Birmingham Live
Birmingham Live
UK · 1 hrs ago

Anyone with multiple pension pots urged to complete 'no brainer' task

NewsCost Of LivingYour MoneyMany UK workers have cash in multiple schemes.19:18, 09 Aug 2026Anyone with multiple pension pots has been urged to combine them to boost retirement income. Many UK workers have cash in multiple schemes.‌Data shows the number of people saving into a private sector workplace pension has doubled since 2012 to reach 23 million. Millions, meanwhile, have personal pensions and self-invested private pensions (Sipps).‌“Every time we change jobs, we are likely to begin a new pension,” says Alistair McQueen, the head of savings and retirement at Aviva. “With average [job] tenure at about five years, we may end our working lives with many pension pots.”‌READ MORE DWP confirms strict new punishment from October for all benefits it pays out“There is quite a strong argument
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