Savings

[ob]

Anyone got pension with Aegon. Been checking mine for year and noticed no payment from employer in Oct/Nov. Shows as coming out on my payslip. Looks like Aegon made system update in August causing contributions to either not be collected or collected but not allocated.

I then decided to check last year's statement and that years investment lost almost 50%. Year before (2022) my investments decrease in value exceeded my investment for the 12 months. I get that it can increase/decrease but to me that seems a lot

 

[denislawsbackheel]

Getting notifications left right and centre today from my savers that after the BoE meeting to hold rates today my interest rates are being cut.

 

[Tommy_Catons_Perm]

Anyone got pension with Aegon. Been checking mine for year and noticed no payment from employer in Oct/Nov. Shows as coming out on my payslip. Looks like Aegon made system update in August causing contributions to either not be collected or collected but not allocated.

I then decided to check last year's statement and that years investment lost almost 50%. Year before (2022) my investments decrease in value exceeded my investment for the 12 months. I get that it can increase/decrease but to me that seems a lot

Which fund(s) is the pension invested in?

 

[ob]

Which fund(s) is the pension invested in?

Not sure mate, logged out now. Was just looking at figures as someone in meeting asked if anyone else seemed to be missing contributions on their statement

 

[Tommy_Catons_Perm]

Not sure mate, logged out now. Was just looking at figures as someone in meeting asked if anyone else seemed to be missing contributions on their statement

OK. Is it an employer scheme? The funds would typically be invested in the "default fund" uness you switch it. Default funds are typically cautious and make modest returns. I would not have expected any losses in the last couple of years. You can switch to riskier funds. A simple tracker with low costs might be even better. Eg S & P 500 has increased by about 24% this year.

 

[dickie davies]

Anyone got pension with Aegon. Been checking mine for year and noticed no payment from employer in Oct/Nov. Shows as coming out on my payslip. Looks like Aegon made system update in August causing contributions to either not be collected or collected but not allocated.

I then decided to check last year's statement and that years investment lost almost 50%. Year before (2022) my investments decrease in value exceeded my investment for the 12 months. I get that it can increase/decrease but to me that seems a lot

Wasn't 2022 when big tits and her sidekick trashed the UK stockmarkets?

 

[city2]

Get on the phone to them asap.

 

[NPBlue]

Wasn't 2022 when big tits and her sidekick trashed the UK stockmarkets?

She didn't help, and for the first time in my life since I took my first pension out in the mid 80's, my funds took a significant nosedive, and have performed well below the level I would have expected ever since.

I've no idea why they now increase at a level far below that which I would receive if the money was held in a savings account with the piss poor interest levels they now have.

I watched a video on youtube the other day, when the CEO's of Mastercard and Visa were being questioned in the USA, I suppose a bit like the all party committee meetings we have in the UK, and they were unashamedly admitting their profit margins were around the 50% mark.

I know a credit card isn't the same as a pension fund, but I can't help thinking the whole finance sector is taking the piss out of us and laughing in our faces at the moment.

 

[stonerblue]

She didn't help, and for the first time in my life since I took my first pension out in the mid 80's, my funds took a significant nosedive, and have performed well below the level I would have expected ever since.

I've no idea why they now increase at a level far below that which I would receive if the money was held in a savings account with the piss poor interest levels they now have.

I watched a video on youtube the other day, when the CEO's of Mastercard and Visa were being questioned in the USA, I suppose a bit like the all party committee meetings we have in the UK, and they were unashamedly admitting their profit margins were around the 50% mark.

I know a credit card isn't the same as a pension fund, but I can't help thinking the whole finance sector is taking the piss out of us and laughing in our faces at the moment.

You think...

 

[One Fan Clapping]

Wasn't 2022 when big tits and her sidekick trashed the UK stockmarkets?

The FTSE didn’t really crash during 2022. Indeed it ended up higher at year end. The Russian invasion of Ukraine hit it harder as did Covid.

A 50% loss over a year seems out of kilter. I’d be looking into it and looking for answers.