Pension Consolidation
Empower your employees to take control of their retirement savings
Our digital Pension Consolidation service will help your employees bring their eligible pensions together into one manageable scheme.
Pension Consolidation
Empower your employees to take control of their retirement savings
Our digital Pension Consolidation service will help your employees bring their eligible pensions together into one manageable scheme.
Help employees manage their retirement savings with confidence
This easily accessible platform allows employees to consolidate previous defined contribution (DC) pensions into a single, flexible scheme. It simplifies the process by enabling employees to input details of pensions from previous roles into the platform, view transfer timelines, and assess values, all in one place.
Our digital Pension Consolidation service offers employees a clearer path to retirement readiness. It is intended to support employees in managing their previous pensions and does not replace any current workplace pension scheme provided by the employer.
The issue of lost pensions
With 3.3 million lost pensions valued at £31.1 billion, the challenge of tracking and managing retirement savings is escalating rapidly. Whilst auto-enrolment has successfully increased pension participation, it has also led to employees accumulating multiple small pension pots as they move between jobs. In fact, there are now 13 million of these small pots, worth £1,000 or less, with the number increasing by around one million a year. This is making managing retirement savings more complex for employees. The introduction of pensions dashboards, which will be rollout from late 2026, will help individuals locate lost or forgotten pension pots by bringing all their pensions together in one place online. This is likely to increase awareness of fragmented savings, creating an opportunity for employers to help employees take action and consider consolidating these pots.
3.3m
Lost pensions valued at £31.1 billion
A straightforward approach
Our digital Pension Consolidation service empowers employees to take control of their retirement savings. Benefits for employees include:
Reduced stress
Tracking multiple pension pots from different jobs can be confusing and time-consuming. Consolidating can take this stress away and ensures no savings are left behind.
Increased savings
Each pension may come with its own set of charges. Consolidating into one scheme could help reduce these fees, meaning more money stays invested for the future.
Improved management
A consolidated pension provides a single, clear view of retirement savings, for better management, transparency and focus on meeting future retirement income goals.
Greater engagement
Seeing the total combined value of a consolidated pension can create a more powerful impact and potentially lead to improved engagement.
Key features of our digital Pension Consolidation service
Simple transfers
An easily accessible digital service that consolidates previous pensions into a single, flexible scheme.
In-house Investment Management expertise
Our expert in-house IM have handpicked a selection of funds, for employees to chosse from to create a portfolio.
Range of investment funds
Employees can choose to invest in a target-date fund (a ready-made option that adjusts automatically over time) based on their anticipated retirement date or build a diversified portfolio by selecting from a curated range of funds covering different asset types and risk levels.
Experts in education
As leaders in financial education, we help employees understand how they can achieve better retirement outcomes
Explore our full suite of Financial Wellbeing services
We provide a range of services such as engaging financial education to help employees understand the workplace benefits on offer and make informed decisions to improve their financial future.
