Old pensions- what happens to the

[howdyougetuptgere]

So I worked for a food retailer for a few years and left last February. I was paying into a pension each month but when I left I forgot about it. I recently got a letter telling me I had 2k in my pension. What happens to this? Does it alll just go into my pension pot for when I retire or is it in know man's land until I do something with it?

I'm rubbish with this stuff

I guess it just sits there until you retire, or gets slowly eaten away by fees?
Worth getting an up to date statement and maybe finding out about transferring it?

Hey, thanks for responding. Where do I transfer it too? I currently work for a completely different sector that has a different pension provider. I was hoping it just got stored away for when you reach pension age lol 😂

Get in touch with them for the options, might be a lump sum or weekly payments when you reach retirement or you might be able to withdraw or transfer it

Nothing will happen to it, in that it will remain yours and remain managed by the original pension provider. But as a PP has said it will lose fees each year and may not grow enough to cover those fees. It would (very likely) be better off being transferred to your current pension with your current scheme.

If you can log on to your old pension provider site there should be information about how to transfer it to your current scheme.