Nearly a quarter of adults are unaware of pension consolidation

Standard Life's Retirement Voice report conducted among more than 6,000 people in the UK revealed that more than one in ten (12%) are only vaguely aware of the option to consolidate, while 21% have heard about it but not in any detail. Only 20% are fully aware of pension consolidation.  Out of those who have consolidated their pension pots, more than three quarters (77%) said they found it easy. Meanwhile, those who have not consolidated pensions put this down to: not knowing how to (25%); being scared of making a mistake which might negatively affect retirement income (13%); thinkin...