Pension Consolidation Advice

Pension Consolidation Advice

You may have a number of pensions that you have accrued over the years. These may be a mixture of group personal pension schemes, stakeholder pensions or personal pensions. Having a number of different pensions does provide you with diversity however it can also impact on the overall growth you may experience. There are a number of benefits that can be gained from consolidating your pensions which include:

• Overall reduction in the charges on the pension that will improve the growth of the pension
• A significant reduction in the annual paperwork
• Easy access to the pension values and performance

Pension Reviews

When we review your pensions we will assess a number of areas that can impact on the overall performance of your pension fund.

• Your current range of funds and the performance
• The projected value of the pension at your selected retirement date
• The cost of your pension and how it compares to others in the market
• The impact on your pension value at retirement if regular contributions were increased
• A forecast on the income your pension could provide for you and how much of your current income you are on track to receive in your retirement