Pension Consolidation Advice

Understanding pension consolidation and deciding on most appropriate action to take can be a complex process, particularly if you’re not sure what benefits to look for. If you have ever asked yourself the following questions, then seeking expert advice from one of our trusted advisers is absolutely the best way to find the answers you need:

  • What is pension consolidation?
  • Do I need to consolidate mine?

A large number of people have multiple pensions, including personal and previous company pensions, which they are no longer paying into. It’s a common misconception that these pensions have been ‘frozen’ and they sometimes get disregarded completely. However in fact these pensions have been preserved, and require consistent reviews.

Consolidating these pension plans can often be the best move to make, and it can help you to benefit from improved charging structures. Even just transferring a pension could net you significant long-term savings overall. However, circumstances are different for everyone, and sometimes transferring isn’t the right course of action because you might lose beneficial features and guarantees that are no longer available.

We treat every pension consolidation case individually, providing tailored advice that will lead to the best long-term outcomes. Through getting to know you and your individual circumstances, we can provide you with expert advice regarding:

  • Whether pension consolidation is the right move for you
  • How to transfer your pensions
  • The key pitfalls to be aware of
  • The effect of pension scheme charges

We aim to help take the complexity out of pension consolidation. Our straightforward and precise advice is accompanied by a personal report, detailing the key benefits and features of every plan you have, and our recommendations for how to proceed.

The value of your investment and any income from it may go down as well as up. You may not get back the original amount you invested.

Start your journey with Alterno. Call us on 01926 886 491 to book your first consultation, free of charge.