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You asked: When might it not be right for me to put all of my pension funds together?

Combining your pension plans may not always be the best option. If your current pension provides a guarantee of the money you'll be paid, or guarantees a certain level of investment returns, you might be better off leaving it where it is. If you have any of the following pension plans or plans that include the features listed below, you should speak to a financial adviser:

  • Defined benefit pensions or pensions that provide any other salary-related benefits.
  • Pensions promising set annuity rates (also known as guaranteed annuity rates).
  • Pensions with guaranteed minimum pension benefits.
  • Pensions invested in guaranteed funds or funds promising guaranteed investment returns.
  • Pensions with any other guarantees.

If you don't have a financial adviser, you can find one in your area at

For more information, visit What you need to consider before combining your pension plans. The value of your pension pot can go down as well as up and you may get back less than has been invested.

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