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Would you transfer a small pension into your larger pension or just leave it where it is?

Options
I collect my state pension in Jan
I also want to collect my private pensions in Jan
One of those is only worth £3k (old employer contribution)
Would you transfer a small pension (Aviva) into your larger pension (Std Life) or just leave it where it is?
Ive not checked the performances but I cant see it making much difference and I'm just thinking it would tidy it up a bit
I checked ages ago that you can combine private pensions without cost

Comments

  • dunstonh
    dunstonh Posts: 119,641 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Combo Breaker
    Would you transfer a small pension (Aviva) into your larger pension (Std Life) or just leave it where it is?
    Depends on the objectives and how good the standard life plan is.     Consolidation can make sense but whether the plan you are transferring it to is the best option is a different matter.



    I am an Independent Financial Adviser (IFA). The comments I make are just my opinion and are for discussion purposes only. They are not financial advice and you should not treat them as such. If you feel an area discussed may be relevant to you, then please seek advice from an Independent Financial Adviser local to you.
  • Albermarle
    Albermarle Posts: 27,812 Forumite
    10,000 Posts Seventh Anniversary Name Dropper
    You could transfer your larger pension into the smaller one, or transfer both to a new provider. Not saying you should but they are valid alternative scenarios. 

    Also be aware that the pension itself does not perform, that is down to the investments held within the pension.
    The choice of investments is much more important than the choice of pension provider.
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