What are the Benefits of Consolidating your Pension?

Consolidating multiple pensions can provide several beneficial outcomes.

1. It is easier to keep track of all your pension benefits and gives a clear view of your total pension
   wealth, where it is held, and how much you have saved in each one.
2. Consolidating multiple pensions can help identify cost savings by reducing charges on different
   funds and allowing the transfer of funds from higher to lower-charge pension funds or providers.
3. Consolidation can also make it easier to plan for retirement by showing the total value of all
   pensions in one place, providing an opportunity for review and consolidation into a single retirement
   fund that better suits individual needs and goals.
4. Finally, consolidating multiple pensions may allow access to enhanced investment options which
   could present greater potential for growth over time than leaving them split across various funds or
   providers.
   A pension cannot be accessed until age 55 (57 from 2028). When investing, capital is at risk. The
   value of investments can fall as well as rise. You might get back less than you invested. You should
   only consider these products if you are willing to take some risk with your capital. We will consider
   whether such products are suitable for you before recommending an investment.