Transferring/Investing Aegon Pension Fund

Salam Aqib,

Glad you found the response helpful.

Aegon is right in saying that you cant start drawing until you reach the minimum retirement age of 55 which I believe is about to be changed to 57 by the government. However, that does not mean that you cannot “transfer” to another pension provider. If let’s say you decide to open a SIPP with AJ bell, give them a call and they will kick off the transfer process for you without you running around.

I cannot advise you as I am not an IFA and don’t know your individual circumstances.

All I can say is that HSBC Islamic Global Equity Index is a very popular choice as a pension fund by even the mainstream pension providers who probably only have one shariah-compliant option available e.g. Pensionbee.

What I would say is that you should always try to keep your fees at a minimum. You may want to read this thread Comparing Platform Fees

Hope this helps

May Allah guide you and remember me in your prayers

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