Advice on Pensions

Hairy_Hogg

Hi

I have 4 pensions as follows:

One with Zurich (Was Allied Dunbar) - Fund value 24k
One with Prudential - 1.5k
One with Sun Life - 24k
One with Friends Provident - 17k

The Zurich pension is one I took out when I was 17, it is a personal pension plan but I stopped paying into this about 2 years ago.

The Prudential pension is an old works pension from a job years ago.

The Sun Life one is from my last job and was a plan where the employer matched my 3% contribution.

The Friend Provident one is from this job. My employer makes a 8% contribution and I make a 3% contribution.

My question is what the heck should I do with my pensions ?????

I would like to put them all into my current plan, and then look at how the money is used within the plan, but is this a good idea ? I am really at a loss about what I should do, the only thing I know is that I must keep the Friends Provident one as the employer contribution is so good.

Any help would be thankfully received.

Cheers

Edited to add - I like the idea of one plan so that it is easier to know where my money is, what the payout is and what my money is doing.

EdInvestor

In the first instance write to the other 3 and get a transfer value. Also ask if there are any guaranteed annuity rates attached to them.

It may be a good idea to move them to the FP scheme, and it's quite easy to do that, but you need to check if you will lose out by moving.

dunstonh

You need projections as well so you can compare charges against the alternatives.