Pension consolidation
Bring your pension savings together
- Consolidate your old pensions with our pension transfer service
- If you don’t know where to start, our free Find and Combine service can do the heavy lifting
- There’s no obligation, any decisions are up to you
What is pension consolidation?
As you move from job to job and change addresses it can be tricky to manage pensions. With every new one it’s more admin to deal with. By bringing them together you can have a clearer view of how much money you have for retirement, where it’s invested and what you’re being charged. With Aviva, combining them is free.
Just bear in mind, the value of a pension can go down as well as up – and you could get back less than the amount that's been put in.
It's always important to consider charges and investment choices before consolidating any pensions.
Why should I consolidate my pensions?
-
Get a clearer view
Gathering up your pensions can give you a better idea of your total pension pot and what it could be worth when it’s time to retire.
-
Lower charges
You could benefit from lower management charges, which may help your pension pot grow faster.
-
Less life admin
The more pensions you have, the harder it can be to keep track of them, and how they’re performing for you. With just one pension, that’s much easier.
How does pension consolidation work at Aviva?
Simply select the option below that best describes you.
Pension transfer
For those who already have their policy details and would like to transfer into a personal or workplace pension.
Find and Combine
For those who need a helping hand to track down or get details of your past pensions and want the option of combining them. With no charge from us.
Pension advice
Confused about consolidating your pensions? We recommend that you get professional advice. For some pensions with valuable benefits, you’ll have to take advice before you transfer.
If you have pension savings of £150,000 or more, the Aviva Financial Advice Team can talk through your options. You can also find a financial adviser at Unbiased – there will be a charge for advice.
If you have a defined benefit pension (sometimes called final salary pension), you can find out more about advice on our defined benefit advice page.