Pension Consolidation

Simpson Wood is a specialist Financial Planning firm offering expertise in pension consolidation and retirement planning. This process, crucial for individuals with multiple pension pots, involves combining pensions into a single plan, to reduce administration costs and increase the simplicity of their pensions.

What is Pension Consolidation?

Pension consolidation is a financial strategy that involves combining multiple pension pots into a single, more manageable pension plan. This process, often termed as consolidating pensions, simplifies the management of retirement savings by providing a clearer overview of total assets. This in turn makes it easier for our clients to simplify their retirement strategy, so that in retirement they do not have to think about where their income is coming from.

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Looking for some help or a little advice?

Call today on 01484 534431 or fill in our enquiry form below, and we’ll call you back.

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Why might you transfer your pensions?

Transferring your pension can streamline your retirement savings, making it easier to manage and monitor your fund growth. Consolidating pensions can provide a clearer understanding of your total retirement funds, potentially reduce fees, and streamline the delivery of retirement income.

Simpson Wood can offer expert guidance on whether you should consolidate your pensions, ensuring your decision aligns with your overall retirement objectives. We provide valuable insights and tailored advice, making the complex process of transferring your pension more straightforward.

Can I combine my defined benefit pensions?

Defined benefit pensions, often known as final salary pensions, offer a guaranteed income in retirement, calculated on your salary and length of service. Unlike a standard pension consolidation, which involves merging multiple pension pots for ease of management and potential cost reduction, consolidating defined benefit pensions requires a more nuanced approach.

Our expertise can help you navigate the complexities of a defined benefit pensions, ensuring that any decision you make aligns with your overall financial and retirement objectives, whilst preserving the valuable benefits these pensions typically offer.

Combine Pensions Advice

Is combining your pensions right for you?

Are you contemplating whether combining your pensions is the right move for you? At Simpson Wood, we understand that pension consolidation can be a powerful tool in simplifying your retirement planning, but it’s not a one-size-fits-all solution. Our expert team is dedicated to helping you navigate this decision with personalised advice. We’ll evaluate your individual pensions, considering factors like associated benefits, fees, and investment options, against the backdrop of your unique financial circumstances and retirement goals.

By choosing Simpson Wood, you gain access to tailored insights and strategies, ensuring any consolidation decision is made with your best interests at heart. Whether it’s streamlining your pension management or potentially reducing costs, our goal is to provide clarity and confidence in your retirement planning. Let us help you determine if combining your pensions is the right step towards a more secure and manageable financial future.

A Long Established History

Established 1880

Our Team of

50+ Staff

Working Closely With

Businesses & Individuals

Take Professional Advice Before You Act

Before taking any significant financial step, especially when it involves your hard-earned pensions, professional advice is not just beneficial—it’s essential. At Simpson Wood, we strongly advocate for informed decision-making. Our team of experienced Financial Planning is here to guide you through the complexities of financial planning, ensuring that every move you make is well-considered and tailored to your unique circumstances.

If you would like to discuss planning for your retirement, please contact us.

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We are experienced at tailor making the right package for you and by using technology, have access to the most competitive rates in the market. Please contact us to discuss your personal requirements so that we can examine which solution would be best for you.