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Provider review

Aegon

Last verified: Q2 2026 · Source: provider fee page
Fee model
0.60% on first £30k, 0.55% £30k–£50k, 0.50% £50k–£100k, 0.45% £100k–£250k, 0% above £250k.
Tiered percentage, capped above £250k · SIPP available · Workplace available
Annual platform fee by pot size
£25,000 pot
£150/yr
0.60% effective
£50,000 pot
£290/yr
0.58% effective
£100,000 pot
£540/yr
0.54% effective
£250,000 pot
£1,215/yr
0.49% effective
£500,000 pot
£1,215/yr
0.24% effective
£1,000,000 pot
£1,215/yr
0.12% effective
Platform fee only. Fund charges (OCF) are additional: 0.10%–1.5% depending on fund choice (additional to platform charge)
Note: Aegon is primarily an adviser-intermediated platform. Fees shown are for Aegon Retirement Choices (ARC) — fund OCFs apply on top. An additional £75/year drawdown charge applies if taking income. Workplace charges are employer-negotiated. £15 per equity/investment trust trade.

Aegon's Retirement Choices (ARC) platform has an unusual fee structure that becomes very competitive for large pots: the tiered platform charge drops to 0% above £250,000, meaning the maximum annual platform fee is capped at £1,215 regardless of pot size. For a £1M pot, that's an effective rate of just 0.12%. Below £100k, Aegon is expensive (0.50%–0.60%), but the platform is primarily designed for adviser-intermediated use where the overall cost proposition is different. Aegon offers a broad fund range (2,000+) with share dealing available through the SIPP. An additional £75/year drawdown charge applies when taking income. Aegon suits larger pots accessed through an adviser, and is less competitive for smaller self-directed investors.

Strengths
  • +0% platform fee above £250k — excellent for large pots
  • +Broad fund range (2,000+)
  • +Share dealing available via SIPP
  • +Strong workplace pension presence
Limitations
  • –Expensive below £100k (0.50%–0.60%)
  • –Primarily adviser-intermediated
  • –£75/year drawdown charge
  • –£15 per equity trade
Details
Fund range2,000+ funds from multiple managers, plus shares and investment trusts via SIPP option
Minimum investmentNo published minimum (typically adviser-arranged)
Typical fund OCF0.10%–1.5% depending on fund choice (additional to platform charge)
SIPPYes
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Things to consider
  • •Fees shown are platform fees only — you also pay fund-level charges (OCF) on top, which vary by fund choice.
  • •Fee structures change without notice. Always verify the current fee on the provider's website before making any decision.
  • •The cheapest provider is not necessarily the best fit — consider fund range, customer service, platform features, and the specific funds you want to hold.
  • •Transferring a pension may involve exit fees, loss of guaranteed benefits, or loss of employer contributions. Check before you transfer.
  • •This page is factual information based on published fee schedules, not a recommendation to use or avoid any provider.
  • •If you're unsure which provider is right for you, speak to an FCA-regulated financial adviser.

This calculator provides estimates based on 2026/27 tax rates and is not financial advice. Scottish taxpayers are subject to different income tax rates and bands. The calculations assume your salary is your only source of income and do not account for benefits in kind or other taxable income.

For personalised guidance on your pension contributions, speak to an FCA-regulated financial adviser. You can find one via Unbiased or VouchedFor.