According to jobsearch.com the average person changes jobs at least 10 times during their lifetime leaving a trail of small pension pots behind

The problem is that fund management and administration fees eat into any growth in the value of your small pots. At worst the charges continually reduce the value of your small funds. Also many of these frozen pension pots have very low death benefits, sometime even zero, or just a return of contributions.

Many people take regulated advice. Their adviser then deals with all the donkey work of tracing your pension pots and obtaining transfer values. They also help you to put your small pension funds under one roof to reduce hefty charges and achieve better returns on your money. Depending on your circumstances you may also be able to draw a tax free cash sum at the same time. Advisers' fees are revealed before you make a decision and are deducted from your total fund. Provided this totals at least £100,000 you may also qualify for up to £1,700 of Free Legal work that includes a FREE Will Trust that protects the inheritance you leave for up to 125 years. Also, FREE Lasting Power of Attorneys for both Financial and Health & Welfare.

Access your FREE Family Legal Protection Certificate now.

Equity Legal does not offer regulated financial advice. We solely act as introducers to our panel of authorized independent advisers regulated by the Financial Conduct Authority.