Is there any point in spliting pensions between providers

MK62

Albermarle said:

But £120k in there so was just considering  risks with the pot.....

If you are with a mainstream provider using regulated investments, then the chance of your pot vanishing into thin air is very minimal. Many people keep hundreds of thousands , even Millions , with one provider.

The risk is much more that you pick the wrong investments/the market plummets etc 

If in drawdown, you might be covered against loss of funds, but you very likely would not be covered against loss of access to those funds....in other words, your assets might be ringfenced but your access to those assets is not.........and I'm not sure I'd rely on it being restored quickly in the event of serious issues (it might, but there's no guarantee).

That said, having multiple pensions will likely be more expensive, so each has to assess the relative risks for themselves.....