Navigate Pension Consolidation

If you have worked for a number of different employers, it is likely you are signed up to multiple different pension schemes - but you might be unsure about how well each of them is performing for you.

Some time before retirement, you will come to a point when you need to decide what to do with them - keep them (or some) separate, or combine them.

At Navigate Wealth, we put your needs at the centre of everything we do - meaning we will always do what is best for you.

To find out more about combining pensions, or to arrange a free consultation, you can contact the Navigate Wealth team on 0345 340 9690 or use our submission form.

Should I consolidate my pensions?

Knowing whether consolidating your pensions is the best thing to do depends on many different factors, including what type of pensions you have, how much they are worth, and whether they have any special guarantees.

This is an extensive task, but your experienced Navigate Wealth adviser will take the hassle away from you, going through all your pension paperwork and contacting your providers to build a clear picture of your pension arrangements.

We will then be in a position to say whether consolidation is a strong option for you and provide expert, independent advice that suits your retirement plan.

Will consolidation generate more money for me?

In the long term, consolidating your pensions can provide you with more money - but there may be initial fees or penalties associated with doing so.

When your Navigate Wealth adviser reviews your current pension arrangements, they will be able to identify which are the better performing ones, and assess whether transferring your other pensions to one scheme will boost your finances.

Factors that contribute to this assessment include:

The types of pensions you have
Any fees and penalties associated with your different pensions
Your age
When you plan to retire.

There is no one-size-fits-all approach and your adviser may even recommend that you transfer to a new scheme, with smaller fees, that will make your money work harder you, and help you achieve your retirement goals.

Contact us

To find out more about pension consolidation, or to arrange a free consultation, you can contact the Navigate Wealth team on 0345 340 9690 or use our submission form.

Testimonials

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Mr T, Cheshire

"We cannot thank you & the team enough for everything you have done. Everything went so smoothly, which I know is due to your professionalism and expertise. We would highly recommend you to anyone who needed similar help."

Mr B, Jersey

"As an overseas customer finding the right advice and help is of the utmost importance. Richard and his team at Navigate Wealth exceeded my expectations and helped me to transfer my pension quickly and efficiently. I have no hesitation in recommending Navigate Wealth as pension consultants."

Mr S, Madrid

"I was looking to transfer my occupational pension to a self-invested pension plan and needed to find a professional adviser in order to comply with regulatory requirements. Richard Bamforth was very helpful not only in helping me process the transfer at a reasonable cost, but also in giving me his advice and insights on consequences and possibilities that I had not appreciated previously, despite my being financially literate and having spent my career in financial services. I would thoroughly recommend Richard to anyone who is considering seeking advice on pensions, however informed they might think they are."

Mrs H, Essex

“I was very pleased with the straightforward advice received from Richard Bamforth when looking to consolidate a relatively small defined benefit pension into my main small self-administered scheme (SSAS). Most advisors either wanted to charge a huge amount for the government-required advice, or wouldn’t even deal with my enquiry since I wasn’t looking to use their managed funds. Richard was thorough in his investigation, and reviewed the options carefully, while taking into account my individual situation. I would recommend Richard Bamforth's services to anyone looking for expert, independent financial advice.”