Has your pension pot got a few missing pieces?

TRACKING DOWN LOST CONTRIBUTIONS AND DECIDING WHETHER TO COMBINE THEM COULD BE KEY TO SECURING YOUR FINANCIAL FUTURE.

- BY CAMILLA FOSTER

pension savings and protections with existing pots that they may have and decide whether and where to consolidate their pensions,” says Lizzy. “They can do this by asking a pension provider to consolidate their pots for them.” As Lizzy says, some pension providers, such as PensionBee and Aviva, can do much of the legwork for you. However, take stock before pulling the trigger.

“Consolidating pension savings isn’t always the right solution, and savers should consider the pros and cons as well as seeking advice if needed,” adds Lizzy.

“The UK government-backed MoneyHelper service is another great resource with plenty of helpful guidance on its website.”

What should you think about before making a switch?

As Lizzy says, there are pros and cons to consider before consolidating your plans. Many of these are specific to the plans you already have and any additional benefits they may offer, but your own long-term financial plans and goals need to be factored in too.