Most people have a number of jobs throughout their working life and with this, multiple pensions, especially after auto-enrolment began in 2012. The average UK worker is expected to have 12 jobs throughout their life meaning keeping track of multiple pensions could get a bit tricky.
The Department for Work and Pensions (DWP) recently announced the Pensions Dashboard Programme has now been delayed. When this does finally launch, it will allow everyone with a pension - including a State Pension - to view all their retirement pots in one handy place online.
According to recent research, almost £27 billion is currently being lost in forgotten pension pots, however, Sam Robinson, Principal Financial Advisor and Pension Transfer Specialist at Almond Financial, has shared his top tips on the pros and cons of pension pot consolidation and how workers can get the most out of their money in later-life.
