March 06th, 2023
Your guide to pension consolidation: The pros and cons you need to know
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:
- You have a defined benefit pension
- Your pension has additional benefits
- You may need to pay an exit fee
- You could benefit from using “small pot” privileges.
Download “Your 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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The information on this website does not constitute advice or a recommendation for any product and you should not make any decisions on the basis of it.
Prosser Knowles Associates Ltd is Authorised & Regulated by The Financial Conduct Authority and is entered on the Financial Services Register under firm reference number 446589 http://www.fca.org.uk/register. Prosser Knowles Associates Ltd Registered Address: Beaumont House, 172 Southgate Street, Gloucester, GL1 2EZ. Registered in England & Wales, No. 04520041.
The information contained within this site is subject to the UK regulatory regime and is therefore targeted primarily at consumers based in the UK. The value of your investment can go down as well as up and you may not get back the full amount invested. The Financial Conduct Authority does not regulate Taxation and Trusts. Your home may be repossessed if you do not keep up repayments on your mortgage.
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