Many UK workers have cash in multiple schemes – should you roll them into one? There are pros and cons
How many pensions do you have? In the days of a job for life, many people had just two: the state pension and the one offered by their employer. But a combination of people changing jobs more often and rules that force employers to enrol workers into schemes automatically, means you are likely to end up with more.
The number of people saving into a private sector workplace pension has doubled since 2012 to reach 23 million, according to the Pensions Regulator, largely because of “auto-enrolment”. On top of that, millions of people have personal pensions and self-invested private pensions (Sipps). And some will have all three.
Continue reading...
Many UK workers have cash in multiple schemes – should you roll them into one? There are pros and consHow many pensions do you have? In the days of a job for life, many people had just two: the state pension and the o...
See more
