Pension Consolidation: The Easy Win Most People Ignore (UK)

Описание: Pension Consolidation can be the easy win most people ignore — but only if you do it safely.

In this UK pension video, I break down Pension Consolidation 101: what it is, why people do it, the real benefits (simplicity + consistency), and the common mistakes that can cost you money.
✅ What you’ll learn in this video
What pension consolidation actually means (combining old workplace pensions into one pot)
Why people consolidate (one strategy, one login, less admin)
The real benefits: easier management, consistent investing, potentially lower fees
The big risks to watch for: DB vs DC, exit charges, special guarantees, protected benefits
My SAFE consolidation checklist (so you don’t consolidate blindly)

📌 Pension Consolidation Checklist
Find all pots (old employers / paperwork / trackers)
Check key details: DB/DC, fees, funds, guarantees, exit charges
Only consolidate if you’re not giving up something valuable
Pick the right destination: fees, fund range, service, retirement options
Check the investment match (growth vs near-retirement funds)
Check retirement functionality (drawdown, ad-hoc withdrawals, flexibility)
Keep records updated + update beneficiaries

⚠️ Important: Final salary (DB) pensions are different — don’t transfer without understanding what you’re giving up. This video is educational content only and not advice!