Better Off Together: Could Combining Pension Pots Boost Your Retirement Income? The modern workplace is marked by frequent job changes, resulting in multiple pension pots, each with its own fees, rules, and quirks.
Industry insiders promote consolidation as a way to simplify the pension landscape, but what does this mean for the average worker? Should they combine their pensions or leave them alone?
Alistair McQueen, head of savings and retirement at Aviva, notes that with an average job tenure of about five years, workers may end up with many pension pots.