u/dave10seahawk

I am due to start a new job in a few months where I plan to join the pension plan as soon as I can. They offer 1.5 times my contribution to a maximum of 8% from me, 12% from them which is universes away from what I get currently.

I have £28k invested in my old job plan invested via Standard Life which allows me to chose my own investments and risk.

My concern is that the new work pension may not allow me that same level of flexibility or control to move my investment to a higher risk and it will be placed in a default / lower risk fund.

So would it be a good idea to keep my old pension pot with Standard Life and benefit from the funds I am currently invested in (which have performed very well) or move it all over the new plan?

Still quite new to pensions so any advice would be appreciated.

I’m 37, I didn’t pay much attention to my pension so paid in the minimum until late 2023 when I educated myself a little and changed my attitude to finances. I moved my funds from the default safe fund to higher risk funds and the investment growth has grown a LOT more.

My question is two fold, how am I doing? Do these seem like good returns? Prior to the move my investment growth was never over £1k and in 2.5 years it’s now over £8k.

And secondly, should I move the funds? I haven’t touched them since I set them up, should I leave them as they are or review them periodically (say annually) and move them to a higher performing fund? It’s free to move on Standard Life.

Still very much a pension noob so I apologise if I’m missing something obvious.

Should I consolidate old work pension into new plan.

2 years in, how am I doing?