Pension consolidation is also known as combining or transferring pension pots by bringing them together under one roof.

You’re likely to have more than one pension pot if you’ve had more than one employer, and there are a lot of pension types, each with different rules, features and benefits. Consolidating your pensions is a good way to take control of your pension savings - particularly as you approach retirement.

The value of investments can fall as well as rise and you may not get back the amount originally invested.