How to help clients navigate the pension consolidation process

Consolidating pensions may enable clients to pay less in costs

clock • 3 min read

While consolidating pensions can be a wise decision for many individuals, it's crucial to carefully weigh the risks and disadvantages before deciding, writes Pete Hykin

Pension consolidation, which is consolidating many pension plans into one account, is one method that may be worthwhile to explore with your clients. Clients can streamline their retirement planning, perhaps reduce expenses, and increase control over their investing strategy by merging their pensions. Why consider pension consolidation? Consolidating pensions may provide a number of advantages. One benefit is that clients may find it simpler to maintain track of their retirement resources. It might be difficult to maintain track of all the accounts if someone has several pensions from ...

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