Consolidate pensions

[Timbucktime]

My husband is 48 and has about 4 pensions totalling around £170000.
He only pays into 1 of them as his company pays 10% of his salary into it. The others are very small that he opened since he was 18 but stopped putting money into them long ago.

He really wants to consolidate them just to make things a bit simpler but has absolutely no idea how to go about it how how much it costs to do something like this.

Just looking for a bit of initial help and guidance.
Thanks

I did similar a couple of years ago, set up a SIPP and all pensions got transferred in.
I think you do need a financial advisor though if the pension pot you are transferring is over a certain value as they want to know that you have taken proper advice? I didn’t pay anything directly but I think they took a small commission from my pension pot.
I wasn’t able to transfer the pension for my current employer though as they wouldn’t let me take it out of the workplace scheme so that one is still separate

Thanks ceeveebee that’s very helpful

If he is happy to wait a couple of years he can get free government advice from Pensionwise

You can transfer/amalgamate into PensionBee - it’s free and incredibly simple. I did this but my pension is tiny compared. My DH transferred his employer’s pension into a SIPP with Hargreaves Lansdown - his pension is a lot bigger than mine & that was also free. Both are on apps so you can monitor & it’s all very transparent. We are early forties.

Thank you all. I’ll have a look into all your suggestions

Look at interactive investor, they have a good range of funds and their charges are quite reasonable, moving mine there from Hargreaves Lansdowne. It is very easy to transfer in. He could also look at moving them all into his current work one. Just be certain none are defined benefit, e.g. NHS/teachers where they give you a defined amount they are much better value than the cash transferred out.

Today's episode of Money To The Masses podcast has info about small pension pots which may be useful to know. Such as the ability to cash in small pots at retirement and not affect lifetime allowance.
moneytothemasses.com/news/podcast/mttm-podcast-episode-310

Thanks you