You may be able to consolidate your pensions yourself but you should be very careful about doing so.  Whilst some pension providers make pension transfer sound like the sort of thing you can do over a cup of tea, doing so could prove extremely costly to your future. Protecting valuable pension benefits Some pensions have incredibly valuable benefits attached to them which will be lost if you transfer. Pension Benefits could include (but are not limited to): Protected pension age (for early retirement) Fixed annuity rates   Tax-free cash Life insurance Loyalty bonuses Terminal bonus You may also incur penalties to transfer. So it's important to have a Pension Transfer Specialist take a look at your old pensions and make sure that you haven't missed something that you might regret giving up. Better safe than sorry. The problem with self-management & pensions In the age of robo-advice and easy ways to invest, it might seem like a good idea to manage your pension yourself but the research makes for grim reading. Research by Insurance giant Zurich found that almost 41% of those in drawdown without financial advice will run out of money in retirement. The research found that​​​​​​​ a large percentage of self-investors were unprepared and uneducated about the risks they were taking on. Despite that many were choosing to go it alone without consulting a financial adviser.  If your motivation for consolidating your pension yourself is to save money, you should consider the high cost of making a mistake and also look at the research published in 2019 showing that, even when you take fees into account, those who take Financial Advice end up on average nearly £50,000 better off over a decade.