Pension Consolidation

Q: What does a financial advisor need when combining pensions?

To combine your pensions, a financial advisor will need your authority to speak with your pension providers and then your authority to act on your behalf to transfer your pensions into the recommended product.

With pension consolidation all your money is in one place which could make it easier to manage moving forward. Pensions don’t need to be more difficult right? But pension consolidation might not always be the best route. We’ll assess your current pension policies and advise you on where best to consolidate your pensions to make the most of your savings or whether you’d benefit from keeping them separate.

Call us now on 0161 413 7051 or arrange a call back.

Important information: Our website offers information about investing and saving, but not personal advice. If you’re not sure which services are right for you, please request advice from Hilltop’s independent financial advisers. Remember that investments can go up and down in value, so you could get back less than you put in.

The potential beneﬁts of combining your pension

Know how much money you’ve built up

Once you’ve merged your pensions into one plan, you could quickly and easily know how much money you’ve built up for retirement and track your contributions to ensure they are being received.

Know how well are your investments performing

You could track how your investments have performed, monthly or annually, without complicated spreadsheets. A single pension fund will help you to make comparisons against other providers or identify a drop in performance.

Know how much retirement income you could enjoy

Merging pensions together could enable you to beneﬁt from better performance, lower fees and help you keep on top of your pension.

Understand if you need to make more signiﬁcant contributions

Our advisers can work with you to put together a ﬁnancial retirement plan that will help you to enjoy your retirement without the worry of running out of money.

Keep better track of your money

If you have multiple pension plans with diﬀerent providers, you may have a diﬃcult time managing them properly. Transferring them to a single pension provider could help you keep better track of your money and see if your retirement planning is on target.

It is important to note that the decision to do a pension transfer is a complex one and can have a negative impact on your retirement plans therefore it is highly advisable you consult a qualiﬁed ﬁnancial adviser before making the move.

What to expect

Expert advice in three simple steps

We’re committed to going the extra mile, holding your needs and requirements at the centre of our trusted advice. Everybody is different, and the financial advice we deliver reflects that. Our professional advice is always relevant, personalised and tailored to you.

Get in touch

Give us a call on 0161 413 7051 or let us know when you’d like us to call back. A friendly pension professional will discuss your enquiry to get a better understanding of your situation.

Analyse and report

As soon as you give us authority to work on your behalf, our team will get started analysing your pensions to produce an in-depth report and assess against the market.

The choice is yours

Your expert pension adviser will deliver their assessment and ensure you fully understand the advice given. Now you will be able to make informed decisions.

Arrange a callback

or call us now on 0161 413 7051

UK pension providers

We work with the biggest and most reputable UK pension providers

Pension Consolidation Advice

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Talk to us

Pop the kettle on and give us a call

Even after you’ve done your research, you’ll probably still have some questions. Why not give one of our friendly team a call and explore whether financial planning advice might be right for you.

Call now on 0161 413 7051
We’re open:
Mon to Thurs 9am – 5pm and Fridays 9am – 4pm

Or arrange a callback

Frequently Asked Questions

Have a look over our frequently asked questions, and if you can’t find what you’re looking for simply get in touch with our friendly team who are here to answer any questions you might have.

Consolidating your pensions from different employers is run in the same format as a regular pension consolidation service. It’s generally not recommended to move out of your current workplace pension, but in some cases, you could potentially transfer your other funds into your current workplace pension. Please speak with our team to find out all of your options.

To combine your pensions, a financial adviser will need your authority to speak with your pension providers and then your authority to act on your behalf to transfer your pensions into the recommended product. By initially giving the financial adviser the power to speak with your providers (Letter of Authority) the financial adviser will request the relevant information they need to make any recommendations on if consolidation is right for you, where to combine and potentially transfer your pensions. For the full process of combining your pensions, please speak with our team.

A 25% Tax-free lump sum is calculated on the total value of your defined contribution pensions, rather than specific to each policy. The advisers at Hilltop will be able to give you guidance on your options.

Tax treatment depends on the individual circumstances of each client and may be subject to change in future.

Depending on your current pensions, you could lose money when combining your pensions, if they have exit fees included or any guaranteed rates included. By speaking with our advisers, they can check to see if any of your current pensions have any clauses attached and help you to make the right choices about pension consolidation. If we don’t think that pension consolidation is in your best financial interests, we will tell you that too.

Capital at Risk.

There are several ways of consolidating your pensions. But, we believe the best way to consolidate them and to ensure you’re getting the best pension policy for your circumstances is to speak to our team. We will quickly assess your current pensions and offer advice and recommendations on where to consolidate your funds. The advice we give is always in your best financial interests, and by speaking with us, we can take some of the decision processes from you and guide you to a more suitable pension, rather than a fit for all pension you may see online.

Capital at Risk.

Combining your pensions could have many benefits. Putting your pensions into one policy can help you to keep track on the value of your funds, quickly see the performance of your fund and also you could benefit from lower management charges than having multiple pensions.

With all your funds in one place, you could furthermore reduce the chance of losing track or forgetting about that smaller pension pot that you accrued with an old employer. Pension consolidation isn’t for everyone, though, so please speak with one of our advisers before moving your pensions.

Hi there!

We just need to take a few more details to understand what we can help you with and when is convenient for us to call you back. Gives you a chance to pop the kettle on ☕

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