks for standard transfers. To initiate a transfer, contact your new pension provider with your Aegon policy details. They will submit a formal transfer request. During the transfer, your investments may be temporarily held in cash, so timing can affect your returns.
Important: Before transferring any pension, check for valuable guarantees such as guaranteed annuity rates, guaranteed minimum pensions, or protected tax-free cash. These benefits cannot be replaced once surrendered. If your Aegon pension has a transfer value above £30,000 and includes defined benefits, you are legally required to take independent financial advice.
Pros of Aegon
Massive fund range with over 2,000 options
Competitive platform charges that reduce with scale
Strong online platform with good tools
SIPP option allows share dealing
Established global brand
Cons of Aegon
Platform can be complex for beginners
Customer service mixed reviews
Charges on smaller pots can feel high
Navigation on website could be improved
Who Is Aegon Best For?
Aegon transfers are ideal for investors who want access to a very wide fund range and are comfortable with a more complex platform. Excellent for those with larger pension pots who will benefit from tiered pricing.
Transfer checklist: Before you transfer, gather your policy number, check for exit charges, confirm any guarantees, compare fees with your new provider, and ensure the receiving scheme can accept the transfer type. Allow 4-8 weeks for standard transfers for the process to complete.
Frequently Asked Questions
You can start an Aegon transfer online through their platform or by calling their transfer team. You will need your existing pension details including the provider name and policy number. Aegon will contact your old provider and manage the transfer process.
Aegon charges a platform fee of 0.40% on the first £100,000, reducing to 0.25% on the next £150,000, and 0.10% on amounts over £250,000. Individual fund charges apply on top, typically ranging from 0.10% for trackers to 0.90% for actively managed funds.
Yes, Aegon offers a full SIPP that allows investment in funds, shares, investment trusts, ETFs, and government bonds. The SIPP has the same tiered platform charging structure, making it competitive for larger pension pots.
Yes, Aegon supports transfers from multiple pension providers into a single account. This consolidation can simplify your retirement planning and may reduce overall charges. Each transfer is handled independently but managed through one dashboard.
Standard Aegon transfers take 4 to 8 weeks. Cash transfers are usually faster than in-specie (fund-to-fund) transfers. If your existing provider holds with-profits or guaranteed funds, the transfer may take longer due to additional checks.
Aegon is a FTSE-listed global company with operations in over 20 countries. UK pension assets are held in trust separately from company assets and are covered by the FSCS. Aegon has strong financial ratings from major credit agencies.
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