What is Consolidation?

Pension consolidation is the process of bringing older pensions together into one account, so that all your retirement savings are in the same place.

It is common for people to have multiple pensions from having worked for more than one employer, and consolidation can help you find a pension provider better suited to your needs and make keeping track of your pension savings easier.

Related terms
What is Auto-enrolment
What is an Earmarking Order
What are Employer Contributions