Due to my work history, I will have a number of different small pensions at retirement.
- Retirement Annuity Contract from time spent in private sector.
- Superannuation scheme from c. 7 years local authorities.
- I am considering setting up a personal pension with Standard Life for current work in the private sector.
I like the idea of having my pension spread around a number of different providers to avoid risk of one company getting into trouble.
Are there are disadvantages of having lots of little pensions. Am I creating a minefield that will need to be disentangled at retirement?
Thanks for any advice.
Regards,
3CC.
- Retirement Annuity Contract from time spent in private sector.
- Superannuation scheme from c. 7 years local authorities.
- I am considering setting up a personal pension with Standard Life for current work in the private sector.
I like the idea of having my pension spread around a number of different providers to avoid risk of one company getting into trouble.
Are there are disadvantages of having lots of little pensions. Am I creating a minefield that will need to be disentangled at retirement?
Thanks for any advice.
Regards,
3CC.