Combining your pensions

How many pensions do you have?

Quite a few? It could make financial sense to combine them into a single pension plan. As well as being able to keep track of your investments at a glance, you may end up paying less in charges.

Bringing your pensions together

Why bother? Because if you transferred your pensions to a different plan, you could get:

More control

A single set of figures makes it easier to review performance. Their combined total will mean more accurate forecasts of your retirement income too.

Greater choice

You may be able to choose from more investment options, including share dealing.

Fewer charges

Instead of a charge per pension, one set of fees could save you money.

You’ll also get one point of contact which, with Standard Life, brings the reassurance of knowing that your future is in safe hands. And with your pension available to manage online, you’ll be able to keep track of its progress and make changes whenever you want.

Find out more about Standard Life

Is it the right move for you?

It depends on your circumstances. Make sure you know the answers to these questions.

Will you have to pay an exit fee?

You should check and see if your plan has an exit fee and what the amount is.

Could you lose a valuable benefit?

You won't be able to transfer features like death benefits - the lump sum payable to your dependents in the event of your death.

Do you have a final salary plan with a company?

Generally the extra benefits and higher yields of these schemes mean that it makes sense to leave them where they are.

Will you really save money on costs?

Check the Key Features Documents for new and existing pensions to be sure.

Transferring pensions isn’t for everyone. Speak to us or contact a financial adviser before you decide.

Moving your pensions to us

Just give us a call. We'll take you through a few quick questions so you can be sure it’s the right thing to do. If it is, we’ll manage the process for you and guide you through any paperwork that may be needed.

Need some help? Call us on 0845 272 8810

Monday to Thursday 09:00 - 20:00

Friday 09:00 - 18:00

Saturday 09:00 - 13:00

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Calls may be monitored and/or recorded to protect both you and us and help with our training. Call charges will vary.

Self invested personal pensions

It’s a pension that gives you  a hands-on approach.