MANAGE WHAT YOU'VE GOT
People move jobs a lot these days. So that could potentially mean ending up with lots of different pension plans and with lots of plans in various places you run a much higher risk of losing track of them. Could combining your pots make life simpler?
If you only do one thing today
Tracking down past pensions might help give your finances a boost. It's worth considering if combining your pensions is right for you as it could make your retirement savings easier to manage. There are a few things to consider before you do though, so make sure you read through these considerations before you start the process.
Should you combine your pension pots?
If you have various pension pots with different providers, you might want to consider combining your pension pots into one place. This could make it easier for you to manage your pension pot and keep an eye on how it's performing. Pension transfers require careful consideration as there are a number of things you need to understand before deciding if it’s right for you. You need to be careful that you don’t lose any guarantees or features, and you should also compare the charges and funds. We don’t offer financial advice as part of this process and we won’t compare pension charges for you, so you’ll be responsible for making sure that transferring is in your best interest.