Company Pension with succession of employers?

AndreaE

My daughter works as an employee on projects of 6-9 months duration then moves on to do a similar job with a new employer.
Each new company enrols her in the company pension scheme where both she and they make contributions.
Over a period of time she is likely to have dozens of very small pension pots.
Should she open a private pension and transfer the pot into that at the end of each job so she benefits from the employer contribution during the job but consolidates after?

Albermarle

Should she open a private pension and transfer the pot into that at the end of each job so she benefits from the employer contribution during the job but consolidates after?

Basically yes , always agree to enrol in the pension as of course the employer contribution is free money and her own contributions will get tax relief. Then later consolidation of the pension pots would be the best course of action .
The only point is that you can open a brand new pension , or you can use one of these existing pensions to consolidate into, which would probably be easier. . You ( or her) should check the charges for each one , as some employers can negotiate lower charges . Also you could check the web interface and what fund choice is available. Then you need to check with them that they will accept transfers in ( they should normally ) .

xylophone

She could consider opening a stakeholder and transferring in as she goes.

https://www.cavendishonline.co.uk/stakeholder-pension

SonOf

Should she open a private pension and transfer the pot into that at the end of each job so she benefits from the employer contribution during the job but consolidates after?

Yes. A lot of people have an individual personal pension alongside their workplace one and just transfer the workplace one to the individual one each time they change employer.

Brynsam

Unless, of course, they all use NEST, in which case she will have only one!