Career moves, redundancies and job hopping can result in a collection of pensions - it's not unusual to come across people with more than five to their name. As retirement approaches, there comes a pressing need to look more closely at the collection and make the necessary adjustments.
For those who have accumulated significant pension funds, the act of joining the new company's Death in Service Scheme can unwind years of meticulous pension planning. Ross Glanfield explains how to avoid an expensive mistake.
Congratulations! You have won the competition and the first prize is an inflation-linked income of £10,000 every year for the rest of your life. However, if you prefer, you can also elect to receive a one-off lump sum instead.