Pension consolidation

Most people, during their career, accumulate a number of different pension plans. Yet maintaining separate plans can be laborious and complicated – and lead to lost investment opportunities, exposure to undue risk, higher costs, and more.

Barclays Wealth can help you avoid these problems by working with you to consolidate your retirement funds into one wrapper. As part of our approach, we will:

• Help you review your existing pension plans
• Identify and fill any funding gaps
• Define the right asset mix for you
• Develop the investment solution and retirement strategy that best suits your needs

• It makes managing your pensions easier and less time-consuming.
  With only one plan to keep track of, monitoring the performance of your pension fund is simpler and quicker.
• We can ensure that your overall asset allocation is consistent with your goals.
  With many plans to maintain, it can be difficult to assess whether you have the right asset mix, or if your investments are too cautious or too risky.
• It becomes much clearer whether your level of contributions and overall retirement funds are appropriate.
  We help ensure that you’ll have enough to meet your goals, but not so much that you’re exposed to a tax liability.
• You can remove plans that are inconsistent, inflexible or inappropriate to your needs.
  In favour of a single plan that’s best for you.
• It’s more cost-effective.
  You pay only one set of management charges, rather than separate charges for a multitude of plans.