Combine My Pensions

Got pensions scattered across old jobs? You are not alone. Most people have multiple pension pots they have lost track of — and combining them into one place could make them easier to manage, cheaper to run, and clearer to plan around. We connect you with a specialist, FCA-regulated pension adviser who can review your pensions and help you decide whether consolidation is right for you. The introduction is free.

FCA Regulated| FCA No. 1038034| Free Pension Adviser Introductions| Est. August 2019| Verify on FCA Register

Why people combine their pensions

11jobs the average UK worker has in their lifetime — each potentially leaving a pension behind

£26bn+in lost and unclaimed pension pots in the UK

One potis easier to track, manage, and plan around than several scattered ones

Free introto a specialist FCA-regulated pension adviser — at no cost to you

Pension consolidation means bringing multiple pension pots together into a single plan. For many people, it simplifies retirement planning, reduces the number of providers to deal with, and can lower the overall charges being paid. But it is not right for everyone — some older pensions have valuable guarantees that could be lost on transfer. That is why getting proper advice before combining is essential.

★

Free Trust Service — Included for Every Protection Client

When we arrange your life insurance or protection cover alongside your pension planning, we include free trust guidance as standard — ensuring your policy payout reaches your family quickly, bypassing probate and free of inheritance tax.

Find out about our free trust service

What are the benefits of combining your pensions?

Simpler to manage

One pension pot, one provider, one set of statements. Instead of tracking multiple plans across different companies, everything is in one place.

Potentially lower charges

Older workplace pensions can carry higher annual management charges. Consolidating into a modern, lower-cost plan could save money over the long term.

Clearer retirement picture

Knowing exactly what you have saved — in one place — makes it much easier to plan when you can retire and what your income will look like.

Better investment options

Some older pensions offer limited investment choices. A consolidated plan may give you access to a wider range of funds better suited to your goals.

Easier to trace lost pots

The government’s Pension Tracing Service can help locate old pensions. Once found, an adviser can assess whether consolidating them makes sense.

Streamlined at retirement

When you come to access your pension, dealing with one provider is far simpler than managing multiple drawdown or annuity arrangements.

When combining pensions might not be right

Pension consolidation is not always the right move. A specialist adviser will assess your individual pensions before making any recommendation. Here are the key situations where caution is needed.

Defined benefit (final salary) pensionsThese offer guaranteed income in retirement and are rarely worth transferring. Advice is legally required for transfers over £30,000.

Guaranteed annuity ratesSome older pensions include guaranteed annuity rates that are far better than anything available today. Transferring would lose this benefit permanently.

Protected tax-free cashCertain older pensions allow you to take more than 25% tax-free. This protection can be lost if the pension is transferred.

Early exit penaltiesSome pensions charge significant penalties for transferring before a certain age. An adviser will identify these before any transfer is recommended.

Life insurance attached to the pensionSome workplace pensions include life cover that would be lost on transfer. This needs to be factored into the overall assessment.

Employer contributions still being paidIf an employer is still contributing to a pension, transferring it away would mean losing those contributions going forward.

How to get connected to a pension consolidation adviser

We keep the process simple. Here is what to expect.

Get in touch

Tell us you want to look at combining your pensions and a little about your situation — how many pots you have, roughly what they are worth, and what you are hoping to achieve.

We make the introduction

We introduce you to a specialist pension adviser we know and trust. The introduction is warm — they will know your situation before they call.

The adviser reviews your pensions

The adviser contacts you directly, gathers details of your existing pensions, and assesses whether consolidation is in your best interests — including checking for any valuable guarantees.

You decide — in your own time

There is no pressure to proceed. The adviser will explain the options clearly and give you the time and space to make the right decision for your retirement.

Get Your Free Pension Adviser Introduction

Pension consolidation questions answered

What is pension consolidation?

Pension consolidation means transferring multiple pension pots into a single plan. It can simplify retirement planning, reduce charges, and make it easier to track your savings — but it is not right for everyone. Some pensions have valuable guarantees that could be lost on transfer, which is why taking advice before combining is essential.

Can I combine all types of pension?

Most defined contribution (money purchase) pensions can be transferred and consolidated. Defined benefit (final salary) pensions are different — they offer guaranteed income and are rarely worth transferring. If you have a defined benefit pension worth more than £30,000, you are legally required to take regulated financial advice before transferring it.

Will I lose anything by combining my pensions?

Potentially, yes — which is why advice matters. Some older pensions include guaranteed annuity rates, protected tax-free cash above 25%, or life insurance that would be lost on transfer. A specialist adviser will check each pension for these features before making any recommendation.

How do I find old pension pots I have lost track of?

The government’s free Pension Tracing Service can help you locate pensions from previous employers. You can search online at gov.uk or call 0800 731 0193. Once located, a pension adviser can assess whether it makes sense to consolidate them.

How much does pension consolidation advice cost?

The cost of pension advice varies by adviser and the complexity of your situation. The adviser we introduce you to will make their charging structure clear before providing any advice or recommendation. Our introduction is free.

Is the introduction really free?

Yes — we make the introduction at no cost to you. The pension adviser may charge a fee for their advice; they will make their charging structure clear before providing any advice or recommendation.

Explore our protection services

Written by Ben Tomlin — Financial Adviser, That’s Family Finance (a trading style of RB Ame Ltd).
Qualifications: Level 4 Diploma in Financial Advice · Level 3 Certificate in Mortgages & Protection · Level 3 Certificate in Equity Release.
FCA Individual Reference Number: BXT01420 · Last reviewed: August 2026.

Important information: That’s Family Finance is a trading style of RB Ame Ltd, authorised and regulated by the Financial Conduct Authority (FCA No. 1038034). Our FCA permissions cover protection insurance only. We do not provide pension advice. Where we introduce clients to pension advisers, those introductions are to separately FCA-authorised firms who provide advice in their own right and under their own regulatory permissions. Pension and tax rules can change and depend on individual circumstances. The value of pensions can go down as well as up. You may get back less than you invest. Defined benefit pension transfers require regulated financial advice if the transfer value exceeds £30,000.