Should you merge your pension pots? Managing only one might be easier… but you can lose valuable perks

Should you merge your pension pots? Managing only one might be easier... but you can lose valuable perks

Savers collect a string of pension pots during their working lives but only one in four have merged any of them, new research reveals.

Some 47 per cent of people have two or more pensions, while 20 per cent have three or more, and 4 per cent have five or more pots – and the higher the number, the more likely you are to lose track of them.

A tidying up exercise can reduce fees and paperwork and bring new investment options, and more people took the opportunity to do this task during the pandemic, according to Hargreaves Lansdown, which carried […]

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