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Pension switching and consolidation

Help your clients pension savings work harder and smarter.

Some people in the UK have several jobs during their lifetime, which can mean several pension plans scattered across different providers. Consolidating them into one plan could help your clients get the most from their savings.

Benefits for your clients

Switching and consolidating savings could help clients get more from their pensions:

  • Your clients will have one set of charges to pay as their pension savings are all in one place
  • With Pension Portfolio, we'll reward your clients by reducing our management charge as they continue to contribute to their plan and the value grows
  • Clients will only have to deal with one pension provider, making their pension easier to manage
  • With our mobile app, clients can keep track of their savings whenever, wherever they like
  • Our ProfitShare scheme means that when we do well, we'll aim to boost your clients' pension savings with a share of our profits each year.

Important information

Pension switching may not be suitable for all your clients. For example, if they're part of an employer's pension scheme, a Direct Benefit (Final Salary) scheme or their existing plans have any guarantees or enhanced tax-free cash, transferring into a new plan may not be in their best interests. For more information, see our dedicated DB page.

How we support you when switching pensions

We offer a range of resources to support your business when switching your client's pensions to us:

Ready to switch?

When your client is happy with the plan you've recommended, you can apply using our online service.

Find out about our online service

Resources and services

Financial planning tool

Create a financial plan to give your client a full picture of their different sources of income and how their spending needs could change over time.

Use the tool  

Client review service

With just a few simple clicks, you can create branded, visual reports which delve further into the ongoing performance of your client’s plan – and their outlook for the future.

Get started  

Drawdown governance service

For clients who are taking a regular income, we'll show you how to track, discuss and review the ongoing sustainability of their income.

More about the service