Pension consolidation is compelling for those seeking an organised and coherent approach to retirement planning. With an astonishing £26.6 billion tucked away in dormant pension pots, the appeal of regaining control and optimising these funds is clear.
If you’re trying to keep tabs on multiple pension pots, scattered across different providers, combining them offers plenty of advantages – including making everything that much easier for you to manage. And if your existing plans come with high fees, the switch to a single, streamlined plan could even improve the health of your pension fund.
Pensions are essential for a stress-free retirement, and merging multiple pots is growing in popularity. But is consolidation the best approach for you?