Consolidating company pensions

The chances are you may have a number of different pensions with different employments throughout your working life.

Additionally, you may have different investments with different providers.

They will be able to help you understand your situation and what is best for you.

If you don't have an adviser, we can help you find one in your area.

Consolidating your pension means fewer statements to keep an eye on, along with fewer and potentially lower management charges.

Not all pension types can or should be transferred.

This is particularly true if you’re considering consolidating final salary pensions or other pensions with a guaranteed element.

If you hold a variety of pensions from different employments or with different pension providers and fund managers, this could be a good option for you.Transferring your pension might not be the right thing for you and there are a number of factors you need to consider.For more information, visit the Scottish Widows pension transfer page.Pensions can be confusing, but there is an alternative way to help keep on top of them.Pension Transfers (sometimes referred to as Pot Consolidation) may allow you to combine some or all of your defined contribution pensions in one place.

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A financial adviser is well-placed to discuss the process with you and help you decide whether a pensions merger is appropriate for you.

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  1. Tell her what you want to see and how you want to see it and most of the time your wish will be her command - just be polite, don't be a jerk and maybe ask her in the free chat what she does and doesn't do in private so you know before you head in there.