152- Should You Consolidate Your Pensions?

In this episode, Benjamin explains why you shouldn't automatically transfer and consolidate your pensions.There can be benefits in doing so, but you need to first understand what you may potentially be losing out on or giving up. Understanding that will give you the confidence that you're making the right financial decision and avoiding any financial mistakes in consolidation. By the end of this episode, you'll understand what you need to be thinking about and some of the questions you need to ask of your existing pension providers before pressing 'consolidate'. Knowledge is power, money nerds. Join Benjamin Mitchell (themoneyscot), serial hater of financial jargon, as he helps make your finances clearer and ensures you never make another financial mistake. Getting on top of your personal finances doesn't need to be complicated or scary. Arm yourself with the only knowledge you need to transform yourself from money novice to money nerd!  Take my 5 minute retirement assessment (can you already afford to retire?) 🚀Disclaimer - please note that nothing in this podcast can be relied upon as financial advice and the content is provided purely for information and guidance purposes. Please seek independent, regulated financial advice relevant to your situation.