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New job? Congratulations! Just don’t forget about that pension pot.

Do you ever have that nagging feeling when you leave the house that you’ve forgotten something? You can’t quite remember what it is, but yet you know there is something that you’ve missed?

Chances are that when you start your new job, you’re thinking all about making a good impression in front of your new employer, meeting new colleagues and settling into a new routine or commute. You’re probably not thinking so much about your previous pension pot with your last employer, or indeed whether you should do anything with it. At the end of the day, you’re not going to need it until you retire so there’s plenty of time to look at it some other day?

Unfortunately, this situation is quite common as today’s workforce are more likely to have a series of jobs with different employers, as opposed to the more traditional ‘job for life’ scenario of the past. Some individuals can then end up with a number of separate workplace pension plans remaining untouched and without being reviewed for many years.

Finally, that nagging feeling to sort it all out (or maybe it’s curiosity to find out just how much income there’s likely to be in retirement) gets the better of them and the search begins for those old policy statements and letters still in their envelopes.

When it comes to planning for your retirement, it’s never too early to start reviewing what policies you have and to find out how these are going to shape your future retirement. If the forecast ahead looks gloomy, then it’s a good idea to be prepared and plan in case things change – just as you would if you were leaving the house. Just don’t forget to take the umbrella.


A pension is a long term investment. The fund value may fluctuate and can go down. Your eventual income may depend upon the size of the fund at retirement, future interest rates and tax legislation.

The guidance provided within this website is subject to the UK regulatory regime and is therefore primarily targeted at consumers based in the UK.

Cherry May Financial Planning Ltd is authorised and regulated by the Financial Conduct Authority.

Cherry May Financial Planning Ltd is registered in England and Wales under reference 10260896. Registered office address: Pynes Hill Business Centre, Pynes Hill, Exeter, Devon, EX2 5JL

The Financial Ombudsman Service (FOS) is an agency for arbitrating on unresolved complaints between regulated firms and their clients. Full details of the FOS can be found on their website at