Yes, you can transfer other pensions into your Aegon plan, however there may be some restrictions.
Before you transfer, we recommend talking to a financial adviser, as there are a number of important factors to consider. For example, you should:
- Get a transfer value from your other pension plan providers.
- Ask us for an estimate of the transfer value of your pension pot with Aegon.
- Ask a financial adviser to prepare a transfer value analysis.
- Compare products – check you won't lose valuable features, protections, guarantees, or other benefits.
Before you make any decision, remember transferring may not be the best option for you. You may lose features, protections, guarantees or other benefits - so make sure you compare products before transferring. It’s up to you to decide if this is the right decision for you. If you’re not sure, speak to a financial adviser - there may be a charge for this.
It’s important you know that the value of your consolidated pension pot can still fall as well as rise and the final value of your pension pot when you come to take benefits may be less than has been paid in.
Any new funds your money is invested in will have their own set of risks that will be detailed in the fund information available to you.
Guidance on combining your pension pots
Aegon Assist can help if you don't have an adviser and need guidance if you're looking to combine your pension pots. They won't be able to give you financial advice but they can give you information to help you make your own decisions.
Contacting Aegon Assist
If you have a question about a policy or product, or want to get in touch please visit our support page.
If you have access to our online services, you may be able to log in and complete your action securely.
Pension Wise, a service from MoneyHelper, is a free and impartial government service offering guidance about your retirement options. This service is available online at MoneyHelper, by phone on 0800 138 3944, or face to face by appointment. If you're not sure if combining your pension pots is right for you, a financial adviser will be able to help.
If you don't have a financial adviser, you can visit MoneyHelper to find the right one for you.