Transfer pension pot to Moneybox for bonus. A good idea?

uberjason

So first off, I am extremely new to pensions outside of auto enrolment. I have 3 old pensions from previous jobs, they total about £3000. Two of these are with Scottish Widows (0.55% annual fee) and another with Aegon (0.65% annual fee). 

I have an offer from Moneybox to transfer my old pots into one of their products (0.59%/0.66%/0.68% fees) for, what would be, a £75 bonus into my LISA. 

My real question is, is this worth it? / a good idea? Bank account switching, absolutely, pensions though I have no idea. Am I overthinking the difference in type of fund to choose and difference in fees they have?

I want to put these old pensions together in one place anyway and this is a good way to get a bit of extra cash into my house deposit, then I would like in the future to transfer it to a ethical product like something from PensionBee (0.75% fee). Is it really as easy as I think with pensions? I have been told there are no exit fees for switching so what is the downside? 

I am really sorry if this is a really muddled and newbie post but I keep read, calling the pension providers I have and just getting more confused and so usually this forum solves my brain fog so I thought I would give it a go. 

Thank you. 

dunstonh

Normally, marketing bonuses are weak when it comes to investments.     However, a fixed monetary value on small amounts can make it viable.    That would appear to be the case here.   

then I would like in the future to transfer it to a ethical product like something from PensionBee (0.75% fee).

Products are not ethical.  It is the investments you hold that can be.  Virtually all providers offer ESG options and most offer at least one ethical option (although with ethical considerations, whole of market providers are usually better).

Albermarle

It is pretty easy and straightforward to transfer pensions nowadays . The pension provider you are transferring into does all the work . There is no need for you to inform or contact the other providers.( SW , Aegon etc ) 
You could also consider transferring to your current workplace pension . Probably the fees will be cheaper but there will be no bonus.

Just as an aside , we do not know your circumstances but probably worth saying that £3k is such a small amount in pension terms that fees are hardly relevant . Hopefully your current auto enrolment pension is bigger or being added to at a good %.
To retire early and/or with a decent income you need to build up a large pot.