Meet the Other Phone. Only the apps you allow.

Meet the Other Phone.
Only the apps you allow.

Buy now

Please or to access all these features

Money matters

Find financial and money-saving discussions including debt and pension chat on our Money forum. If you're looking for ways to make your money to go further, sign up to our Moneysaver emails here.

Should l sort my pensions with Pension Bee, Nutmeg or someone else?

5 replies

NorthSouthcatlady · 18/12/2021 22:09

We have just moved house and l am informing everyone we have moved house -we have paid to forward our post as well. I thought l had about 3 or 4 different pensions that l have paid into. Turns out it’s 8!!! Am l best combining them together? Using Pension Bee, Nutneg or similar?

OP posts:
Bubblty · 19/12/2021 08:37

If you've got enough money I'd see an IFA. You are probably best combining them but don't do it yourself unless you understand what each one is invested in and the fees. You could possibly just transfer the ones you have into one or 2 of your existing pensions but if you have a defined benefit one be really careful.

WaterBottle123 · 19/12/2021 12:46

I recently used pension bee and have been pleased with the service and returns

Mufflette · 19/12/2021 12:50

I'm a massive fan of PensionBee. Easy to transfer and I've had amazing growth on mine so far (over about 3 years). But yes, as @Bubblty says do check them all out first. I've got one that I didn't transfer as it's Defined Benefit (or Contribution, one of the two) and the fixed income isn't worth risking.

SantaHat · 19/12/2021 12:52

Oooh keen to follow this as I have at least 3 plans out there…
I saw a free independent pensions advisor through work a while ago and they actually recommended leaving them where they were. There view was not to put all your eggs in one basket.

Mufflette · 19/12/2021 13:09

In fact I've just checked and growth is currently at 40%. Not that it can be guaranteed for the future, but I'm pretty pleased with it so far!

New posts on this thread. Refresh page