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  3. Can I consolidate all my different pensions into one scheme?

Can I consolidate all my different pensions into one scheme?

Yes, though it may require you to give up certain guarantees. 


If you have multiple pension schemes, it can be hard to keep track of them all – especially old ones – and some can be expensive. It can therefore be appealing to consolidate them all into scheme, and it’s certainly possible, but it can come at a price. Consolidating can mean giving up guarantees or protected rights that you have on specific plans, so always seek advice before making any significant changes.

Brookson Advice: 
We offer a pension switch and transfer service, and can review your existing policies at any time. If we believe a change would be in your best interest, we can provide you with a formal transfer / switch recommendation. 

Updated on 3rd November 2020

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