Throughout your career, you may have a mix of employment, self-employment, and private pensions you’ve decided to pay into. The challenge is keeping track of them all and understanding how much you have for retirement. That’s why around £26.6 billion is wasted in lost or forgotten pensions. (Source: Association of British Insurers)
Consolidating pensions means bringing them together into a single account, rather than trying to keep track of them individually. This comes with some big benefits:
Clarity on how much money you’ve saved in total
Less paperwork and admin
The potential to reduce the overall fees you pay
More control over where your money is invested – and your risk level