Getting the right advice and support for you
Every year, many people combine the money they have saved in their pensions by transferring them into one new pension. There are many potential advantages to doing this:
- Simplicity – having all your pensions in one place can make them easier to manage
- Flexibility – transferring may get you more flexibility with what you can do with your money
- Fund options – there may be more suitable fund options available
- Leaving money to loved ones – not all pensions allow you to leave your money to your loved ones, or there may be restrictions on how they can access that money
- Charges – you may be able to lower your pension and fund charges by transferring
There are also reasons not to transfer a pension. We strongly recommend talking to one of our financial advisers to find out if this important decision is right for you.
Help deciding whether to combine your pensions
Combining your pensions is a big decision and our advisers can help in a number of ways.
An expert review
Transferring isn't always the right thing to do. Our financial advisers are experts in this area and will let you know if it's right for you.
Peace of mind
Speaking to one of our financial advisers will give you comfort that an expert has reviewed your finances and recommended what's best for you.
Plan creation
We'll create a financial plan that's tailored to your specific circumstances and your future goals.
Where to invest
We'll recommend the fund that is most suited to meeting your needs now and in the future
We'll do the hard work
We'll talk to your existing providers, complete all the paperwork and set up your new pension for you.
Keep on track
If appropriate, we'll regularly review your pension and make any changes to keep it on track.
As with all investments, the value can go down as well as up and you may get back less than you put in. We provide our customers with financial advice using a carefully selected range of products from Prudential and other providers. This is known as restricted advice.
Common questions you might have
If you're thinking about combining your pensions, you may have a number of questions we can help with, such as:
- What impact will transferring my pension have on the money I’ve saved?
- Is it a good idea to bring all my pension pots and savings into one place?
- What’s the cost of transferring my pension?
- Can I transfer my Defined Benefit or Final Salary pension?
- Can I leave more money to my loved ones?
- Will I have more flexibility if I choose to move my pension money?
There’s no charge for your first meeting with us and no pressure to proceed after speaking to us. If you decide to proceed with our recommendation then a charge would apply.
Our promise to you
Your first meeting won't cost you a penny
Guarantee to provide you with a personal recommendation, at no cost*
We won't put pressure on you to take our advice recommendation
*charge only be payable if you choose to proceed with our recommendation
"M&G Wealth Advice” is a trading name of M&G Wealth Advice Limited which is registered in England and Wales. Registered office at 10 Fenchurch Avenue, London EC3M 5AG. Registered number 5739054. Authorised and regulated by the Financial Conduct Authority.