COMBINING PENSION POTS
Combining pension pots: how could it help you?
These days, most people have pensions here, there and everywhere. As if they weren’t confusing enough! But there’s a simple solution... bring them all together as a single pot.

Consolidate your pension savings
Confidence in your financial future

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Because you can’t plan ahead if you don’t know what you have. And if you’ve got multiple pension pots – each with different fee structures, growth rates and projections – it's that much harder to build a clear picture of the future.
Kept together in a single pot, you can clearly see how much you have now, what that could amount to later, and whether you need to start saving more to meet your goals. It’s a lot less paperwork too!
But is it really a problem to have too many pensions? Surely it can’t be that bad...
Back in 2012, the government introduced a rule that gave employers a new responsibility: they have to automatically enrol their employees onto a workplace pension plan. It’s very much a good thing, taking away the hassle of choosing a pension and helping you save for the future. You put money away each month and your employer adds a little extra.
Great!
However, as useful as it is, this ‘auto enrolment’ rule has introduced a problem. If you get a new pension every time you start a new job, what happens to the old one? In many cases, it gets forgotten.
In other words, if you’ve had multiple jobs over the past twelve years (since auto enrolment began), you’ve also got multiple workplace pension pots. Do you remember where they all are? Did you even know you had them?

You could have savings you didn’t know existed
The great thing about Iris is that she’ll track down all your old pensions for you. You don’t need to know where they are, just where you worked.
It’s not uncommon to find thousands or even tens of thousands sat in an old pension collecting dust. In fact, across the UK, there’s an estimated £27 billion in pensions that are classed as ‘lost’. Mad to think of, isn’t it!
And it’s largely because pensions have become so confusing and scattered. To keep it simple, keep your savings together!
Pension consolidation is an easy win with Iris
Usually, to transfer the savings from one pension into another one, you’d need to dig out all the paperwork, search for your policy numbers and balance estimates, and make a load of phone calls. In recent years, that’s become a lot easier because of the Cushon app. And now, thanks to our latest cutting-edge innovations, it’s easier still.
I do all the legwork for you. To track down and consolidate old pensions, you don’t need to find your account details, you only need to know where you worked or what the pension company was called. Let me know over chat, and after a few minutes I’ll send you on your way with a smile while I'll get to work.
Why not say hi today? Save for the future with a simple pot for life.
The value of investments can fall as well as rise, and you may get back less than the full amount you invest.
The information on this page is not personal advice.
Transferring your pensions into one plan may not be right for you. You can get more information from MoneyHelper and if you're unsure you should speak to a financial adviser.