Your guide to pension consolidation: The pros and cons you need to know

| Category: News

Do you have multiple pensions? It could make it difficult to manage your pension savings during your working life and when you retire. In some cases, consolidating them could be beneficial.

This guide explains what you need to know about transferring your pension savings, so you have fewer pots to manage. It could help you feel more in control of your retirement and, in some cases, reduce the amount you’re paying in fees.

However, there are reasons why consolidating your pension may not be right for you, including:

  • You have a defined benefit (DB) pension
  • Your pension has additional benefits
  • You may need to pay an exit fee
  • You could benefit from using “small pot” privileges. 

DownloadYour guide to pension consolidation: The pros and cons you need to know now to read more about pension consolidation and understand if it could be the right decision for you.

If you have any questions about your pension or retirement, please get in touch.

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Blue Ocean has always given me the help and advice that I feel protects my family’s investments. Not only have we used Blue Ocean for more than 20 years, but the team have always made us feel welcome. Always at the end of the phone for any advice we may need. Many thanks!

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Rochester, Kent

A client since 2001

Blue Ocean Financial Planning
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