June 2, 2025

As a top-rated Independent Financial Advisor (IFA) based right here in Worcester, I’ve had countless conversations with people who, through various jobs and life changes, have accumulated a collection of pension pots. Often, these pensions are left to drift, almost forgotten, with little thought given to their performance, charges, or how they fit into their overall retirement plan. While the idea of having multiple pensions might seem like diversification, in reality, it can lead to a fragmented and potentially underperforming retirement strategy.

In this article, let’s delve into the reasons why consolidating your pensions could be one of the smartest financial decisions you make, and equally importantly, we’ll explore the significant risks of leaving your hard-earned retirement savings unattended.