Pension consolidation deserves more respect than it gets

'For me, pension consolidation is a perfect illustration of why financial planning matters'

clock • 5 min read

Andy Zanelli explains why pension consolidation is both technically demanding and professionally risky. It deserves more respect, he writes

For many clients, pensions are the most valuable asset they will ever own – even including their home. They are also one of the least understood. Decades of job changes, policy reforms and product innovation have left many people with a collection of schemes that reflect the history of the pensions system rather than any deliberate plan. Against that backdrop, it is hardly surprising that pension consolidation is often framed as a sensible clean-up exercise. A way of bringing order to complexity, reducing clutter and making retirement planning feel more manageable. From a distance, it...

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