Financial Fundamentals: Is pension consolidation right for you?
With each new job comes – typically – a new pension. While it’s always wise to enroll in any employer pension available, the proliferation of separate accounts, potentially combined with personal pension savings schemes, can have its downsides. Scattered pension accounts can make it difficult to see a holistic picture of your projected retirement income, and the perceived admin involved in tracking multiple pension pots may deter more proactive management of your pension pot. More ...