I want to combine my pensions

Combining your pensions, sometimes referred to as pension consolidation, means combining some or all of your pension pots into one, which you can do at any time. Some people do this when they’re closer to retirement or even when they’re starting a new job. But you can combine at any time you like.

There are many things to consider when looking to combine your pensions, such as the types of pensions you hold.

Your existing pensions might have valuable guarantees that you could lose if you transfer out of the scheme, your current pension may have higher or lower product charges, and there may also be charges to transfer your pension to a new company. You should also consider which death benefits are already in place.

Some things to think about

How can I find out what pensions I have?

A financial adviser can use the Government Pension Tracing Service to track down any pensions from old employers. All you need is the name of your old employer.

Do I have a number of different pension pots?

A single view of your pension pot could make it easier to manage your money, understand your retirement options and give you a clearer picture of what you’ll have when you retire.

Am I in the right funds?

Your circumstances or the level of risk you’re happy with may change over time – so it’s worth checking that the funds you’re invested in are still right for you. Combining your pensions could give you access to a new or wider range of funds.

Is combining my pensions right for me?

If you’re not sure about whether you should combine your pensions a financial adviser can help you decide if combining your pensions is right for you. They’ll be able to review your individual circumstances and explain the process to help you decide.

Combining your pensions – Mythbusters 

I can't do this as I don't have a financial adviser

We've got advisers all over the UK, So there could be one near you who can help. – simply get in touch.

I can’t combine my pensions as I don’t know all the details

Our advisers can help you use the government's Pension Tracing Service to track down any pensions from old employers. All you need is the name of your old employer.

It's too complicated

With the support of our financial advisers the pressure's off. From explaining all the jargon, to making sure you don't miss out on your benefits, they'll arrange everything, so you don't have to.

Is combining your pension pots right for you?

If you’re not sure about whether combining your pensions is right for you, you should consider speaking to a financial adviser.

If you don’t already have a financial adviser, don’t worry. Simply make an appointment with one of our advisers.

We believe less can definitely be more. So the advice recommendations we make are from a carefully selected range of products and funds. Using a focused and controlled approach allows us to develop an in-depth knowledge of the products, so we can safely and confidently recommend a solution that’s right for you. This is known as restricted advice.

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Keep track of your pension online

If you're an existing customer, your online service allows you to manage your pension whenever you like. Registering also means going paperless. So as well as being able to view important documents like your annual statement, change your personal details and contact us securely, you'll be helping the environment.

Online Service

Need more help?

Find a financial adviser

Find an independent financial adviser in your area to help you in your future pension planning.

Visit www.unbiased.co.uk and enter your postcode.

Money Helper

Pension Wise is a free and impartial guidance service offered by the Government to help you understand your retirement options. 

The service is available at moneyhelper.org.uk/pensionwise, by phone on 0800 280 8880 or face-to-face by appointment.


Visit hmrc.gov.uk to find out more information on tax rules and legislation which may affect you and your pension plans.