Savers with multiple pots advised to consolidate

Penfold claims consolidation could help savers easily work out income in retirement

Martin Richmond
clock • 2 min read
Savers with multiple pots advised to consolidate

Savers holding multiple pension pots should consider consolidating their savings into one plan, digital pensions platform Penfold says.

The provider argued by consolidating multiple pension pots from different employers into one plan, it would provide easier access for savers to manage their retirement savings and work out how much...

To continue reading this article...

Join Professional Pensions

Become a Professional Pensions Lite Member today

  • Three complimentary articles per month covering the latest real-time news, analysis and opinion from the industry
  • Receive important and breaking news stories via our two daily news alerts
  • Hear from industry experts and other forward-thinking leaders

Are you a trustee, investment consultant or in-house pension and benefit scheme professional? You can apply for full complimentary access here

Join now

 

Already a Professional Pensions
member?

Login

Martin Richmond
Author spotlight

Martin Richmond

Senior Correspondent at Professional Pensions

More on Industry

Government reform agenda 'ambitious' but 'entirely achievable', TPR says

Government reform agenda 'ambitious' but 'entirely achievable', TPR says

Nausicaa Delfas urges industry to ensure people benefit from better schemes

Holly Roach
clock 20 March 2026 • 1 min read
Two in five SMEs open to switching pension provider

Two in five SMEs open to switching pension provider

People’s Pension finds one third say lower investment performance biggest trigger for switching

Jasmine Urquhart
clock 20 March 2026 • 1 min read
Professional Pensions: Stories of the week

Professional Pensions: Stories of the week

House of Lords votes to remove mandation power from bill, TPR DC research, Standard Life results

Professional Pensions
clock 20 March 2026 • 1 min read
Trustpilot