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- Pension explainers: why consolidate your pensions?
In this, the second of our short pension explainers, Nishma Waite, Chartered Financial Planner at Fidelius, talks to Rest Less Money Editor Melanie Wright about consolidating your pensions, including how to go about finding lost or forgotten pensions, the pros and cons of pension consolidation, and which types of pensions you shouldn’t consolidate.
If you’re 50 or over and have a defined contribution pension, you can get free guidance on the options available to you from the Government’s Pension Wise service. However, if you want personal recommendations or advice about your specific circumstances, you’ll need to speak to an advisor.
If you’re considering seeking professional financial advice on the options available to you, we’ve partnered with nationwide independent advice firm Fidelius to offer Rest Less members a free initial consultation with a qualified financial advisor.
There’s no obligation, however if the advisor feels you’d benefit from paid financial advice, they’ll talk you through how that works and the charges involved.
Fidelius are rated 4.7 out of 5 from over 1,250 reviews on VouchedFor, the review site for financial advisors.
If you’re looking for some more detailed information, we’ve got lots of articles to help. Here are a few you might be interested in:
Please note that the views and opinions expressed in this video do not constitute financial advice.
Melanie Wright is money editor at Rest Less. An award-winning financial journalist, she has written about personal finance for the past 25 years, and specialises in mortgages, savings and pensions. She is a former Deputy Editor of The Daily Telegraph's Your Money section, wrote the Sunday Mirror’s Money section for over a decade, and has been interviewed on BBC Breakfast, Good Morning Britain, ITN News, and Channel Five News. Melanie lives in Kent with her husband, two sons and their dog. She spends most of her spare time driving her children to social engagements or watching them play sport in the rain.
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Get your free no-obligation pension consultation
If you’re considering getting professional financial advice, Fidelius is offering Rest Less members a free pension consultation. It’s a chance to have an independent financial advisor give an unbiased assessment of your retirement savings. Fidelius is rated 4.7/5 from over 1,500 reviews on VouchedFor. Capital at risk.