Aegon pension drawdown hub: published fees, investment options and features. Updated for 2026. Guidance, not advice.
Estimated yearly cost at £250,000: £1,290 a year (monthly income, no share deals; Platform fee only — fund charges extra).
Position on cost: Not in our DIY ranking: you need an adviser, so it is compared on advised drawdown. Compare advised drawdown platforms
| Drawdown admin fee | £75 a year Included in the yearly cost above |
|---|---|
| Regular income payments | Free |
| One-off (ad-hoc) withdrawal | Not confirmed |
| UFPLS payment | Not confirmed |
| Transfer out (exit fee) | Not confirmed |
| Minimum pot | Not confirmed |
| Cash in the pension | Annual charge is not applied to cash in the cash facility; interest rate not captured. |
Fees checked 23 Sept 2026. “Not confirmed” means the charge is not published or we have not verified it; it is never counted as free.
Sources: ARC charges guide (PDF) · ARC charges (adviser) · Aegon Platform SIPP charges guide
Capital at risk. Comparison information only, not advice. Confirm charges on the provider’s own pages before you act.
You need a financial adviser to use Aegon for drawdown. Its real cost includes the adviser’s fee, so we compare it with other advised drawdown platforms rather than in our DIY ranking.
Platform fees: ARC SIPP: 0.60% to £30k, 0.55% to £50k, 0.50% to £100k, 0.45% to £250k, 0% above £250k, plus £75/year drawdown fee
Fund charges (Ongoing Charges Figure) apply on top of platform fees and depend on your chosen investments. Use our calculator above to see the total annual cost for your specific pot size.
Eligible claims may be covered by the Financial Services Compensation Scheme (FSCS). If a SIPP operator or investment firm fails, the limit is £85,000 per person per firm; a pension provided by an insurer is normally covered in full. FSCS pension protection
Source: Aegon regulatory information, checked 23 Sept 2026.
No new verified updates this month. We only list items we can cite from an official RNS, company newsroom or official blog.
15 Apr 2026
Standard Life plc announced an agreement to acquire Aegon UK plc for a total consideration of £2.0 billion. The RNS says the transaction is subject to regulatory conditions and is expected to complete around the end of 2026.
Last verified: 8 Sept 2026.
Also compare: Vanguard, Interactive Investor, AJ Bell Youinvest, Hargreaves Lansdown, Fidelity Personal Investing, and all UK providers we track.
Free, impartial guidance: Pension Wise offers free appointments to people aged 50 or over with a defined contribution pension, and MoneyHelper’s investment pathways comparison tool compares drawdown providers’ ready-made options. Both are backed by the government.