Tidying up and understanding your pensions
If you’ve worked for a number of years or you’re close to retirement, you have probably had a quite a few different jobs and with them quite a few different pensions. Most people leave their pension alone when they leave a job. This could mean you have accumulated lots of different pension pots. In this video Chartered Financial Planner Carl Roberts explains the advantages and disadvantages of consolidating your pensions into one pot.
This video explains:
- Watching out for penalty fees on transferring older style pensions.
- How your older pensions may still have valuable benefits no longer available on newer pensions.
- The ease of administering and managing your pensions once consolidated and how you could benefit from lower charges.
Stock market linked investments and any income from them, can fall as well as rise and is not guaranteed. Any figures quoted are for illustrative purposes and should not be taken as a forecast or guarantee. Past performance should not be seen as an indication of future returns and clients may get back less than they have invested.