Timeline for Should I/Can I consolidate multiple company pensions?

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Nov 13, 2019 at 12:08	comment	added	Ralph Bolton		I'd advise caution in consolidating too much - whilst an extreme case, my father's pension was plundered by a rogue pension accountant (who subsequently killed himself). Trying to prove anything was incredibly complicated took up a huge amount of time. Compensation was never paid because the crime was so complicated that it was never fully prosecuted. Whilst a lot of the larger providers are unlikely to have problems such as this, it seems prudent not to be in a position where one "mistake" (deliberate or otherwise) by a provider could leave you penniless.
Apr 18, 2015 at 16:47	comment	added	Jeff		Older pensions are not necessarily to worse one. You really need to read through the small print. If you happen to work for a very large company they happen to set up their own scheme (instead of commissioning an insurance company to do it). For some of those large corporate pools you can have the company footing the bill for the wrapper and save 0.5% of more per annum (you only pay the fund charges which also happened to be negotiated)
Apr 17, 2015 at 15:04	vote	accept	CommunityBot
Apr 17, 2015 at 14:42	history	answered	Vicky	CC BY-SA 3.0