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  • Yeah, Mrs GB has ~10 pensions as she's been doing shorter term contracts (usually maternity cover roles) more recently.

    Our usual IFA* has quoted £150 per pension to help with the consolidation process - mostly to make sure that we don't incur any unnecessary fees or miss out on monthly/annual interest/dividend payments by transferring it at the "wrong" time. Seems a bit steep when there are lots of pensions but it can be worth it depending on the timings.

    First step is me needing to sit down and stare at the last few years statements for each of my pensions to work out the fees I'm paying...

    * We've known him for years, but he's since progressed on to managing people with serious amounts of money, but continues to help us every so often as a favour.

    I moved ~4 pensions into one Aviva one, then realised I could have the same risk profile with a SIPP at 1/10 of the cost.

    Yeah, I guess it comes down to whether moving it all into my current active pension (which makes me twitchy having all eggs in a single basket) would be cheaper overall than putting the older ones into a SIPP and managing that myself.

    [EDIT] Did a bit of digging:

    Current work pension: ~0.40% annual fees
    Old work one (with bulk of money): ~0.17% annual fees!
    Old work one (smallest): can't see any details at the weekend for some reason, despite it being the same provider as current work pension
    Old work one (mid-size): ~0.69% annual fees

    All 3 I can see have different retirement ages (60, 63, 66) so those will need fixing at some point (I'm only 47 so even the earliest one won't start to consolidate for a few more years, that usually starts ~10 years from specified retirement age). And no idea of the details of the 4th one.

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