Full pension review service
Many clients collect several different pensions arrangements throughout their working life; these could be a mixture of:
- Defined Benefit (DB) occupational pension schemes
- Defined Contribution (DC) occupational pension schemes
- Section 32 Buyout Plans
- Stakeholder Personal Pension Plans
- Retirement Annuity Contracts( RACs)
- Self-Invested Personal Pension Plans (SIPPs)
- Group Personal Pension Plans
If you have several pension pots, consolidating your pensions can be an excellent way to get on top of your retirement savings. Having many pensions scattered across different providers can make them extremely difficult and time-consuming to manage.
Consolidating pensions into a single plan can help you with this and reduce the stress and time of managing multiple pots while also giving you more transparency into their performance and the fees you’re paying.
Having all your funds in one place
It can be challenging to keep track of your retirement savings. Consolidating your pensions means that you only need to keep an eye on one pension, and it can help reduce the stacks of paperwork you may currently have to deal with while also giving you more extensive investment options.
A pension plan that’s easier to manage
Many pension plans are quite old-fashioned, with providers communicating mainly via post. In contrast, consolidating your pensions means you can choose a modern pension plan that can be easily viewed and managed online.
Consolidating your pensions can make it easier to monitor the administrative fees you are currently paying and help to reduce them.