Looking for some advice around pension/salary sacrifice

[hugebrain]

So I spoke with an IFA this morning.

Their advice for me was to consolidate my 3 pension pots

I know very little about this, but I believe that if you have several pension pots there’s a scam you can do where you take the money out of one pot and Deposit it in another for free money.

So unless you think listening to a professional is better than some random idiot on the internet, don’t consolidate.

[Lance]

I know very little about this, but I believe that if you have several pension pots there’s a scam you can do where you take the money out of one pot and Deposit it in another for free money.

So unless you think listening to a professional is better than some random idiot on the internet, don’t consolidate.

the advantage of consolidating is that once you have found a pension pot with low fees, there's no point having different pots, with different fees scattered around. So find a good one and consolidate all that are not defined benefits.
You want management fees of well under 1% and a lot of older pensions could have fees of more than 2%.

This is where an IFA adds value. Not in selling you their pot but in advising. This advise will cost money.