In the UK, the idea of a job for life is a thing of the past. The average person now holds between nine and twelve jobs over their career, which often results in a trail of forgotten pension pots scattered across different providers.
The scale of this issue is staggering. Recent data shows there are roughly 3.3 million lost pension pots in the UK, worth a collective £31.1 billion. For those in the 55 to 75 age bracket, these misplaced pots often average more than £13,000 each. Consolidation is not just about finding what is lost; it is about optimising what you have. Multiple providers mean multiple sets of management fees, which can quietly erode your savings. Research suggests that by streamlining three typical pensions into a single, lower-cost plan, a saver could potentially boost their retirement fund by over £20,000 over twenty years.
Wherever you are based in Europe, a consolidated approach provides the clarity needed to manage currency fluctuations and stay tax compliant in both countries. We will work together to protect your pensions and simplify your portfolio, ensuring you stay compliant while we look after your future.
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