Regrouping Old Pensions: Why It Could Be the Smartest Financial Move You Make
If you’ve changed jobs a few times, chances are you’ve got a collection of old pensions floating around. These pots can easily be forgotten, left unmanaged, or scattered across different providers. But here’s the truth: if they’re not working together, they’re likely not working hard enough for you.
The Hidden Costs of Scattered Pensions
When your pensions are spread out, it becomes harder to track performance, spot inefficiencies, or plan effectively for the future. You might be paying multiple sets of fees, invested in outdated or unsuitable funds, or missing opportunities to align your pension strategy with your actual retirement goals.
Why Consider Regrouping?
✅ Better Oversight
See the full picture of your retirement savings in one place.
✅ Cost Efficiency
Reduce duplicated fees and charges across old accounts.
✅ Investment Control
Reassess and tailor your investment strategy to suit your risk profile and timeline.
✅ Simpler Planning
Make it easier to forecast income, manage drawdowns, and stay on top of your goals.
But It’s Not Always Straightforward
Regrouping pensions isn’t a one-size-fits-all move. Some older pensions have valuable features, like guaranteed annuity rates, that you might lose if you transfer. Others may carry exit penalties or come from complex defined benefit schemes that require careful handling.
That’s why expert advice matters.
The Lifestyle Fund Trap
Many workplace pensions default clients into 'lifestyle' funds — which reduce investment risk automatically as you approach retirement. But for some, especially those planning to access their pensions gradually or work longer, these funds can be overly conservative.
Regrouping gives you a chance to challenge those assumptions and realign your pension with how you actually plan to live.
How the Process Works
Gather Your Info: Policy numbers, provider names, recent statements.
Book a Consultation: We’ll assess what should and shouldn’t be regrouped.
Leave the Admin to Us: You sign a Letter of Authority, send over your ID, and we’ll handle the rest.
Transfer: Your pensions are moved into a tailored structure (like a PRB or PRSA) that suits your goals.
Ready to Regroup?
We’ll help you weigh the pros and cons, manage the paperwork, and make informed decisions about your financial future - in plain English, no jargon.
📩 Book your consultation today.
