The benefits of combining pensions
All your pension pots in one place
If you have various pension pots, it can be pretty tricky to keep track of your retirement savings. Consolidating pensions means that you only need to track one pension plan. You don’t have to deal with lots of paperwork from several different providers. This will make it easier to estimate the pension income you can expect to receive from your plan. Taking less time to see how your pension investments are performing.
A pension pot that’s simpler to manage
Many older pension plans are old-fashioned, inflexible and a have a limited fund range. These same providers communicating via post, with no online access. They may not allow flexi access drawdown pensions that many people need these days.
Combining pension pots within one new pension plan enables you to manage it online. This makes it easier to check your fund values. Pay extra contributions or seeing your projected retirement income.
Consolidating pension pots can make managing your retirement money easier. Putting you back in control of your pension savings.