Amalgamate Pension Funds

siovas

Hi, I currently have 3 pension funds (L&G, FriendsLife) from previous employers which I no longer contribute into. My current Defined Contributions pension with my current employer is contributed into. I am tired of managing the paperwork of different pensions funds and want to bolster my current 'live' fund. I am aware of the risks of combining into one fund but I feel that the benefits outweigh the risks. I currently have other investment vehicles in the form of shares and bonds.
What advice could anyone give me to the contrary as I'm pretty sure I want to combine them.
Pretty depressed how rubbish the funds are considering I'm sensible and have contributed into a pension since leaving university 25 years ago.
I would appreciate any advice.
Many thanks, Siovas.

dunstonh

I am aware of the risks of combining into one fund

What risks are they? Personal pensions get 100% FSCS protection.

What advice could anyone give me to the contrary as I'm pretty sure I want to combine them.

We dont know anything about what you have and what you want to transfer to. So, that would be the first place to look when comparing.

quotememiserable

dunstonh wrote: »

What risks are they? Personal pensions get 100% FSCS protection.

Correct. There isn't any risk of combining. A pension scheme is just an umbrella under which you can invest the money as you choose. That's the part that needs thinking about. Having all the funds in one place is entirely sensible.

siovas

Thanks for both your replies.
I will combine my funds for ease of management and review how the funds are invested within the one provider.
Regards.