What is pension consolidation?
As you move from job to job and change addresses it can be tricky to manage pensions. With every new one it’s more admin to deal with. By bringing them together you can have a clearer view of how much money you have for retirement, where it’s invested and what you’re being charged. With Aviva, combining them is free.
Just bear in mind, the value of a pension can go down as well as up – and you could get back less than the amount that's been put in.
It's always important to consider charges and investment choices before consolidating any pensions.
Why consolidate your pensions?
How does pension consolidation work with Aviva?
With Aviva’s free Find and Combine service you can ask us to look for any UK workplace pensions or personal ones where you know the provider. We can also check the details of pensions you know about. Then you can choose if you want to consolidate them.
You give us as much information as you can about where you’ve worked, any pensions you might have had and the names and addresses your pension providers might have.
Get the details
We’ll tell you about certain pension benefits and fees, and if there any charges for moving your pensions. You’ll usually be able to view each one online as they come in.
You can see what we check for here. We'll also pass on all the details we get from the pension providers, so you can check for any other valuable benefits that could be lost.
Decide what to do
Once you have all the information, it’s up to you what to do next. There’s no pressure to transfer them if you’re happier where they are. Our Find and Combine service gives you the option of bringing them together in a new or existing Aviva pension.
If you're not sure about consolidating your pensions, we recommend that you get financial advice first. For some pensions you must take advice before you transfer. If you don't have a financial adviser already you can find one at Unbiased - there will be a charge for advice.
Find and Combine FAQs
Are there any drawbacks?
What will you need to get started?
How long does it take to combine pensions?
Which pensions can you combine with this service?
Which pensions can't you combine with this service?
Does it check for all pension benefits and charges?
Aviva Administration Limited. Registered in England No 03424940. Aviva, Wellington Row, York, YO90 1WR. Authorised and regulated by the Financial Conduct Authority. Firm reference number 185746.
Platform provider: Aviva Wrap UK Limited. Registered in England No. 4470008. Aviva, Wellington Row, York, YO90 1WR. Authorised and regulated by the Financial Conduct Authority. Firm reference number 231530.
Pension product provided by: Aviva Pension Trustees UK Limited. Registered in England No. 2407799. Aviva, Wellington Row, York, YO90 1WR. Authorised and regulated by the Financial Conduct Authority. Firm reference number 465132.
MyAviva and MyWorkplace are owned and operated by Aviva Insurance Limited.