Transfer Several Pensions into one

Dodgybloke

Due to moving around several companies in a five year period, I have several little pension schemes. I'm finally in a job I like and been in for a couple of years (They pay into my nominated pension, why couldn't the others do that?).

I probably need to write to my other pension schemes and ask them to transfer to my current pension scheme. Is there a letter template I could follow?

Any advice appreciated.

Thanks

EdInvestor

What kind of pensions are they?

If they are final salary schemes, it is usually not sensible to move them.

Post some more details of the pensions for a view on which ones can be moved, and whether or not the scheme you have nominated is the best one.

There have been major changes in the pensions business recently so what might have been best a few years ago may no longer be so.

Dodgybloke

They're not final salary. Losing one of those would be madness in my eyes.

They're a mixture of Stakeholder (one I think), group personal pensions (three) and a with profits personal pension. The values vary from just under £1000 to about £5000. I'm only 31 so the issue I guess in the transfer cost to benefit of keeping insignificant funds.

I just feel the having the a single fund will be more beneficial in the early years. Perhaps at a later date I will split my pot into seperate funds.

dunstonh

I just feel the having the a single fund will be more beneficial in the early years.

Single fund investing, especially in the early years, is not the right way to invest. However, having them all with one pension provider would make sense. Especially with one that offers fund based discounts.

Dodgybloke

Got my terminology slightly mixed up. The plan is to use one pension provider, but I have investments in multiple funds within my current provider. The funds are mix of cautious to balanced/aggressive. My profile is pretty risk adverse.

EdInvestor

Here's an example of what I meant.

http://forums.moneysavingexpert.com/showthread.html?t=242286